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A young country in transition

In May 2006, the population of Montenegro voted with a wafer-thin 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 considerably smaller than Schleswig-Holstein, but has three climate zones. The 657,000 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), municipal infrastructure (water and sanitation) and sustainable economic development (promotion of micro, small and medium-sized enterprises, municipal credit lines).

Local office

KfW Office Podgorica

Director KfW Office: Zeljko Uljarevic
Dzordza Vasingtona 23
81000 Podgorica

Phone: +38 220 22 81 70
Fax: +38 220 22 82 40

Transparency Portal

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