Vuković: Montenegro is entering a decisive phase of European integration with strong support from international partners

Montenegro is entering a decisive phase of European integration with the strong support of international partners, said Finance Minister Novica Vuković, adding that the plan is to reduce the need for new borrowing from next year and build a stable fiscal reserve for the future.

Vuković told Bloomberg that the European Commission (EC) recognizes Montenegro's reform efforts, demonstrating a high level of understanding and readiness for pragmatic solutions, which further strengthens the European path and creates conditions for membership.

He believes that the goal of joining the EU by 2028 is completely realistic and achievable, with the expectation that the negotiation chapters will be closed by the end of this year, thus confirming Montenegro's position as the most advanced candidate.

"This is a clear signal that the policy of stability and reform has yielded concrete and measurable results," Vuković said.

He announced that the state is pursuing a responsible and strategically focused economic policy, with a clear plan for financing development and stabilizing public finances, and that funds are being provided for infrastructure projects and further economic growth in cooperation with international partners.

"Continued support from international financial institutions confirms the credibility of state policy and opens up space for a stronger investment cycle in the coming period," said Vuković.

He added that such developments represent an important impetus not only for economic growth, but also for the country's overall political stability and European perspective.

Vuković stated that additional confirmation of the successful economic course is represented by the decisions of credit agencies Moody's and Standard & Poor's, which have upgraded Montenegro's prospects to positive, recognizing the strengthening of fiscal discipline and overall macroeconomic stability.

"Montenegro continues to build a stable, reliable and European economy, ready for full membership in the European Union, based on the vision of long-term prosperity and a more secure future for all future generations," said Vuković.