24 March 2019 - Montenegro has done a lot to improve its business environment, but there are still some grave challenges that the country should focus on. Preventing other countries from taking over high-quality investors is of great importance, said the representatives of Adriatic Marinas.
Foreign Investors Council in Montenegro issued during the last week the White Book where they assessed the business environment in Montenegro with 6.49. They stated that the economy in Montenegro was stable last year, but some concrete results in the implementation of reforms fell behind.
They stressed othat the grey economy is still a problem, as well as that the rule of law must improve and that a platform for the prevention of frauds and evasion of any kind must be provided.
Representatives of Adriatic Marinas said that environment for foreign investors in Montenegro is changing rapidly.
“We have made some important moves, especially in the sphere of navigation and super-yachting industry. However, not everything has been solved yet,” said the representatives of this company which is the owner of Porto Montenegro.
The real challenge for business in Montenegro is the market since other yachting destinations across the world are very competitive and they, naturally, want to take over the clients from Montenegro.
“Our top priority is that we have our nautical industry that is active during the whole year and to do our best so that the benefits can be felt in the entire country. We must continuously promote all our business possibilities and Montenegro, as a destination. Also, we must keep eliminating business barriers and maintaining tax rates at a low level so that we can attract foreign investors and make Montenegro stable business destination,” said the representatives of Adriatic Marinas.
Representatives of Montenegrin Telekom think that the business environment in Montenegro is much better and that some serious reforms have already been implemented, but they also noted that there is still space for even more progress.
Director of the Sector for Corporate and Legal Affairs in Montenegrin Telekom, Pavle Đurović, said that the regulatory framework referring to the domain of telecommunication is harmonized the European in no small extent.
One of the most significant challenges that all operators are generally faced with is the increase of the so-called OTT providers – Google, Skype, WhatsApp, and Viber.
“Providers of such services offer practically the same voice services as traditional operators, but without investing in networks because they use networks and services of the electronic communication operators. Also, they do not employ a workforce; they do not pay any taxes. This is a problem for all European telecommunication operators, and we are glad that Montenegrin authorities are ready to tackle this issue by the European practice and European regulatory framework,” concluded Đurović.
