EBRD and EU expand SME support in Montenegro
Montenegro, Feb. 26 -- The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €2 million to Addiko Bank Podgorica in support of small and medium-sized enterprises (SMEs) in Montenegro. The loan is the first to be extended in the country under the Bank's Go Digital in the Western Balkans programme, co-funded by the European Union (EU), and marks another milestone in the EBRD's efforts to accelerate sustainable growth in the region.The loan will help the private sector to innovate and become more competitive through investments in digitalisation and green technologies. It will also strengthen the capacity and trade potential of SMEs by improving access to finance for EU-standard investments and promote ...
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