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Vujica Lazović, Deputy Prime Minister and Minister for Information Society

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Vujica Lazović, Deputy Prime Minister and Minister for Information Society Vujica Lazović, Deputy Prime Minister and Minister for Information Society and Telecommunications of Montenegro ■ Vladimir Kavarić, Minister of Economy of Montenegro ■ Ivan Brajović, Minister of Transport and Maritime Affairs of Montenegro ■ Petar Ivanović, Minister of Agriculture and Rural Development of Montenegro ■ Pavle Goranović, Minister of Culture of Montenegro ■ Aleksandar Andrija Pejović, State Secretary at the Ministry of Foreign Affairs and European Integration – Chief Negotiator for Montenegro’s EU Accession ■ Milojica Dakić, Governor of the Central Bank of Montenegro ■ Velimir Mijušković, President of the Montenegrin Chamber of Economy ■ Miloš Jovanović, Director of the Montenegrin Investment Promotion Agency ■ Ruediger Schulz, President of the Montenegrin Foreign Investors Council MONTENEGRO BUSINESS SECTOR 2015 Bjelasica is one of Montenegro's most beautiful The cave in Đalovića Gorge near Bijelo Polje is one of the mountains, with excellent opportunities for skiing most beautiful caves in the world. Speleologists are still discovering its underground passages The Printing House of When senior foreign officials are CrnojevićI was built in 1492 received in Cetinje, they are officially and had great importance saluted by the Honour Guard for Montenegrin culture Kotor, Montenegro’s most-visited destination, has UNESCO World Heritage site status Famous cheeses from Njeguši, made exclusively in the area around Njeguši, are genuine contributions to Montenegrin cuisine Montenegro has 29 glacial mountain lakes . The most famous are At the UNCED conference (in Brazil in Crno Jezero on Mount Durmitor, Plavsko, which sits at the foot of Bojana is the only river in the 1992), Montenegro was declared the first Visitor Mountain and Biogradsko on Bjelasica Mountain world that runs upstream environmental state in the world MONTENEGRO CONTENTS BUSINESS SECTOR 2015 6 SUCCESSES THAT 24 MONTENEGRIN 43 EVERY SECOND OBLIGE CULTURE IN TOURIST FLIES EDITOR Comment THE EUROPEAN TO MONTENEGRO Ana Novčić MAINSTREAM WITH US [email protected] 8 ACCEPTING PAVLE GORANOVIĆ ŽIVKO BANJEVIĆ DESIGN EUROPEAN Minister of Culture of Montenegro Airlines CEO Jelena Rmandić STANDARDS Montenegro j. [email protected] VUJICA LAZOVIĆ PH.D 44 PARTNERSHIP PHOTOS Deputy Prime Minister and 28 EXCELLENT THAT BRINGS aim archive Minister for Information Society INTEGRATION VALUE TRANSLATORS and Telecommunications of RESULTS DUŠKO KNEŽEVIĆ Snežana Bjelotomić Montenegro ALEKSANDAR ANDRIJA Atlas Group President LECTURE PEJOVIĆ Mark Pullen, [email protected] State Secretary at the Ministry PROJECT MANAGERS of Foreign Affairs and European Biljana Dević Integration; Chief Negotiator [email protected] for Montenegro’s EU accession Maja Vidaković [email protected] negotiation Aleksandra Ebilji [email protected] Mila Oreščanin [email protected] 12 ON THE RIGHT TRACK 46 IMPROVING VLADIMIR KAVARIĆ THE BUSINESS EXECUTIVE DIRECTOR Ruža Ristanović Minister of Economy of CLIMATE [email protected] Montenegro RUEDIGER SCHULZ GENERAL MANAGER MFIC President and CEO Ivan Novčić of Crnogorski Telekom [email protected] 32 REVIVAL OF FINANCIAL DIRECTOR ECONOMIC ACTIVITY Gordana Obradović MILOJICA DAKIĆ [email protected] Governor of the Central Bank EDITORIAL MANAGER of Montenegro Tanja Banković [email protected] 16 SUSTAINABLE 36 GOVERNMENT OFFICE MANAGER INFRASTRUCTURE AND CHAMBER Nataša Nešić [email protected] DEVELOPMENT COOPERATING 49 GREAT IVAN BRAJOVIĆ SUCCESSFULLY POTENTIAL PRINTING Minister of Transport and VELIMIR MIJUŠKOVIĆ Economy Službeni glasnik Maritime Affairs of Montenegro President of the Chamber Montenegro of Economy of Montenegro 52 TWENTY Business Sector 2015 Published by: 20 CHANCES ARE SUCCESSFUL alliance international media THERE FOR US YEARS TO UTILISE SNEŽANA PEROVIĆ Makenzijeva 67, 11111 Belgrade 17, PAK 126909, Serbia PETAR IVANOVIĆ Director of Hemomont Phone: +(381 11) 2450 508 Minister of Agriculture and Fascimile: +(381 11) 2450 122 mi povezujemo ljude u evropi E-mail: [email protected] Rural Development of 54 DEVELOPMENT www.allianceinternationalmedia.com Montenegro IN LINE WITH GLOBAL ISSN no: 1451-7833 TRENDS Izaberite dnevnu ili nedjeljnu kartu i surfujte bezbrižno! All rights reserved alliance international media 2015 40 CREDIBLE PARTNER ZORAN SEKULIĆ www.telekom.me/roming THIS PUBLICATION IS FREE OF CHARGE FOR INVESTORS Executive Director of MILOŠ JOVANOVIĆ the Agency for Electronic CEO of the Montenegrin Communications and Investment Promotion Postal Services of Agency (MIPA) Montenegro 4 | MONTENEGRO BUSINESS SECTOR 2015 COMMENT Successes that OBLIGE ontenegro is reaping the benefits of a deliberate policy while on the list of the Fraser