Prime Minister in interview: Public finance consolidation can be achieved through implementation of development projects in key areas

Podgorica, Montenegro (13 December 2013) – In his interview for the national Radio Television of Montenegro on Thursday evening, Prime Minister Milo Đukanović spoke, among other things, about investment climate in Montenegro and its impact on the country's econmic growth.

Key investors in the fields of tourism, energy, infrastructure and food production, according to the Prime Minister, are encouraged by the Montenegrin Government’s policy concerning foreign investment and voiced willingness to speed up the implementation of their projects.

He reiterated that the Government has been pursuing a responsible policy related to the consolidation of public finances. The balance of finances has to be ensured, and that goal cannot be achieved only through reducing spending, PM Đukanović pointed out.

“Our interest is to achieve that balance through the elimination of the budget deficit and need for concluding further loan arragements. That is why we are determined to speed up the implementation of major development projects in the key areas such as tourism, energy and infrastructure.”

It implies the announcements of investments worth EUR 600 million in 2014, meaning new economic growth for Montenegro and elimination of a number of crisis taxes.

The Prime Minister concluded by emphasising that "this year’s growth of 2.5% will be the lowest one in the four-year period,” adding that “each next year will see higher growth of Montenegro’s economic activity.”