March 15 (SeeNews) - Montenegro will receive 81 million euro ($87 million) under the EU's Instrument for Pre-Accession Assistance (IPA) programme over the next seven years for the Business Registry Empowerment (BRE) Plus project, state-owned Tehnopolis Innovation and Entrepreneurship Center (IEC) said.
"Through the BRE project, a business register was created that will enable entities from Italy, Albania and Montenegro to build capacities, optimize operations, improve cooperation and introduce new products and services," IEC quoted Montenegro's secretary for European affairs, Milena Zizic, as saying during a seminar for micro, small and medium enterprises (MSMEs) on Tuesday.
Established in 2018, the BRE platform aims to connect business registries from the three countries, so that existing enterprises, start-ups, networks and clusters can be mapped and registered. The programme will help enhance cross-border business cooperation by facilitating information access, providing transparency and accuracy of data, reducing costs and strengthening efficiencies of MSMEs.
$ = 0.9318 euro