Gjeloshaj: Easier access to financing – a new opportunity for small and medium enterprises

Montenegro has taken another significant step toward strengthening its economic resilience and supporting the private sector. With the adoption of the Law on the Credit Guarantee Fund, new opportunities are opening up for the Montenegrin economy. This marks a strategic move toward creating a more favorable business environment – especially for small and medium-sized enterprises (SMEs), which are the backbone of the country's continued economic growth and development.

What does this law mean for the Montenegrin economy in practical terms?

• Greater access to financing for launching and expanding businesses;
• Reduced financial barriers and shared risk between banks and entrepreneurs;
• Strengthened domestic competitiveness and the creation of new jobs;
• Support for young entrepreneurs, startups, and women in business.

The Law on the Credit Guarantee Fund represents a new opportunity for faster and more secure economic development in Montenegro, creating better conditions for doing business and ensuring long-term economic stability.

Nik Gjeloshaj
Deputy Prime Minister for Economic Policy and Minister of Economic Development