Sitemap

Montenegro: Up To €2.9 Million EIB Grant To Improve Education

Source:

CorD Recommends

Budapest-Belgrade High-Speed Railway Back on Track, Ahead of Schedule

The Budapest-Belgrade high-speed railway project, funded through...

Opposition Claims Resounding Victory in North Macedonia Elections

The conservative opposition VMRO-DPMNE coalition in North...

Slovenia to Outpace Italy in Economic Power by 2029

Projected by the International Monetary Fund (IMF)...

Zoran Andjelković Ascends to Directorship of Serbian Post

Zoran Andjelković has been appointed as the new acting director of Pošta Srbije (Serbian Post), as announced in the...

Business Event Hosts Serbian Employment Service Presentation

In Belgrade on the 15th of May, the Slovenian Business Club, in collaboration with the National Employment Service of...

Golubac Marks Milestone with Inauguration of Eastern Serbia’s First Wind Farm

In a significant development for Serbia's renewable energy sector, Golubac celebrated the grand opening of the "Krivača" wind farm,...

Conference “Thinking Green & Living Clean” Held

On Wednesday, 15 May, the "Thinking Green & Living Clean" conference took place at the Sava Center, marking the...

CBS International and Cushman & Wakefield Expand Partnership into Austria

Global real estate consultancy Cushman & Wakefield has signed an exclusive partnership agreement with regional leader CBS International to...

The European Investment Bank (EIB), the bank of the European Union, will provide a grant of up to €2.9 million to the Government of Montenegro to accelerate the modernisation of the national education system through the upgrade, construction and reconstruction of pre-school, school and vocational school infrastructure in the country.

The EIB grant will cover technical and advisory support for project preparation and the public procurement process, and for developing national monitoring and evaluation standards for similar projects. It will accelerate upgrades that are expected to create an additional 2 070 places in schools across Montenegro, and 530 new full-time jobs.

The operation supports the ongoing modernisation of the national education system as part of the €18 million Montenegrin education programme, which the EIB signed with Montenegro in 2019. The programme finances the procurement of modern equipment and the construction and renovation of public education infrastructure, including kindergartens, primary, secondary and vocational schools, as well as the provision of information and communications technology (ICT) equipment and school furniture. The grant stems from the Economic Resilience Initiative (ERI), which aims to support economic growth, job creation, social cohesion and the development of vital infrastructure projects in the Western Balkans.

EIB Vice-President Lilyana Pavlova, who is responsible for operations in Montenegro, said: “We are pleased to be signing the second grant for Montenegro this year under our new EIB Global branch. By helping to expand and improve education services, the EIB is ensuring equal access to high-quality learning conditions for all children, thus fostering inclusivity and equality. In this way, we are contributing to the foundation of a modern education system, which will improve youth employability and promote economic growth in the country. The introduction of ICT equipment will accelerate the digital transformation in Montenegro and access to digital skills.”

Oana Cristina Popa, EU Ambassador and Head of the EU Delegation to Montenegro, said: “The European Union is Montenegro’s number one partner when it comes to reforming the education system. Under our new Instrument for Pre-Accession Assistance, we will work jointly with other development partners to help the government modernise the education system. Our investments will address overall weaknesses in the learning process and improve the inclusion of vulnerable groups such as students with disabilities, Roma and other minority groups. While we plan to channel our pre-accession funds mostly through a direct budget support programme, infrastructure needs will be supported by the EIB and other financial institutions, in line with Montenegro’s needs. Our mutual support programmes are complimentary and can help the country achieve the best results.”

Related Articles

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next four years, out of the...

Jakov Milatović, President of Montenegro

Restoring Our Traditional Partnership

I consider that we achieved a turnaround in economic and political relations between Montenegro and Serbia in the first year of my mandate, but...

Electric Power Companies of Republika Srpska and Montenegro Plan to Establish a Joint Company

The management boards of the electric power companies of Republika Srpska and Montenegro have initiated the formation of a joint company based in Trebinje,...

Montenegro’s FDI Takes a Hit but Real Estate Grows

Montenegro saw a significant decrease in foreign direct investment (FDI) in 2023, with net inflows dropping 45.23% to €428.67 million, according to the Central...

ESG Adria Summit 2024: Act Now for a Sustainable Tomorrow

The ESG Adria Summit, scheduled to take place in Porto Montenegro from April 24th to 26th, 2024, is the leading international business summit in...

United Front on Energy and Environment: Balkan Ministers Pledge Cooperation

In a landmark summit, the energy and mining ministers of Montenegro, the Republic of Srpska, and Serbia united to deliberate on ways to enhance...

Balkan Borders Blur as Free Labor Movement Pact Launches

Marking a significant shift in the labor markets of Southeast Europe, Serbia, Albania, and North Macedonia have forged an essential agreement, coming into effect...

Southeast Europe Unites in Support for Ukraine at Tirana Summit

In a striking demonstration of unity from Tirana, Southeast European leaders, together with Ukraine's President Volodymyr Zelenski, have collectively declared their support for Ukraine's...