Institute it has improved from a rank and economic reforms and has reason to believe that it of 49th to 38th and according to the standards of the World Economic is on a stable path of progress, but there is no room to Forum, which ranks countries according to competitiveness, it has Mrelax in the face of new challenges. advanced from 72nd to 67th place among 148 ranked countries. Unlike many other countries that have recorded recent stagna- It would be good if these developments were also noted in the tion or only cursory economic growth, Montenegro has behind White Book of the Foreign Investors Council - which concluded it and, more importantly, in front of it, figures that show positive in its latest sixth edition that the investment climate and business economic conditions. environment in Montenegro have not significantly changed in the Many external and internal factors contribute to this result: last year compared to the previous one. Montenegro has taken seriously the opportunity provided to the Ambitious infrastructure projects of a regional character – in the countries of the region by the “Berlin Initiative” and participates spheres of transport, energy and intensive investment in the tourism actively in initiatives aimed at strengthening political and economic sector – represent the single most important factor, with a 20 per cent stability, as well as engaging in cross-border infrastructure projects share of GDP, while incentives for the processing industry – based on in the region – as part of the broader European integration process a stable macroeconomic situation and backed by political stability – that formed the basis to attract capital to the Western Balkans. provide the basis to conclude that Montenegro is on the right track. Its European perspective is the fruit of dedicated long-term work However, that doesn’t mean that political and economic decision on European integration, acknowledging the fact that Montene- makers find themselves on a road without obstacles. Large infra- gro has opened 20 EU accession ne- structure projects provide a powerful gotiation chapters and provisionally Each success achieved by the impetus for the development of other closed two of them, with the possi- Government of Montenegro parts of the economy, but also present bility for even faster future progress serious challenges when it comes to in this politically, professionally and in the previous period is maintaining a low budget deficit and financially demanding process. The transparent and measurable: sustainable trade balance. This is a high chance of joining NATO also from economic growth, via the particular problem because, as was contributes to the understanding of pace of European integration, well detected by the Government of Montenegro as a factor of stability in Montenegro, the country lacks wider, the region and a destination that is a to the improvement of the stronger and more diversified produc- safe haven for business. business climate tion, especially for export. Although The commitment to reform is also Montenegro is a small country, the visible in the documents on long-term policies in the spheres of examples of equally small economies show that it can be much monetary, fiscal and economic development and the sphere of more successful in the production of goods and services with high everyday life – in the implementation of measures that lead to the added value, which is still a rarity in Montenegro. The agriculture improvement of the business climate. sector, which is slowly changing, and the energy sector where, in Montenegro’s advantage lies in the fact that its progress can be addition to using domestic energy resources, Montenegro has an documented: via economic growth forecasts of international finan- opportunity to become a regional hub for the transfer of energy cial institutions, progress in European integration and progress on all from the Balkans to the EU, represent opportunities that should be relevant ranking lists that measure economic freedom, improving the taken advantage of, while tourism – potentially the most important business climate and competitiveness. On the World Bank’s “Doing export branch, according to the examples in the neighbourhood – is Business” list, Montenegro has advanced eight places in one year, extremely sensitive to political, economic and climatic turbulence. from 44th to 36th place. According to economic freedom measured In other words, accomplishments to date cannot be used as an by the Heritage Foundation, it has progressed from 68th to 66th place, excuse to relax. 6 | MONTENEGRO BUSINESS SECTOR 2015 INTERVIEW ■ In this context, how do you see the role of Montenegro, work of all departments. We have collaborated for years with ex- which is the most advanced in the European integration pro- perts from the Energy Community and they were involved in all cess among
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