MFIC Montenegrin Foreign Investors Council 2021

Page 42

WHITE BOOK

The Pandemic Exposed The Montenegrin Economy’s Vulnerability

We cannot undo the damage caused in the past, but it is up to us to give our all for us to emerge from the crisis as soon as possible. That’s why we should focus on removing barriers to doing business and jointly combating the virus

T

he country fell significantly on the Ease of doing business index last year compared to 2019, as a result of the coronavirus pandemic that impacted negatively on the Montenegrin economy and tourism sector, noted Monte-

negrin Foreign Investors Council President Christoph Schoen. Speaking at the presentation of the 11th edition of the annual White Book, Schoen said that last year had been characterised by huge challenges that were caused directly by

42 | MONTENEGRIN FOREIGN INVESTORS COUNCIL 2021

the global crisis in response to the pandemic, but which had existed before and had only sharpened. “Coming to the fore in particular was the vulnerability of the Montenegrin economy caused by its strong focus on tourism, so it’s


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