During a consultative hearing on prices in retail chains, held as part of a session of the Committee for Economy, Finance and Budget, the Minister of Economic Development, Nik Đeljošaj, stated that throughout the functioning of the government, efforts have been made on this issue.
“I just want to emphasize that the rise in inflation in Montenegro was something that happened before the 44th government. The highest inflation growth occurred between 2021 and 2023. Various factors influenced this, and the impact within Montenegro was minimal. We inherited this situation, and in the year or so since the government began, we have implemented measures that were possible. I believe that data for 2024 will show economic growth in Montenegro and, at the same time, an increase in company profits, which is a very positive message for us,” said Đeljošaj.
The minister further highlighted that interventions were made in the market.
“Although we know these are not popular measures, we were forced to take them in order to protect citizens’ standard of living, particularly in the area of basic products that citizens need. This initiative started early last year and continues today. All indicators from this action show that we succeeded in stopping the rise in inflation and halting the increase in prices of the most basic products,” Đeljošaj added.
He stated that the government will continue with this action.
“What we see is good for citizens; we don’t see a significant threat to our economy. I believe we should continue cooperating with the Chamber of Commerce and the Employers’ Association, re-engage in dialogue, and see what opportunities exist to maintain the price levels of basic life necessities,” said Đeljošaj.
He also mentioned that a coordinating body had been formed to influence the prices of medicines.
“As you already know, there is a law in the parliamentary procedure that will allow us to intervene in the prices of over-the-counter medicines. With this body, we can limit the prices of non-prescription medicines. Of course, we are here today to open the dialogue and hear any suggestions or ideas. Ultimately, we aim to find a common conclusion on whether we can work together to reduce prices without endangering the economy, the state budget, or our collective strategy to assist the most vulnerable social groups in society,” concluded Đeljošaj.
