The predictability of the business environment is the most important factor that determines the volume of both domestic and foreign investments, both existing and new, as stated by Ratko Nikolić, the chief analyst of the Top Business Montenegro initiative and founder of BI Consulting.
Nikolić highlighted that the evaluation of business conditions is essential for addressing various challenges facing society. One of the key characteristics of a business environment is its predictability. He emphasized that while market conditions are inherently unpredictable, the regulatory environment and state policies should be made as predictable as possible to reduce uncertainty.
Economic analyst Mirza Mulešković pointed out that recent studies show minimal changes in Montenegro’s business environment, which continues to be hindered by systemic barriers. One major issue remains the rule of law, which should ensure stable regulations and equal treatment of all businesses.
Nina Drakić, the president of the Chamber of Commerce, emphasized that strategic policymaking, supported by clear priorities and stable regulations, is crucial for long-term competitiveness. This approach, she added, would attract investment that seeks security and predictability.
Nikola Perišić from Crnogorska komercijalna banka (CKB) stated that predictable business conditions are essential for financial institutions to support long-term investments and development.
The acting director of the Directorate for Competitiveness Enhancement in the Ministry of Economic Development, Anđela Gajević, mentioned that this year’s focus would be on incentive measures to strengthen domestic production, reduce foreign dependency, and foster technological innovation.
Professor Gordana Đurović from the University of Montenegro noted that Montenegro’s integration with the EU has not significantly accelerated economic convergence or foreign trade, and that unpredictability in legal and economic frameworks remains a barrier for investors.
Finally, Žarko Rakčević from Šajo Group highlighted the issue of unpredictability in tax policies, particularly in tourism, which has faced inconsistent regulations that negatively impact the sector’s development.
