- Government of Montenegro
Montenegro’s economic potentials presented at the ...
Montenegro’s economic potentials presented at the "Impulse" event
Deputy Prime Minister for Economic Policy and Minister of Economic Development Nik Gjeloshaj participated in the "Impulse" event organised by the German-Montenegrin Business Club, held at the Ramada Hotel in Podgorica.
In the presence of the German Ambassador, Mr. Peter Felten, and representatives of the business sectors from both countries, Gjeloshaj presented Montenegro's current economic landscape.
During his speech, he highlighted the enduring friendship between Montenegro and Germany, emphasising Germany’s support for Montenegro’s European integration and efforts to improve the business environment. He outlined key economic indicators, such as a GDP growth rate of 6.3% and a record-low unemployment rate of 11.4%, underscoring the stability of Montenegro’s economic development.
In the past year, we have significantly improved the standard of living for our citizens by raising the minimum salary to €600 and the minimum pension to €450. These measures have a tangible impact on the daily lives of our citizens, said Gjeloshaj.
He also addressed the success of the "Limitirane cijene (Limited Prices)" initiative, which has reduced inflation to 1% annually—the lowest rate in the past three years—thereby significantly lowering the cost of living for citizens across the country.
In Montenegro, we often speak of firmness, quality, and seriousness, as seen in Germany. Therefore, I invite you to continue investing in Montenegro so that these virtues can also become our guiding principles in developing both business and the country, concluded Gjeloshaj.
The "Impulse" event has been recognised as a significant step in strengthening economic ties between Montenegro and Germany, providing a platform to enhance trade relations and explore new investment opportunities. Gjeloshaj expressed gratitude to the organisers for the invitation and stressed the importance of joint efforts in creating a favourable investment climate and fostering prosperity for both nations.
