WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Agricultural Policy Measures
- Economy name
- Montenegro
- ID
- M19
- Incentive name
- Agricultural Policy Measures
- Brief description
- The conditions, manner and dynamics of the implementation of the agrarian policy measures established by the Strategy for the Development of Agriculture and Rural Areas until the beginning of the fiscal year are regulated in more detail by a Government regulation (hereinafter: the Agricultural Budget). The agricultural budget contains planned funds for individual agricultural policy measures; conditions and criteria for the use of incentive measures established by this law; method of control in the implementation of agrarian policy measures; method of monitoring and evaluating the effects of agricultural policy measures; method and procedure for awarding incentives; measures to eliminate established irregularities in the use of incentive funds. The agricultural budget is published in the "Official Gazette of Montenegro".A. Market-price policy is implemented by implementing 1) market stabilization measures (foreign trade traffic; intervention measures in internal traffic) and 2) direct payments to agricultural farms (measures that directly affect the income of agricultural farms). B. The policy of rural development is implemented by implementing the following groups of measures: measures to strengthen the competitiveness of food producers; measures for sustainable management of agricultural resources; measures to improve the quality of life and expansion (diversification) of economic activities in rural areas; leader projects for the development of rural areas.
- Legal reference name
-
"LAW ON AGRICULTURE AND RURAL DEVELOPMENT
("Official Gazette of Montenegro", no. 56/2009, 18/2011 - Dr. Law, 40/2011 - Dr. Law, 34/2014, 1/2015, 30/2017 and 51/2017 - Dr. law)"
- Legal reference
law section / article -
Article 8
"(1) Agrarian policy measures are established to achieve the goals from Article 3 of this law.
(2) Agricultural policy measures include, in particular:
a) market-price policy;
b) rural development policy;
c) affairs of public interest;
d) social transfers to family farms."
- Incentive group
- Financial
- Incentive category
- Subsidy
- Economy-wide/Sector-specific
- Sector-specific
- Sector (Simplified)
- Agriculture
- Sector (NACE)
- A AGRICULTURE, FORESTRY AND FISHING
- Size of firm that can use incentive
- All sizes of firms
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Any
- Incentive location
- General
- Main objective of the incentive
- Green transition
- In case of grant, share of grant in investment (in %)
- Contact Info
- Street “Roma Square" No.46, 81000 Podgorica
- Weblink to Incentive information in English
- Click to open
- Weblink to Incentive information in local language
- Click to open
- Eligibility criteria
description - Direct payments can be made based on the following criteria: a) per hectare of agricultural land; b) per head of livestock or livestock unit; c) per unit of agricultural products; d) per unit of input into agricultural production. Direct payments can also be awarded to processors of agricultural products based on established criteria and conditions. More detailed criteria and conditions for the realization of direct payments are determined by the Agricultural Budget. Measures to strengthen the competitiveness of food producers include a) encouragement of investments in primary agriculture, b) incentive for modernization and restructuring of the processing industry; c) encouragement of investments for the implementation of land policy (improving the use and quality of agricultural land, increasing the size of family farms and preventing the fragmentation of holdings); d) introduction of international standards and improvement of quality in the production and processing of agricultural products; f) incentive to establish and connect producer organizations; encouragement of agricultural producers. The conditions and manner of implementation of the aforementioned measures are determined by the Agricultural Budget.
- Eligibility criteria
weblink - Click to open
- Awarding Authority (Name)
- Ministry of Agriculture, Forestry and Water Management
- Application procedure + Weblink (where available)
- Aplications are submited in a physical form and the decision takes from 3 to 10 months. The allocation procedure depends on the type of measure and the type of support (50 different programs and measures are foreseen in the Agricultural Budget), given that it includes both administrative analysis and field control. Financial support is implemented in the fiscal year
- Implementing Authority (Name)
- Ministry of Agriculture, Forestry and Water Management