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The public announcement for participation in the allocation of funds for stimulating direct investments was published

Published on: Mar 11, 2016 • 5:09 PM Author: m
Government of Montenegro - Secretariat for development projects announced 11th of March 2016 the public announcement for participation in the allocation of funds for stimulating direct investments, according to the Decree on fostering direct investments.
Funds for fostering investments may be awarded for investments projects, with a minimum investment value of 500.000 euros and which enable the employment of at least 20 newly employed persons within the period of three years as of the day of concluding the agreement on the use of funds. As regards to investment in the investment projects in the area of a local self-government unit from the northern or central region, apart from the Capital city of Podgorica, the funds for fostering investments may be awarded for investment projects, with a minimum investment value of 250.000 euros and which enable the employment of at least ten newly employed persons within the period of three years as of the day of concluding the agreement on use of funds. 

Potential investors have the opportunity to obtain funds in the amount of 3.000€ to 10.000€ per newly employed person, based on the evaluation of criteria defined by Decree on fostering direct investments. The funds for encouraging direct investment are provided in the state budget and can be used for financing investment projects providing new jobs and contribute to economic and regional development of Montenegro.

Applications for participation in the procedure shall be submitted to the Secretariat for development projects at the latest by 16th of May 2016 at 12:00 pm, a public opening of applications will be made at 12:15 pm in the Secretariat. Officials of the Secretariat for development projects will provide operational support during the application process. Decree on fostering direct investments, Public announcement and additional documentation can be downloaded at: www.srp.gov.me. 

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