Development Fund of the Republic of Montenegro

The Development Fund of the Republic of Montenegro was founded in 1995 during the process of proprietary and managerial transformation of economy in Montenegro.The Mission of the Fund is to foster economic growth of the Republic of Montenegro through the development of private businesses and promotion of entrepreneurship; ownership and management restructuring of enterprises and national economy in general; and the development of the capital market and corporate culture.The Development Fund earns its income primarily by selling shares from its portfolio, collecting dividend from profitable companies and interest from loans approved to SMEs, which means that whole income is of non-budgetary type.
Contact details
E-Mail: fzrcg@cg.yu
Geographical focus
  • Montenegro

Entry created by Elke Dall on July 15, 2008
Modified on July 15, 2008