FDI inflow exceeds €2,2 billion
In the past three years, FDI inflow exceeded €2,2 billion, said Prime Minister, Mr Duško Marković at the occasion of celebrating of 10 years since the establishment of the Investment Development Fund.
“This great result is the fruit of well-shaped economic policy. Such balances are characteristics of stable states, with stimulating business environment”, said Mr Marković.
Today, Montenegro is one of the fastest-growing economies in Europe, with average growth rate of 4,9%.
“Over 30.000 new jobs have been created. That’s the result of everybody present here and Investment and Development Fund. Therefore, I congratulate you on your success”, said Mr Markovic.
He reminded that the Government of Montenegro had proposed adoption and amendments to more than 200 legislative solutions aimed at improving business environment in different segments of economic life. By virtue of the adoption of the Law on Administrative Taxes and Law on Local Public Utility Taxes, 49 taxes have been abolished and 72 taxes have been reduced.
“Ever since Law on Re-programming Tax Claims came into force, tax debt of the enterprises in real sector has been re-programmed in the total amount of €137 million. One billion EUR in one year is powerful financial support for even bigger and more developed economies that ours. In a word, all our policies were reflected in the activities of the Investment and Development Fund”, said Mr Marković.
Prime Minister said that the Government had earmarked over €190 million for projects on north of the country.
“Intense development of the north is this Government’s duty. Therefore, Investment and Development Fund should create more lines and credit models, in order to put resources into the function of overall development”, concluded Mr Marković.
As he said, today we are witnessing the synergy we have created in order to initiate development cycle in our country, enhance our economy, create and set preconditions for better living standard.
Source: CDM
