European Union Paid 28 Million Euros in Grants to Montenegro State Budget

By , 11 Nov 2020, 18:39 PM News
European Union Paid 28 Million Euros in Grants to Montenegro State Budget Source: EU Info Centre

November 11, 2020 - The European Union has paid 28m euros in grants to Montenegro's state budget to help Montenegro mitigate the economic and social effects of the coronavirus crisis.

The Head of the European Union Delegation to Montenegro, Oana Cristina Popa, said that this was only the first part of the non-refundable budget aid available to Montenegro, which would have a total value of 40.5 million euros.

"The remaining funds will be paid after Montenegro fulfills the obligations it has undertaken, among which the most important is to provide financing for small and medium enterprises and to finance social benefits for the most vulnerable categories of the population," Popa said.

The budget support is part of a 53m-euro grant provided to the EU by Montenegro to purchase medical equipment, improve health services, and help vulnerable individuals and businesses most severely affected by the coronavirus crisis.

"This assistance shows that, even when the European Union itself is hit hard by the coronavirus crisis, we remain committed to solidarity as our core value and do not forget our partners in Montenegro. I encourage Montenegrin citizens to respect health measures and to protect yourself and your loved ones," Popa said.

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