EU provides EUR 5mn grant for water and sanitation projects in Montenegro .

By bne IntelliNews August 15, 2011
The European Union (EU) has provided a EUR 5mn grant to Montenegro to support water and sanitation projects in five municipalities in the country, the European Investment Bank (EIB) informed on its website. The financing follows an agreement for implementation signed by the EIB and the Montenegrin government on Mar 11 in Luxembourg and Mar 18 in Podgorica. The funds will be used for the construction and upgrade of water and wastewater infrastructure, part of the Montenegro Water and Sanitation Project. The project complies with the EIB's lending priorities for improvement of the environment, strengthening of the infrastructure and activities in support of the candidate and potential candidate countries.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335