Boris Mugoša, head of the SD parliamentary group and representative of the European Union, highlighted key issues affecting Montenegro’s economy. He stated that while the economy is growing, it is not developing due to a lack of institutional support.
Mugoša pointed out that micro-enterprises, which make up 93% of businesses and employ 41% of the workforce, are struggling, with their capital down by 25% since 2019. Additionally, the foreign trade deficit reached 3 billion euros in the first ten months of the year, with exports decreasing by 15% and imports rising by 6.3%.
The ease of doing business in Montenegro has declined, with the tourism sector receiving the lowest rating in 14 years. Furthermore, the budget for improving economic competitiveness has been reduced from six million to four million euros.
Mugoša emphasized the urgent need for a comprehensive development strategy, including structural reforms, to improve Montenegro’s liquidity, competitiveness and productivity.
