For regional development in 2020, almost 812 million euros
For the regional development of Montenegro 811,987,995 euros are planned for this year, which is 11 million euros more than the planned last year.
This is envisaged by the Action Plan for the implementation of the Strategy of Regional Development of Montenegro for the period from 2014 to 2020, which was adopted by the Government on 15th October without holding a session.
The Government adopted the Report on the implementation of the Action Plan of the Strategy of Regional Development of Montenegro 2010-2014 for 2019, which states that in 2019, 86.4 percent of the plan was implemented and that a total of 696,990,626 euros were invested in the implementation of 571 development projects, programs and activities. 353.7 million euros (51 percent of the total investment) was invested in the northern region, 252.8 million euros (36 percent) in the central region and 90.4 million euros (13 percent) in the coastal region.
The Government has instructed the ministries of finance, sustainable development and tourism, agriculture and rural development, transport and maritime affairs, education, science, labor and social welfare, health, culture and foreign affairs, as well as the Investment and Development Fund and the Employment Agency of Montenegro to determine development projects, scope and type of measures and funds for their implementation, appropriate to the level of development of local self-government units, i.e. the region, with programs and plans adopted in accordance with the Law and Strategy of Regional Development of Montenegro.