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Sekretarijat za razvojne projekte

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Sekretarijat za razvojne projekte

 

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Government of Montenegro adopted the Proposal for the Decree on Fostering Direct Investment

Datum objave: 30.01.2015 15:07 | Autor: SRP

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At the session held on 29 January 2015, the Government of Montenegro adopted the Proposal for the Decree on Fostering Direct Investment, with the aim of fostering national and foreign investments, increasing competitiveness and export potential of Montenegrin economy, and decreasing the unemployment rate.

Funds for fostering investments will be provided in the budget of Montenegro, and will be used for the financing of investment projects which provide opening of new vacancies and contribute to economic and regional development of Montenegro. The above-mentioned funds may be allocated for the investment projects with a minimum value of EUR 500.000, which ensure the opening of at least 20 new vacancies. Funds will be allocated based on the criteria which will, among other lines, evaluate the investor’s references, the project’s effects on the development of less-developed units of local self-government, the effects of the investment project on human resources, environmental impact and the scope of the international operations.

The Secretariat for Development Projects will perform professional and administrative-technical affairs referring to the enforcement of the above-mentioned Decree, as well as monitoring of the investment projects for which the funds were allocated, while the Commission nominated by the Government will be in charge of the evaluation of the investment projects and proposing the decision on funds allocation.

By adopting the Decree on Fostering Direct Investments, Montenegro joined countries from the region which implemented similar legislative solutions in order to improve business environment and economic growth of a country.

 

Decree on Fostering Direct Investment