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    Anita Bilafer
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    The EU is Montenegro's largest trading partner and source of foreign direct investment. The EU provides substantial financial assistance to Montenegro through funding programs like the Instrument for Pre-Accession Assistance. Over the next seven years, the EU will mobilize up to €30 billion for projects in Montenegro focused on areas like the environment and connectivity. Montenegro has made progress in its EU accession process, opening negotiations on most policy chapters while continuing reforms supported by EU funding.

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    The EU is Montenegro's largest trading partner and source of foreign direct investment. The EU provides substantial financial assistance to Montenegro through funding programs like the Instrument for Pre-Accession Assistance. Over the next seven years, the EU will mobilize up to €30 billion for projects in Montenegro focused on areas like the environment and connectivity. Montenegro has made progress in its EU accession process, opening negotiations on most policy chapters while continuing reforms supported by EU funding.

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    8 views1 page

    Factograph Montenegro

    Uploaded by

    Anita Bilafer
    The EU is Montenegro's largest trading partner and source of foreign direct investment. The EU provides substantial financial assistance to Montenegro through funding programs like the Instrument for Pre-Accession Assistance. Over the next seven years, the EU will mobilize up to €30 billion for projects in Montenegro focused on areas like the environment and connectivity. Montenegro has made progress in its EU accession process, opening negotiations on most policy chapters while continuing reforms supported by EU funding.

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    of 1

    MONTENEGRO

    on its European path


    #EUenlargement

    ©Balsa Rakocevic
    Trade & € Economic &

    Last updated: 12/2022


    investment Investment Plan
    Key milestones ● T he EU is Montenegro’s biggest trading Over the next seven years, the EU will
    partner mobilise up to €30 billion in cooperation
    ● The EU’s Foreign Direct with international financial institutions
    In 2021
    DECEMBER 2008 Investment in Montenegro through the Economic and Investment Plan
    reached €169.4 for the Western Balkans launched in 2020.
    Application for EU 31% The following EIP project for Montenegro was
    million in 2021 in exports
    Membership endorsed in 2022:
    ● Volume of trade in 45%
    goods with the EU in imports ● Environment and climate: Podgorica
    was €1.5 billion in 2021 wastewater treatment plant
    MAY 2010

    Entry into force of


    the Stabilisation and
    Association Agreement
    EU funding
    ● The EU is the largest provider of financial assistance ● The Annual Action Plan 2021 for Montenegro
    to Montenegro adopted a budget of €32.41 million supporting
    DECEMBER 2010
    ● The EU is supporting the socioeconomic actions in the areas of agriculture, environmental
    development and reforms in the enlargement and climate action, EU integration, reforms as well
    EU candidate country as connectivity and green agenda
    status granted region, including in Montenegro, with financial and
    technical assistance through the Instrument for ● For 2014 - 2020, IPA II funding allocated for
    Pre-accession Assistance (IPA) Montenegro amounted to €269.2 million
    JUNE 2012 ● For 2021-2027, IPA III funding for the whole ● €1 billion provided in European Investment Bank
    enlargement region is €14.162 billion*. It loans since 1999
    EU decides to open responds to thematic priorities
    accession negotiations

    DECEMBER 2013

    ‘Rule of Law’ chapters 4% 15%


    23 and 24 are opened
    for negotiations  ule of Law, fundamental
    R  ompetitiveness and
    C
    rights and democracy inclusive growth
    €14.162  ood governance and
    G T erritorial and cross-
    JUNE 2020 billion neighbourly relations border cooperation
     reen agenda and
    G
    All 33 screened chapters 2021 - 2027 17% sustainable connectivity
    22%
    have been opened,
    three of which are
    provisionally closed * IPA assistance is based on EU thematic priorities rather than pre-defined
    country allocations, hence the global amount for the enlargement region.

    JUNE & DECEMBER


    42%
    2021

    Political
    Intergovernmental Human capital & innovation
    Conferences under the
    revised enlargement ● The EU pays special attention to youth, education and innovation and is helping the Western
    methodology provide Balkans implementing Youth Guarantee schemes to support youth employment
    political steer to the
    accession process ● 4,000+ participants from Montenegro in student, academic and youth exchanges under
    ERASMUS+ (2014-2020)
    ● Reforms of the social welfare and child-care systems implemented with EU support
    ● €14.4 million in support to civil society (2014-2020)

    Source: EU Data ec.europa.eu/neighbourhood-enlargement | facebook.com/EUnear | twitter.com/eu_near

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