A wave of price increases in Montenegro: Here's what we will pay more for in the future

Connoisseurs of the economic situation believe that the Government, faced with the strengthening of civil protests, will finally comply with this request and increase the lowest minimum wage in the region
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Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The price increase until the 5th of January, and now another six cents - with this dynamic, fuel will become a luxury, just as the then prime minister, now president Milo Đukanović once called it. Higher prices from midnight are bad news for drivers.

The increase in fuel prices is just one in a series. Already from May, we will pay more expensive electricity, which is the second increase in electricity prices this year, after additional fees for renewable sources in January.

It doesn't end there either. Very soon, water will become more expensive in the capital. Mayor Ivan Vukovic revealed that their request to the Regulatory Agency will be 22%, while Vodovod believes that it should be more.

However, the increase in the prices of basic necessities of life will inevitably lead to generally higher prices, according to the Union of Free Trade Unions. That's why after the meeting of the main committee in the middle of the month, they will determine the key demands towards the government.

"The minimum is to increase the minimum wage to 50%, the minimum is that the price of electricity does not increase this year, and of course the story about the price of fuel is that it is the highest in the region, and that it should be corrected in some way, so to speak ", believes Srđa Keković from the Union of Free Trade Unions.

He clearly tells the journalist Goran Kapor that the Prime Minister is ready to make concessions at the moment of strengthening civil protests, even though until yesterday the request to increase the minimum wage was rejected as unacceptable for the Government.

"The government now needs some positive information about it compared to the sea of ​​negatives it has about the work of the government. So, I believe that the government will increase the minimum wage, and now will it be by the amount that the unions are asking for, to be 50 % of the average salary, or it will be a little lower than that, we will see in the coming days", says Kapor.

As for fuel, Kapor reminds that it is significantly cheaper in Bosnia and Herzegovina, Kosovo and North Macedonia, while Eurodiesel is cheaper in Serbia. Prices are slightly higher in Croatia, but their salaries are also significantly higher than ours. The government there still takes care of the social security of the citizens, and in that regard, the Montenegrin government could be a model.

"Following Croatia's example, the state can reduce the VAT on electricity or return the amounts of excise duty on fuel to what they were three years ago," Kapor says.

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