# Montenegro maritime and fire safety equipment financing

> Developing situation record from CLSTR: https://clstr.news/situations/montenegro-maritime-and-fire-safety-equipment-financing
> Updated: 2026-11-07T13:30:24.000Z. Sources: 2. Developments: 2.

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.

## Timeline

### 2026-11-07: 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 sources. https://clstr.news/cluster/montenegro-secures-13-million-euro-loan-for-maritime-and-fire-safety-equipment

### 2026-10-23: 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.

3 sources. https://clstr.news/cluster/montenegro-negotiates-13-million-loan-for-maritime-and-fire-safety-equipment

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Cite as: Montenegro maritime and fire safety equipment financing. CLSTR, https://clstr.news/situations/montenegro-maritime-and-fire-safety-equipment-financing