Podgorica, (MINA-BUSINESS) – Representatives of 19 Montenegrin companies have signed contracts in Mostar for the implementation of projects for which EU grants were awarded under the first of the EmBRACE project.

At the ceremony, organized by the lead institution of the project, the Croatian Agency for Small Enterprises (HAMAG BICRO), the implementation of 24 projects developed by companies from Montenegro, Croatia, and Bosnia and Herzegovina were officially launched.

The Chamber of Commerce (PKCG) stated in a press release that the total amount approved for Montenegrin companies was €1.1 million.

The support is available for projects proposed by Remid Vis, M.A.S. CODE, Trony Network, Ineska, Montenegro Adventures, Alicorn, Finagate, Statpro, Partner Media, MoDrone, Meditera, EVC Montenegro, Upbeat Hub, ZIP, Brain Code, Enterijeri – SNV, Sinibia, Vizin Travel, and Infrastruktura.

“This project finances the cooperation of micro and small enterprises in the border region of Croatia, Bosnia and Herzegovina, and Montenegro within the Interreg VI-A IPA Programme Croatia – Bosnia and Herzegovina – Montenegro 2021–2027,” the press release states.

As part of the Interreg VI-A programme, a Small Projects Fund was established for micro and small enterprises as the end beneficiaries, with the goal of stimulating growth in this sector and supporting their drive for digital transformation.