Podgorica (MINA-BUSINESS) – The German Ministry for Economic Cooperation will spend this year 9.35 million euros on financing various projects in Montenegro, including the water supply project along the coast, an establishment of a credit-guarantee fund, the construction works along the Podgorica-Kula road and the development of a land register. Donations, a part of which will also finance the development of small and medium enterprises in tourism, have been defined in a Protocol on Cooperation, signed by German Minister Dominik Ziller and Montenegrin Finance Minister Miroslav Ivanisevic. Germany is also considering a donation to the Montenegrin power sector to directly finance electricity imports.