Podgorica, (MINA-BUSINESS) – Montenegro’s economy continued stable growth last year, driven by strong consumption, wage growth, and sustained investment activity, representatives of the European Bank for Reconstruction and Development (EBRD) stated, adding that this progress was supported through investments totaling €215 million.
Presenting the Transition Report for 2024–2025, titled “Brave Old World”, Head of EBRD in Montenegro Remon Zakaria said that Montenegro continued to demonstrate strong economic momentum over the past year.
“The EBRD proudly supported this progress with a record investment of €215 million through 18 projects in key sectors. These results reflect the trust of our partners, the government and the private sector, and underscore our long‑term commitment to Montenegro’s green transition, connectivity, and economic development and resilience,” he said.
According to Zakaria, 47 percent of these investments supported the green transition, while 67 percent supported gender equality and economic inclusion.
Director for Transition Impact and Global Economics Alexander Plekhanov said that there are increasingly more elderly people and fewer young people, which poses a challenge.
“The main problem is that the economic model we are used to, largely built in the 20th century, namely, a welfare state with pensions, healthcare, and education, is mostly based on having many young people rather than many elderly people. And now, when you move in the opposite direction and those numbers change, it creates a lot of tension in society,” Plekhanov said.
According to Senior Manager for Evaluation Oskar Andruszkiewicz, the EBRD has invested significantly in Montenegro.
“In the period from 2017 to 2024, we are talking about €490 million,” Andruszkiewicz specified.
During that period, this amounts to €773 per capita, which places Montenegro first among the 38 countries in which the EBRD operates.
“That shows that the Bank has a high level of commitment and investment for a country of this size,” Andruszkiewicz said.
The EBRD remains a leading institutional investor in Montenegro, with a total of €1.08 billion invested through more than 100 projects to date, supporting sustainable economic development, private sector growth, and regional integration.
