The European Bank for Reconstruction and Development (EBRD) has announced an investment of up to €25 million in Voli Trade, Montenegro’s largest food retail company, to support the development of a modern logistics and distribution centre in Podgorica. This investment aims to enhance Voli’s operational efficiency, accelerate its digital transformation, and strengthen the company’s long-term commitment to sustainability and inclusion.
The upcoming facility will cover 25,600 m² and will incorporate advanced energy-efficiency technologies designed to exceed Montenegro’s national energy performance standards. The centre will serve as a critical hub for improving supply chain management, streamlining operations, and supporting the company’s expansion across the country.
As part of the investment, the EBRD will provide technical assistance focused on digitalisation and cybersecurity. This includes support for the implementation of modern warehouse and vendor management systems, as well as piloting cybersecurity solutions to reinforce Voli’s digital resilience. Additionally, the investment will fund an internship programme aimed specifically at women, addressing gender underrepresentation in the sector and promoting equal career opportunities.
Commenting on the investment, Tamara Tosic, EBRD Regional Head of Food and Agribusiness for South-Eastern Europe, said: “Our investment supports Voli as it scales up its operations and strengthens its platform for long-term growth. Enhancing distribution infrastructure and data-driven capabilities is central to building resilient and competitive food retail businesses across the region.”
Remon Zakaria, EBRD Head of Montenegro, added: “This investment marks a new chapter in our partnership with Voli. By supporting the construction of a modern logistics centre and advancing digital and green standards, we are helping Voli strengthen its competitiveness, drive sustainable growth and set new benchmarks for the retail sector in Montenegro.”
Sharing his perspective, Dragan Bokan, Chairman of Voli Trade, said: “The contract we signed today is a strong incentive not only for Voli, but for the overall development of a modern, competitive retail sector in Montenegro. Our cooperation with a respected institution like the EBRD is more than financial support—it confirms that Voli meets the highest European standards and is a reliable long-term partner. It also sends a clear message that Montenegrin companies, when run strategically and responsibly, can align with European trends and attract high-quality investment. I would like to thank the EBRD for nearly two decades of trust and partnership, built on professionalism, respect, and a shared commitment to sustainable and responsible growth.”
Voli Trade currently operates 80 multi-format stores across Montenegro, making it the country’s leading food retailer. The EBRD continues to be a major institutional investor in Montenegro, having invested more than €1 billion through 105 projects to date.
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