SME Policy Index for Western Balkans and Türkiye 2026 – Economy Profile for Montenegro

Acronyms and abbreviations

ADR	Alternative dispute resolution
AI	Artificial intelligence
AILA	Artificial Intelligence Landscape Assessment
ATCG	Accreditation Body of Montenegro
AZK	Agency for Protection of Competition
AZLP	Agency for Personal Data Protection and Free Access to Information
BAN	Business angel network
BDS	Business Development Services
BERD	Business research and development
BSS	Business support services
BUR	Database of Development Services Baza Usług Rozwojowych
CAD	Canadian dollars (currency)
CBAM	Carbon Border Adjustment Mechanism
CBCG	Central Bank of Montenegro
CE	Circular economy
Cedefop	European Centre for the Development of Vocational Training
CEN	European Committee for Standardization
CGS	Credit guarantee scheme
CIT	Corporate income tax
CKB	Crnogorska Komercijalna Banka
CPRPPP	Commission for the Protection of Rights in Public Procurement Procedures
CRM	Customer relationship management
CRPS	Central Registry of Commercial Entities
DBM	Development Bank of Montenegro
DRR	Disaster risk reduction
EBRD	European Bank for Reconstruction and Development
EDIH	European Digital Innovation Hub
EEN	Enterprise Europe Network
EIA	Environmental impact assessment
EIF	European Investment Fund
EMAS	Eco-Management and Audit Scheme
EMP	Environmental management plan
ENIF	Enterprise Innovation Fund
ERP	Enterprise resource planning
ERPP	Electronic Registry for Public Procurement
ESG	Environmental, social and governance
ETS	Emissions Trading System
EU	European Union
EWS	Early warning system
FAPI	Small and Medium-sized Enterprises Training Fund (Italy)
GDP	Gross domestic product
GDPR	General Data Protection Regulation
GHG	Greenhouse gas
GII	Global Innovation Index
GPP	Green public procurement
GVC	Global value chain
HACCP	Hazard Analysis and Critical Control Points
HPC	High‑performance computing
ICT	Information and communication technology
IDF	Investment and Development Fund
IFC	International Finance Corporation
IRF	Investment and Development Fund
IFM	Innovation Fund of Montenegro
ILO	International Labour Organization
IoT	Internet of Things
IP	Intellectual property
IPA	Instrument for Pre-Accession
IPR	Intellectual property rights
ISME	Institute for Standardization of Montenegro
IT	Information technology
MNSE	Montenegro Stock Exchange
MP	Member of parliament
MPA	Ministry of Public Administration
MSME	Micro, small and medium-sized enterprises
NCC	National Competence Centre
NECP	National Energy and Climate Plan
NEET	Not in employment, education or training
NGO	Non-governmental organisation
NLB	New Ljubljana Bank
NP	National Partnership for Lifelong Entrepreneurial Learning
PARP	Polish Agency for Enterprise Development
PE	Private equity
PICE	Programme for Improving the Competitiveness of the Economy
PISA	Programme for International Student Assessment
PIT	Personal income tax
PPC	Public-private consultation
PPD	Public Procurement Directorate
PSC	Point of Single Contact
QI	Quality infrastructure
R&D	Research and development
RCC	Regional Cooperation Council
RIA	Regulatory impact assessment
SAFE	Survey on Access to Finance of Enterprises
SAP	Single Access Point
SEAF	Small Enterprise Assistance Fund
SIGMA	Support for Improvement in Governance and Management
SME	Small and medium-sized enterprise
SMP	Single Market Programme
SOE	State-owned enterprise
SSC	Social security contributions
STEM	Science, technology, engineering and mathematics
STP	Science and Technology Park
TIPS	TARGET Instant Payment Settlement
TNA	Training needs assessment
UNDP	United Nations Development Programme
UNDRR	United Nations Office for Disaster Risk Reduction
US	United States
VAT	Value-added tax
VC	Venture capital
VET	Vocational education and training
WBL	Work-based learning
WBT	Western Balkans and Türkiye