The effective execution of the Just Transition Initiative for Pljevlja, which focuses on the transformation of the Pljevlja Coal Mine (RUP), necessitates additional financial and collaborative support, as stated by RUP Executive Director Nemanja Laković.
In a discussion with Yngve Engstroem, Head of Cooperation at the EU Delegation to Montenegro, Laković introduced 12 specific business concepts accompanied by strategic development plans. He pointed out that although the project benefits from backing by the state-owned utility EPCG and positive collaboration with various institutions, further investment strategies are critical.
“Our aim is to secure initial capital so these enterprises can thrive based on market-driven principles,” Laković remarked, emphasizing their potential for long-term sustainability and job creation. He identified the IT sector as a vital area for growth, which requires enhanced infrastructure and a skilled workforce.
Engstroem commended the initiative and reaffirmed the EU’s commitment to supporting green transition projects in fields such as IT, renewable energy, agribusiness, and transportation. He highlighted that over €80 million in EU funding is accessible for Montenegro’s green and just transition as part of the EU Growth Plan for the Western Balkans.
He emphasized the necessity of connecting public investments to EU funding, workforce training, and attracting private investments — including from the Montenegrin diaspora.
Participants concurred on the importance of fostering robust local partnerships, improving investor collaboration, and simplifying administrative processes. The execution of the EU Growth Plan will be pivotal, complementing existing initiatives aimed at supporting energy transition, human capital development, and enhancing the business climate.