Europe Asia News

President Milatovic stated that the final adoption of the law represents another important step for the future of Montenegro’s economy.

He explained that the initiative to establish the fund emerged during his tenure as Minister of Economic Development, as a solution to a real problem faced by small and medium-sized enterprises and entrepreneurs: “These businesses often lack the necessary collateral to obtain loans, and banks are frequently unwilling to support them.”

Milatovic added that the Credit Guarantee Fund will provide tangible and continuous support for entrepreneurs, and that its purpose is to offer partial guarantees for loans granted by banks to small and new businesses.