15 March 2019 - Regulation on the allocation of funds for encouraging direct investments and improving the competitiveness of the economy has recently been approved by the Government of Montenegro, as well as the Programme for the improvement of the competitiveness of the economy for 2019. Considering that the existing Regulation concerned exclusively direct investment support programmes, and in practice, the need for constant stimulation and strengthening of the sector of small, medium and large enterprises was identified, which is recognised in several strategic documents as one of the key pillars of accelerated economic development, for which it is necessary to improve their competitive ability, and thus the competitiveness of the economy as a whole, the new Regulation was developed.
The Programme for improving the competitiveness of the economy, for which realisation 1.640.000 EUR has been allocated, prescribes that all previous programmes intended for the development of entrepreneurship and small and medium-sized enterprises are consolidated into a unified programme, which will consist of 10 programme lines.
The Government approved the Information on determining the weighted average retail price of cigarettes for 2019. To ensure the stability of the cigarette market, as well as to preserve budget revenues on this basis, it is proposed to maintain the average weighted retail price of cigarettes from 2018 and 2019 (2,10 EUR per pack). In that context, it was concluded that it is necessary to begin to amend the legal provisions regulating this issue to create conditions for the proposal to be implemented.
The Cabinet within the Government of Montenegro approved the Information on increasing the share capital of Montenegro in the International Bank for Reconstruction and Development through general and selective capital increase and approved the proposal for capital increase, as well as the Indicative plan for subscription and payment of shares.
