Commissioner says EU looking at ways to help Montenegro repay China debt


Source: intellinews.com intellinews.com

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Commissioner says EU looking at ways to help Montenegro repay China debt By Denitsa Koseva in Sofia April 18, 2021 The European Union is exploring options to help Montenegro to repay its debts and reduce financial risks arising from past loan arrangements, the Enlargement Commissioner Oliver Varhelyi wrote on Twitter. His statement comes after other officials indicated that the EU cannot help Podgorica repay its Chinese loan taken out by the previous government for the construction of the first priority stretch of the Bar-Boljare motorway. At the end of March, Montenegro’s Deputy Prime Minister Dritan Abazovic said the government had...