July 01, 2013

Podgorica, President Vujanović Receives the President of the European Bank for Reconstruction and Development
President of Montenegro, Filip Vujanović received today the President of the European Bank for Reconstruction and Development, Mr. Suma Chakrabarti and his associates.

Vujanović expressed his satisfaction with the cooperation between the EBRD and Montenegro so far. He pointed out that the support of the EBRD is a major contribution to the overall development of Montenegro and that the support was evident in almost all sectors, securing economic development and a better life for our citizens. He expressed confidence that cooperation will continue, especially in projects that will contribute to more balanced regional development of Montenegro, highlighting the project aimed at supporting the development of small and medium-sized businesses in the north of Montenegro and implementation of the Kotor Cetinje cable car project.

EBRD President, Chakrabarti expressed satisfaction with the cooperation so far and pointed out that the EBRD has a long and very meaningful cooperation with Montenegro and that Montenegro serves as an example in the region. The EBRD is committed to long-term cooperation, particularly proud of the projects launched and implemented in the fields of tourism, infrastructure and energy, which is certainly a huge potential. He agreed with the President Vujanović concerning the importance of regional development and said that the EBRD will pay special attention to projects in the underdeveloped areas through the development of small and medium enterprises. In particular, support was expressed for the Kotor Cetinje cable car project, which will contribute to the improvement of tourism in Cetinje, Kotor and the region, and confirmed the already expressed willingness to fund the project through private - public partnership.

The meeting was attended by the Director of the EBRD for Montenegro, Mr. Giulio Moreno and the Mayor of Cetinje and the President of the National Kotor-Cetinje Cable Car Project Team Mr. Aleksandar Bogdanović.

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