20 October 2018 - Vomic Shah, regional director of the British credit Agency for the support to export, is visiting Montenegro this week in order to familiarize himself with the import and export potentials of our country.
United Kingdom Export Finance is a credit agency of the British Government whose role is to provide support to the exporters for Great Britain and their buyers abroad.
“United Kingdom Export Finance can help ministries, municipalities and private companies who operate in Montenegro provide competitive, long-term finances for the trade of goods and services with the UK. It can also give its support to public and private partnerships, financing projects and refinancing capital market,” reports the British Embassy.
United Kingdom Export Finance has around 500 million EUR at disposal for Montenegro, for all sectors.
„In order to qualify, every project must have at least 20% of goods and services in Great Britain. Apart from the purchase of British goods, services can also include master planning, projecting and delivery, marketing, consulting and legal services,” pointed out the representatives of the Embassy.
Credit arranged via the United Kingdom Export Finance can be repaid between 2-10 years and in some sectors, even up to 18 years.
“This visit points out the economic potential that the UK recognizes in Montenegro. This will ensure that financing comes with a high level of transparency, with high standards of environmental management and social risk, where necessary,” said Alison Kemp, British Ambassador to Montenegro.
