Western Balkans

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence.

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Development Fund of the Republic of Montenegro

Acronym

FZRCG

Description

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.

Country

Madagascar

Website

http://www.fzrcg.cg.yu/

Contact details

E-Mail: fzrcg@cg.yu
Country:Madagascar

Geographical focus

Montenegro

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

Western Balkans Info Hub - powered by "Policy Answers" - is funded by the European Commission through the Horizon Europe project "R&I policy making, implementation and support in the Western Balkans", grant agreement: 10105887. The portal builds upon previous initiatives, such as for instance WBC-RTI.INFO and WBC-INCO.NET, which were funded under different Framework Programmes (FP) for Research and Technological Development (RTD) of the European Commission and other contracts.

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