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Montenegro’s Investment Climate Evaluated in Latest White Book

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The Montenegrin Foreign Investors Council (MFIC) has unveiled the “White Book – Investment Climate in Montenegro 2023,” which marks the thirteenth issue of this influential publication. 

Contributed to by 43 MFIC members, who collectively generate over 30% of Montenegro’s GDP, the report assesses the business environment, pointing out persistent challenges and providing a quantitative measure through the ease of doing business index.

Tamás Kamarási, President of the MFIC, highlighted the meticulous approach taken in gathering data, yet noted a concerning trend with the ease of doing business index dropping to 6.4 for the second year running. Sectors such as tourism, trade, and manufacturing have seen declines, whereas the banking sector shows notable improvements.

The report’s revelations have not gone unnoticed by government officials. Novica Vuković, Montenegro’s Minister of Finance, has expressed the government’s commitment to scrutinize the MFIC’s recommendations closely. Vuković emphasized the importance of enhancing the business climate to attract and retain credible foreign investments and support sustainable business practices.

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The 2023 White Book also introduces a new approach to evaluating specific indices and a detailed look at factors influencing business ease across all observed sectors. It sets out five key areas for potential improvement and rates the level of investor participation in decision-making, aiming to shape future government policies and fortify Montenegro’s economic framework.

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