In May 2006, the population of Montenegro voted with a majority of 55.5% for the separation from Serbia. The Montenegrin parliament then declared the independence of the republic. Montenegro covers almost 13,000 square kilometres and is thus half the size of Belgium but has three climate zones. The 623,000 inhabitants are composed of Montenegrins (43%), Serbs (32%), Bosnians (8%) and Albanians (5%). Germany has been involved in cooperation with Montenegro since 1999 and is one of the most important donor countries. Cooperation aims to support Montenegro in its rapprochement with the European Union. KfW is mainly active in the energy sector (energy efficiency and renewable energies, power transmission) and in municipal infrastructure (water and sanitation).
KfW Office Podgorica
Director KfW Office: Zeljko Uljarevic
Dzordza Vasingtona 23
Phone: +38 220 22 81 70
Fax: +38 220 22 82 40