June 15, 2018 - The European Bank for Reconstruction and Development is the largest financial investor in Montenegro and since 1991, has invested more than 530 million EUR in a variety of approximately 50 projects. The current Montenegrin portfolio in this company is estimated at 350 million EUR.
In the past few days, Minister of Sustainable Development and Tourism, Pavle Radulovic, had a meeting with the Vice President of the European Bank for Reconstruction and Development, Alan Pile, and the other representatives from this organization. By this occasion, Vice President Pile pointed out that EBRD is interested in investing in the private sector and tourism in Montenegro.
The two officials discussed models of possible investments in infrastructure projects, with emphasis on traffic and waster management. Also, since tourism is one of the key economic sectors from which Montenegro is continuously getting more and more income, representatives of EBRD have shown particular interest in investing in the sector of Montenegrin tourism.
“Quality of service and price competitiveness are the key items in the fight for the Mediterranean tourism market. It is necessary to make binding of agricultural producers, which are present in the Montenegrin market in increasing numbers. Such a business model would improve the quality of the service and provide safe business for farmers, which is the benefit for the country in general,” emphasized Minister Radulovic.
