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A young country in transition

In May 2006, a very narrow majority of 55.5 % of Montenegrins voted to secede from Serbia. The Montenegrin parliament then declared the republic's independence. Montenegro covers an area roughly 13,000 km² in size and is thus much smaller than Schleswig-Holstein, but it has three different climate zones. Its population of 657,000 is made up of Montenegrins (43 %), Serbs (32 %), Bosnians (8 %) and Albanians (5 %).

Germany has been active in Montenegro since 1999 and is one of the most important donor countries. Collaboration revolves around bringing Montenegro closer to the European Union. KfW is mainly active in the energy sector (energy efficiency and renewable energy), in municipal infrastructure (water and sewage) and sustainable economic development (promoting micro, small and medium-sized enterprises, municipal credit lines).

Map of Montenegro with its capital Podgorica

Further information

Transparency Portal

Learn more about our projects in Montenegro and their results.

Read more


KfW Office Podgorica

Director KfW Office: Zeljko Uljarevic

Dzordza Vasingtona 23

81000 Podgorica



+38 220 22 81 70


+38 220 22 82 40