The project "100 Greatest in Montenegro 2019" is intended for companies that, despite numerous limitations, objective and subjective barriers in business, continuously achieve excellent results and as such deserve the recognition and respect of the wider community. This was announced at the press conference on the occasion of the start of the project "100 Greatest in Montenegro", which is being held this year for the second time, initiated by the company “BI Consulting”, as the leading agency in the field of business and credit information in partnership with the Ministry of Finance and Ministry of Economy, with the support of the Chamber of Economy of Montenegro and with the general sponsorship of the Société Générale Bank Montenegro.
The founder of BI Consulting, a provider of business information, Ratko Nikolic, reminded that the goal of the project is to promote positive business practice in Montenegro, to make it visible to the most important Montenegrin companies, the major taxpayers and the largest employers.
"Despite numerous limitations, objective and subjective barriers in business, it should be noted that in Montenegro there is a significant number of companies that continuously achieve excellent results. Such companies deserve recognition and respect of the wider community, which is why this Project is dedicated to them," Nikolic said.
On the basis of clear parameters from the financial statements for the business year 2018, he said that 100 major companies from micro, small and medium-sized enterprises, as well as all large companies will be selected.
"We will rank all of them according to clear and publicly available parameters from their duly submitted financial statements, based on total revenues, realized net profit and number of employees. We will also distinguish and rate 20 companies as per 12 key business activities and publish them all in a special annual publication, an exclusive, collector's edition, in which all the significant business achievements in the previous financial year will find its place," Nikolic said.
According to him, the criteria and parameters for ranking are public, clear and precise, and companies, as explained, are ranked by automation, depending on the results achieved, reported in the balance sheets.
"Only companies that submitted correct financial statements for 2018 will be on the lists, that were not blocked in the last 12 months, that regularly carry out tax obligations or regularly execute their commitments from the reprograms, operate for at least three years, have a capital higher than 100 thousand euros and more than three employees," Nikolic said.
He added that the first-ranked companies in these categories and one for the fastest growing company per the same parameters will be awarded at the ceremony at the end of May. CEO of the Directorate for Investments, Development of Small and Medium Enterprises and Management of EU Funds in the Ministry of Economy, Radosav Babic, said that in Montenegro there are about 26 thousand registered companies, which will be in the competition for the selection of the greatest and most profitable ones.
"Such a project will show existing and potential investors that in Montenegro they can find credible business opportunities and partners. It will additionally inspire and encourage start-up projects, especially in the category of micro and small enterprises. It is up to us as a government and the state to create entrepreneurs with a favorable business environment and support for growth and development," Babić explained.
He announced that the Ministry of Economy will implement the Program for improving the competitiveness of the economy this year, through ten different Program lines for improving the innovativeness, introduction of international standards, modernization of the processing industry, cluster development, support for the development of crafts, provision of mentoring services and entrepreneurship development.
"I am convinced that this kind of project is an additional incentive for domestic businessmen to use the Government's available support in order to continuously improve their business in the future and contribute to their efforts to find themselves on the list of the 100 greatest in Montenegro," Babic said.
The State Secretary at the Ministry of Finance, Nemanja Katnic, said that the participation of this sector, that is, the Government in the project will be very significant and that it will be an additional stimulus for domestic companies that want to achieve even better business results.
"This project also highlights the major taxpayers, which also shows how important financial reporting is for both businessmen and the state," Katnic said.
The 100 Greatest project, he explained, in cooperation with the Ministry of Finance, in the previous year, singled out and awarded the best Montenegrin companies in different categories, which, as he added, is a guarantee that Montenegro has quality business entities.
"We hope that the forthcoming period will produce new names on the Montenegrin market, which will contribute to the development of the economic sector, which will result in new jobs and increased export, as well as the development of entrepreneurship, which is ultimately one of the main goals of the Government," Katnic said.
Executive Director of the Business department and Vice president of the Société Générale Bank Montenegro, Samo Jovićević, said that, given the results and organization of the "100 Greatest in Montenegro" last year, that bank decided to be part of the project this year, which will additionally highlight and reward the largest, best and most successful Montenegrin companies.
"We at the Société Générale Montenegro believe that rewarding and highlighting companies that have made an outstanding contribution to the Montenegrin economy and the development of small and medium business is very important, primarily because it should an example and show that along with persistent and committed work it is possible to achieve good results and contribute to the further development of the business environment and the economy as a whole," Jovicevic said.
He said that the Société Générale Bank Montenegro continued with strong credit support to the Montenegrin companies last year, which, as he added, is witnessed by the dynamic growth of the bank's loan portfolio in this segment of about ten percent.
"We are sure that many Montenegrin companies, with our many years of continuous support, achieved record results in 2018 and will deserve to be part of the club of the best and most successful Montenegrin companies," Jovicevic said.
More detailed information about conditions, criteria and categories is available on the site www.100najvecih.me
Text by Promo, on February 20th, 2019, read more at Vijesti
