Montenegrin Foreign Investors Council organized a cocktail party on May 29,2019 on the occasion of the tenth anniversary of the Council together with the business and Government partners.
In addressing the guests, president of the Montenegrin Foreign Investors Council (MFIC) Christoph Schoen, highlighted that Montenegro has implemented many reforms in the previous several years, resulting in the increased competitiveness, transparency and improvement of the business conditions, and became continuously more attractive to foreign investors.
He pointed out that in 2009, the Council was established by five companies, with the intention to improve the investment climate and foster the communication and cooperation between the foreign investors community and official bodies in Montenegro.
“In the past ten years, we became a community of leading foreign investors in Montenegro, bringing together representatives of 40 companies from different industries. In addition to the capital inflow, transfer of knowledge and new technologies serves as the driving force and supports Montenegro to reduce the gap to more advanced markets. During those years, Montenegro became more and more attractive to foreign investors. From our perspective, Montenegro made significant improvements in increasing transparency, competitiveness and improving business conditions. Therefore, I can proudly say that we are delivering our main purpose and I am happy to see how the MFIC has evolved and contributed to the success story of Montenegro”, said Schoen.
He reminded of the statistics showing that the contribution of the MFIC members to the GDP of Montenegro accounted for more than 25 percent in 2018.
At the event, attended by representatives of the MFIC, the Government and diplomatic corps, Schoen said that Montenegrin legislation had been harmonized with the EU regulations to a great extent or was on its way to be harmonized.
“Attractive tax and free trade regimes have been established and many reforms have been implemented, which resulted in increased competitiveness and improvement of the business conditions,” said Schoen.
He reminded that the Council was monitoring the development through the business environment index, which was part of the MFIC White Book, adding that this index was at the highest level in the last edition since 2011.
In addressing the guests, Minister of Economy, Ms. Dragica Sekulic stated that Ministry of Economy together with the Government of Montenegro have very tight and successful cooperation with the Montenegrin Foreign Investors Council. This is especially emphasized through the activities of the Competitiveness Council chaired by the Prime Minister Markovic.
“We very much appreciate publication of the White Book which gives us clear insights about the weaknesses and flaws of our system, business obstacles, from the perspective of foreign investors, providing us with the opportunity to improve ourselves. The White Book, allows us, as the Government to be better, more attractive and to become more competitive”, said Minister Sekulic.
As an alliance of responsible companies Montenegrin Foreign Investors Council is committed to creating an environment in which happy and healthy generations will grow. By allocating funds to the Institute for Children’s Diseases, the Council wanted to show that this most vulnerable group in society is especially important and precious. Donating equipment for the Surgery Department of the Institute for Children’s Diseases have made members of the Council very proud.
On this occasion, guests were addressed by the Director of the Institute, Dr. Sasa Radovic who thanked the Council for this valuable contribution.
