The government intends to introduce export insurance against non-market risks through the Development Bank of Montenegro in order to help domestic exporters, and the Competition Protection Agency has assessed that such a measure does not constitute state aid.
The Agency considered the Draft Regulation prepared by the Ministry of Finance, which regulates the insurance of exports of goods and services against non-market risks on behalf of and for the account of the state, as part of the economic policy aimed at strengthening the competitiveness of exporters.
The Ministry of Finance stated that this mechanism would make it easier for Montenegrin companies to enter foreign markets, because the state would take on part of the risk that private insurance companies often do not cover.
The agency pointed out in its opinion that the regulation applies exclusively to non-market risks, which are not covered by EU rules on short-term export credit insurance, and therefore cannot be considered state aid.
The Agency warned that the Ministry must take into account that any coverage of temporary non-market risks could be considered state aid, and in that case, it should act in accordance with the law on state aid control.
The Regulation is aligned with several European Union acts regulating the field of export-credit insurance, including directives and decisions relating to joint guarantees and consultation procedures in this area.
The opinion was adopted at the meeting of the Agency Council on January 22, 2026.
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