KEY MESSAGES

CHRISTOPH SCHOEN,

MFIC PRESIDENT (EXECUTIVE DIRECTOR OF ADDIKO BANK)

FOCUSED ON FUTURE GROWTH

We believe that the Montenegrin economy will continue to be strongly influenced by investments in the coming years, and that the Government will have a positive impact on the development of economic activities by implementing measures to consolidate public finances, optimise public administration an implement measures recommended by the White Book

We can state with satisfaction that the central bank reacted appropriately under the conditions of heightened uncertainty caused by the COVID-19 pandemic and succeeded in preserving the balance between supporting the economy and the population while preserving the banking system’s health

JAKOV MILATOVIĆ,

MONTENEGRIN MINISTER FOR ECONOMIC DEVELOPMENT

ECONOMIC DIVERSIFICATION IS OUR IMPERATIVE

The Montenegrin economy is awaited by full recovery in the following period, on the basis of the government’s strong reform processes, new investments, economic diversification and improving living standards

RADOJE ŽUGIĆ,

GOVERNOR OF THE CENTRAL BANK OF MONTENEGRO

WE PRESERVED ECONOMIC STABILITY

TAMARA SRZENTIĆ,

MONTENEGRIN MINISTER OF PUBLIC ADMINISTRATION, DIGITAL SOCIETY AND MEDIA

WE’RE RUNNING A MARATHON, NOT A SPRINT

INCREASING ECONOMY’S COMPETITIVENESS KEY TO RESILIENCE

A strategic imperative of the Government of Montenegro as a whole, and the Ministry of Public Administration, Digital Society and Media in particular, is the creation of an optimal and efficient public administration that will provide citizens and businesses with the best service, and we will achieve all of that through a reform in which the optimising of public administration and the digitalisation process unfold simultaneously

The EBRD stands ready to support Montenegro in its transition to a more resilient, greener and more digitalised economy. In doing so, it focuses strongly on providing support to the SME sector, which was hit hard by the crisis and needs to strengthen its operations

CHRISTOPHER SHELDON,

WORLD BANK COUNTRY MANAGER FOR BOSNIA-HERZEGOVINA AND MONTENEGRO

THREE PILLARS OF STABILITY AND GROWTH

The strength and resilience of the economic recovery over the medium term depends on the government’s growth strategy. The first cornerstone is financial sector stability. The second requires making health, education and social protection services more inclusive and efficient, and the third cornerstone is better natural resource management

REMON ZAKARIA,

EBRD HEAD OF OFFICE FOR MONTENEGRO

DAVID MARGASON,

MFIC BOD MEMBER, MANAGING DIRECTOR OF PORTO MONTENEGRO

TOURISM WILL CONTINUE TO PROSPER

TECHNOLOGICAL DEVELOPMENT IS OUR FUTURE

I expect to see a more creative approach of the Government to economic development, with policies linked well, to each other and to land-use planning and foreign investment incentives. We look forward to the greater use of public-private partnerships, for delivering funds and also for the execution of projects

An indispensable element of encouraging economic growth based on technological innovation is the introduction of 5G to Montenegro. It is essential to secure an adequately stimulating and pro-investment business environment for its implementation, which will enable further technological development

NELA VITIĆ,

MFIC BOD MEMBER, OCEAN MONTENEGRO CEO

WE NEED TO RECOGNISE OUR POTENTIAL AND USE IT WELL

We are encouraged by the inclusive approach to work on the Digital Transformation Strategy, as well as the readiness of all participants – from the public and private sectors and the academic and scientific communities – to provide their maximum contribution to achieving a common good

IVAN RADULOVIĆ,

MFIC EXECUTIVE DIRECTOR