NewsMontenegro welcomes EU Growth Plan, anticipates half a billion euros in funding

Montenegro welcomes EU Growth Plan, anticipates half a billion euros in funding

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Prime Minister of Montenegro, Milojko Spajić, expressed satisfaction with the recent political agreement reached on the European Union (EU) Growth Plan, heralding the availability of approximately half a billion euros in new funds for Montenegro. Speaking on the X network, Spajić underscored the significance of the agreement, stating, “Great news that a political agreement has been reached regarding the EU Growth Plan! This means that soon around half a billion euros will be available to our country, and that through 90+ reforms we will be a de facto member of the EU single market,” as reported by Mina.

Highlighting the transformative potential of the reforms, Spajić emphasized that Montenegro, upon completing the process, will not merely represent a market of half a million individuals but will instead become a market encompassing half a billion prosperous individuals.

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Spajić’s cabinet echoed his sentiments, affirming that the agreement aligns with the country’s trajectory for economic growth. European Commission President Ursula von der Leyen also lauded the political decision on the Plan for Reforms and Growth for the Western Balkans, noting its role in bringing Western Balkan partners closer to the single market while advancing their journey towards EU membership. The agreement comes just one year after its presentation at GLOBSEC in Bratislava, signaling progress in EU-Western Balkans relations.

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