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KfW to invest 25.5 mln euro in vocational education projects in W. Balkans

Author Radomir Ralev
KfW to invest 25.5 mln euro in vocational education projects in W. Balkans KfW German Development Bank Source: kfw.de

PODGORICA (Montenegro), December 13 (SeeNews) – Germany's development bank KfW has signed an agreement with the Western Balkans 6 Chamber Investment Forum (WB6 CIF) to invest 25.5 million euro ($28.5 million) in vocational secondary education projects in the Western Balkans, the Montenegrin Chamber of Commerce said.

The chamber said in a statement earlier this week that it will be coordinator of the project and the contract for its implementation was signed in Podgorica on December 10.

"Through the project we will connect vocational education institutions with the needs of the labour market. KfW is an actor that reaffirms the German government's commitment to supporting this regional process," the director of KfW for Southeast Europe and Turkey, Christoph Tiskens, said in the statement.

The WB6 CIF was established in August 2015 by the chambers of commerce of Serbia, Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro, Slovenia and Croatia with the support of the Austrian Federal Economic Chamber (WKO) and the Association of German Chambers of Commerce and Industry (DIHK).

($ = 0.894561 euro)

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