Nikola Fabris was born on 21 March 1971 in Budva and has Montenegrin nationality. After completing his elementary education in Budva and grammar school in Belgrade, he graduated from the Faculty of Economics at the University of Belgrade in 1994. He obtained an MA in Economics in 1998, and a PhD in Economics in 2002, both from the same institution.

In the period 1994 -2007 Nikola was a Researcher – Assistant at the Economic Instutute Belgrade and since1995 he becomes Professor at the Faculty of Economics of the University of Belgrade.  From 2004-2013 Nikola was on the possition of the Chief Economist of the Central Bank of Montenegro and since 2013 dr Nikola Fabris is a Vice-Governor of the Central Bank of Montenegro.