The European Investment Bank (EIB) has strengthened its presence in Montenegro by opening a representative office in Podgorica, signaling renewed support for the country’s development projects in energy, infrastructure, transport, and green transition.
EIB Vice President Robert de Groot told national broadcaster TVCG that opening the office reflects confidence in Montenegro’s economy and commitment to closer cooperation as the country advances toward EU membership.
“We are proud to open an office in Montenegro because it allows us to be closer to our clients—the government, corporations, and small and medium enterprises. Our goal is to intensify cooperation and invest in projects that improve the economy and sustainability,” said de Groot.
The EIB, one of the world’s largest multilateral financial institutions, provides around €100 billion in loans annually, with at least 10% invested outside the EU. Since 2009, the bank has invested over €1 billion in Montenegro, supporting projects in energy, water supply, education, health, and transport.
De Groot emphasized that Montenegro’s government has prioritized road and rail infrastructure, sectors requiring the largest investments. The EIB plans to coordinate efforts with the European Bank for Reconstruction and Development, the World Bank, and EU grant programs.
He also highlighted the importance of modernizing border crossings to facilitate faster regional trade and travel, as well as continued support for small and medium enterprises, education, and healthcare.
Commenting on the European Commission’s latest report on Montenegro, de Groot said it reflects optimism about the country’s progress toward EU accession. “We have great confidence in the government, the private sector, and citizens,” he stated.
The EIB, also known as the “Climate Bank,” intends to continue investing in sustainable and green projects, with 50% of its portfolio dedicated to climate-related initiatives, including renewable energy support for Montenegrin small and medium enterprises.
