More predictable and attractive business environment necessary

Podgorica, (MINA-BUSINESS) – President of Montenegro Jakov Milatovic has said that he expects the Government to continue implementing reform policies to create a more predictable and attractive business environment.

According to a press release issued by his Office, Milatovic met with representatives of the Montenegrin Foreign Investors Council (MFIC), who presented a strategy for the period until 2026, defining a more active role for the Council in improving the business environment in the country.

The strategy has been prepared in collaboration with Boston Consulting Group (BCG), one of the three largest global strategic consulting companies.

“Milatovic stated that support from the European Union countries for Montenegro to become the next member had never been greater, which is why he expected from the Government to continue implementing reform policies to create a more predictable and attractive business environment,” the press release reads.

He welcomed the engagement of MFIC in contributing to the development of a better investment and business environment through concrete proposals to relevant authorities.

The MFIC representatives who attended the meeting were President of the Council Tamas Kamarasi, Executive Director of Adriatic Marinas – Porto Montenegro David Margason, Head of the European Bank for Reconstruction and Development Office in Montenegro Remon Zakaria, Executive Director of Jugopetrol Vasilis Panagopoulos, Executive Director of One Branko Mitrovic, and MFIC Executive Director Arijana Nikolic.

They reminded that SSICG was celebrating its 15th anniversary this year.

“In addition to significant business results, member companies have made a crucial contribution to the development of the business environment throughout this period by promoting the highest standards of corporate governance and principles of sustainability and social responsibility,” the press release said.

According to them, the MFIC strategy paves the way for further progress and diversification of the Montenegrin economy based on attracting credible foreign investors.

“Focus should be placed on green transition, strengthening and valorization of the human capital, as well as closer cooperation between decision-makers and the business community,” the press release stated.