Montenegro on the Brink of Economic Collapse: Milatovic Reveals the Catastrophe!
Montenegro, a country with huge potential but an economy that lags and stands still, is facing serious problems threatening to plunge it into an even deeper crisis. The President of the country, Jakov Milatovic, spares no words and reveals shocking data on how the situation with the United Arab Emirates (UAE) cost Montenegro ten investors from Western Europe!
Where Did the Investment Opportunity Go?
Milatovic emphasized at a press conference that Montenegro missed the chance to attract serious investors because foreign investors are now focused on real estate rather than production. The situation is alarming: inflation is rising every month, and from September last year to May this year, it was twice as high as in the Eurozone. Citizens feel the consequences – salaries last only two to three weeks, and workers and pensioners live under enormous stress.
State Companies Declining, But Employment Rising – How?
Milatovic pointed out a paradox in the operation of state companies. The electricity distribution system, Electric Power Industry, and the Pljevlja Coal Mine operate with lower profits than before, but the number of employees in these companies has increased by 19 to 50 percent. The model of “higher wages, lower profit” is unsustainable and leads to collapse.
Tourism and Airports Decline – A Black Year for Montenegro
Tourism, which has been the backbone of Montenegro’s economy for decades, recorded a decline in revenue for the first time in 15 years. Domestic airports are recording lower revenues, further burdening the state budget. Milatovic stresses the need for professional and responsible management of state resources, as the current situation is unsustainable.
Ten Measures to Save the Economy – Will They Be Adopted?
The President’s office has submitted ten measures to the government to reduce inflation and improve economic conditions, including more efficient tax supervision, aligning cost holders, and introducing a luxury tax. However, the biggest concern is that the base for future growth is small, and Montenegro needs serious investors, which are currently absent.
Experts Warn: Economy Slowing, Country Not Ready for EU Market
Professor Maja Bacovic from the Faculty of Economics points out that the average growth rate in the last five years has fallen to 2.3 percent, while it was about 3 percent earlier. Growth is now driven by consumption, not investments. Inflation is mostly imported, and the state lacks adequate measures to control it. Bacovic questions whether Montenegro is ready to withstand competition in the EU market.
Radical Reforms Are Necessary!
Marko Sosic from the Institute Alternative claims that the management of state companies is chaotic and radical measures are needed, including reducing the number of companies with state capital. He warns that mild measures will not have an effect in a deeply disorganized system.
Social Justice? Forget It!
Ivana Mihajlovic from the Union of Free Trade Unions points to the lack of government responsibility and the need for housing policy reform. Every third child in Montenegro lives at risk of poverty, and the country is not a state of social justice.
Conclusion: Montenegro at a Crossroads – Will It Wake Up?
Montenegro has potential but does not use it. Inflation, declining investments, poor management of state companies, and social injustice create a perfect storm for economic disaster. Milatovic and experts call for urgent and radical reforms, but the question is whether the authorities will have the courage to implement them.
What do you think? Can Montenegro pull its head out of the sand, or will we continue to sink? Share your thoughts, maybe your critique or joke will spark something new!
