1 / 17

Budva, Montenegro, April 14 th 2008

5 th VIENNA ECONOMIC FORUM. First Plenary Session Investment Policy and Infrastructure Projects Investment challanges of Montenegro . Vujica Lazovic, PhD Deputy Prime Minister for Economic Policy Government of Montenegro. Budva, Montenegro, April 14 th 2008.

santo
Download Presentation

Budva, Montenegro, April 14 th 2008

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5th VIENNA ECONOMIC FORUM First Plenary SessionInvestment Policy and Infrastructure ProjectsInvestment challanges of Montenegro Vujica Lazovic, PhD Deputy Prime Minister for Economic Policy Government of Montenegro Budva, Montenegro, April 14th 2008

  2. »I believe that each mean which foster communication has strong effects in sense that people can learn from each other and achieve freedom they are aiming« Bill Gates Welcome to Montenegro to Vienna Economic Forum! Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challlanges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  3. Montenegro is a success story. The following data confirm this: • Real GDP growth over 7% • Unemployment rate about 11% • Inflation close to euro-zone level • Foreign public debt 21% of GDP • FDI 1600€ per capita • Credit rating BB+ • Stabilization and Association Agreement. Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  4. Success starts with vision, ideas, ability to realize them, political wisdom which Montenegro recognized through: • Stimulating investment environment • Strong will to regain independence • Membership in EU Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14 th April 2008

  5. We realized on time that natural beauty of our country is not enough. To construct competitive and stimulating institutional framework is real challenge. Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  6. Process has started by reforms: • euro as official currency • stimulating tax policy • liberalized prices • free flow of capital • privatization of 85% state property • activating of capital market • privatized banking sector • reformed education system, social insurance and labor market Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  7. Time is element which is reality nevertheless success or failure! Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  8. Development brings new challenges and responsibilities: COMPETITIVENESS INFRASTRUCTURE STRUCTURAL UNEMPLOYMENT REGIONAL DEVELOPMENT Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  9. Challenge 1: Competitiveness Institutional framework – prior comparative advantage • Further decrease of tax rates • Eliminating the business barriers Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  10. Challenge 2: Infrastructure Tourism and development in general impose new infrastructural solutions • Own energy sources • Highways • Regional water supply pipeline • Treatment of solid waste and waste water Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  11. Challenge 3: Structural unemployment »Generation« confronting of global trends to old system of education • Human resources are the most important value of Montenegro • Reforms aiming at increase of education system and labor market flexibility Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  12. Challenge 4: Regional development Undeveloped North vs. developed South Young people and investors will be motivated to become actors of Northern Montenegro development by… ...Eligible investment conditions Construction of infrastructure Opening of university units which will decrease the differences Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  13. OUR APPROACH?

  14. Use own potential and think within global processes as a necessity in development process.

  15. »People always overestimate changes which will takes place in the next two years and underestimate those to happen in ten years. Therefore, let do not allow to be silenced in inaction«, Bill Gates Montenegro has started new cycle of activities by new investments in high-end tourism through valorization of attractive tourism locations Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  16. I am convinced that, upon realization of these projects, Montenegro will have the highest economy growth rate in the region! Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

  17. I wish you pleasant stay in Montenegro! Vujica Lazović PhD, Deputy Prime Minister for Economic Policy, Government of Montenegro Investment Challenges of Montenegro - 5th Vienna Economic Forum , Budva, 14th April 2008

More Related