Country Action Programme for Montenegro for 2016

The Country Action Programme for Montenegro for the year 2016 allocates EUR 16,000,000.00 for capacity building and acquis related activities for the sector Environment and Climate Action and EUR 6,948,900.00 for strengthening the Competitiveness and Innovation sector of Montenegro. The two actions, in line with the strategic objectives of the ISP, will bring added value to Montenegro, as well as to the European Union by supporting the integration process and by contributing to the economic development of Montenegro and the EU. The allocation of 2016 funds will help Montenegro to overcome the challenges faced by the sectors and hampering the growth potential of the country.

The overall objective of Action "Strengthening the Competitiveness and Innovation sector of Montenegro" is to strengthen the economic competitiveness and innovation capacity of Montenegro. The specific objective of this action is to support the development of the private sector and of a knowledge-based economy. In addition, it supports alignment of national legislation and strategies to the EU acquis in the sector and the provision of advanced advisory service for private sector; as well as the internationalisation of the Montenegrin economy.

Total value of the Action “Strengthening the Competitiveness and Innovation sector of Montenegro”, which is implemented under indirect management by the Directorate for Finance and Contracting of the EU Assistance Funds, is EUR 7,721,000.00 (the EU contribution is EUR 6,948,900.00 and the national co-financing is EUR 772,100.00). Main beneficiary of the activities which will be supported through implementation of this Action is the Ministry of Economy.

Realization of the procurement procedures is planned during 2018, 2019 and 2020, while implementation of the Programme should be finalised until the end of 2023.