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2 clusters · 2 sources · 16 days · First seen · Last updated

Montenegro maritime and fire safety equipment financing

Overview

The Montenegrin Ministry of Finance entered negotiations with Erste Bank for a €13 million credit arrangement to acquire critical safety equipment. The proposed funding was intended to cover a multifunctional tugboat for the Port Authority of Montenegro to improve navigation in the Bay of Kotor, and an Air Tractor AT-802 firefighting aircraft for the Ministry of Internal Affairs.

By November, the credit arrangement was finalized. The total 13 million euro loan consists of two separate agreements: 8 million euros for the maritime tugboat and 5 million euros for the firefighting aircraft. The finalized terms include a 48 month principal repayment period with semi-annual installments and a fixed annual interest rate of 4 percent.

Entities

Ministry of Finance of Montenegro · Bay of Kotor · Erste Bank · Ministry of Internal Affairs · Ministry of Internal Affairs of Montenegro

Timeline

  1. [BUSINESS] 2 sources
    Montenegro secures 13 million euro loan for maritime and fire safety equipment

    Montenegro has agreed to a 13 million euro loan with Erste Bank to purchase a tugboat for the Bay of Kotor and a firefighting aircraft.

  2. [BUSINESS] 3 sources
    Montenegro negotiates €13 million loan for maritime and fire safety equipment

    Montenegro is negotiating a €13 million loan with Erste Bank to purchase a tugboat for the Bay of Kotor and a firefighting aircraft for the Ministry of Internal Affairs.

Sources

bizniscg.me · sjevercg.me