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NewsMontenegro ready to harmonize its Euro-Atlantic priorities with economic ones

Montenegro ready to harmonize its Euro-Atlantic priorities with economic ones

Despite the unstable global trends caused by the war in Ukraine, Montenegro managed to preserve a relatively stable economic and monetary policy and the competitiveness of the business environment, as well as to additionally strengthen ties with the region, it was assessed at a meeting in the Ministry of Finance.

The team of the Ministry and the Central Bank (CBCG), headed by Minister Aleksandar Damjanović, met today with the representatives of Bank of America (BofA), i.e. the directors for developing markets from Paris and research for the CEEMEA region from London, Miloš Starović and David Hauner , the bank’s directors in the research departments from Dubai, Vladimir Osakovskiy, and for credit risk, Bruce Gomma, as well as representatives of the largest European and American investors.

“The visit of the regional management team of BofA was organized as part of a tour of the countries of the Western Balkans, with the aim of familiarizing potential investors with the overall macroeconomic and fiscal framework of our country, with an emphasis on areas of strategic importance for the development of the Montenegrin region that are attractive for investment,” it states. In the statement.

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Damjanović, referring to the parameters that define the investment climate in Montenegro, presented that the Montenegrin economy is small, open and flexible, and that the center of economic activity is based on tourism, while the potential for faster growth and development is recognized in the fields of energy and transport. And information technologies.

In the context of infrastructure, as pointed out by Damjanović, Montenegro has an attractive geographical position that enables good land and sea connectivity, and which, with the modernization of the railway and the completion of the highway, can become a new transit hub for this part of Europe.

Damjanović said that today’s meeting is proof that Montenegro wants to harmonize its Euro-Atlantic priorities with economic ones, and to strengthen the Montenegrin economy with new partnerships with respectable investors from American soil.

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