"There is no time to wait"! - Von der Leyen in Montenegro appeals to investors
"Montenegro has tremendous potential, but investment in the economy has not yet reached this potential," said European Commission President Ursula von der Leyen. She declared that "Montenegro's EU membership is within reach."
During the opening of the first joint investment conference between Montenegro and the EU, held at the luxury resort of Luštica Bay, the head of the European Commission praised the country's progress and stressed that Brussels is ready to stand by Podgorica on the path to integration.
“You are ambitious and we like that. For this reason, we will support you,” von der Leyen said, adding that the country has an enormous economic potential that has not yet been fully exploited. She urged investors not to wait for Montenegro's formal entry into the EU to invest, but to act now, “because otherwise someone else might benefit first.”
The conference focused on sustainable and intelligent economic development was attended by dozens of representatives from the fields of politics, business, finance and the environment, both from Montenegro and EU member states. Four new European investment projects in the Montenegrin economy were presented, as well as ten memorandums of cooperation in key areas of economic and financial development.
The EC President praised the institutional reforms undertaken by the government and underlined that the country is an increasingly important destination for investments in sustainable tourism, transport, renewable energy and digitalization.
For his part, Montenegrin Prime Minister Milojko Spajić stressed that Montenegro, although a small country in geographical dimensions, offers great opportunities for development. “The absence of dominant ethnic groups has historically taught us about tolerance, understanding and mutual respect. In mind and spirit, Montenegro is already part of the European Union,” Spajić declared. He added that infrastructure and economic projects worth over 3 billion euros are currently being implemented and that the country already meets the Maastricht criteria for EU membership.
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