The Montenegrin economy is deteriorating every day in terms of international competitiveness. Instead of creating an economic system that will attract foreign investors, primarily innovative and adaptable small and medium-sized businesses, state policy is doing everything it can to discourage such investments in Montenegro.
This was assessed by the Civic Initiative (GI) on May 21st, who said that the idea of compensating for everything with non-transparent big capital that additionally demands controversial privileges is disastrous in many ways.
"Large capitalists strive to turn the state into their service, swallow up even the few profitable state-owned enterprises, unscrupulously put public goods into the function of profit, and turn employees into ordinary hired hands. All laws that are defended with rhetoric about compliance with EU directives, but in practice are reduced to business barriers, causing material damage, and deterring legal business, support the failed economic policy. For example, such is the Law on the Prevention of Money Laundering, such is the new Law on Business Companies, whose digital interpretation led to the collapse of the Central Register of Business Entities and the fact that in Montenegro no one can register a new company or make changes within existing companies, and such is now the revised Law on Foreigners," the statement of the civic initiative states.
It is added that under the current Law on Foreigners, in order to issue a temporary residence and work permit, it was necessary to submit nine different pieces of evidence, but the Ministry of Interior, which is conducting the procedure and also "creating economic policy" in this, as they said, disorganized government, has now increased this to thirteen pieces of evidence.
"In addition, the benefits granted to the IT sector are in practice being transformed into interpretations that render the attraction of IT experts from the international market meaningless. If this continues and harmful legal norms are not changed, Montenegro will enter the EU as an economic corpse and with unsustainable public finances," the statement concludes.
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