Construction of Motorway Boosts Montenegrin Economy

By , 20 Sep 2018, 01:39 AM Business
Construction of Motorway Boosts Montenegrin Economy Copyrights: Government of Montenegro

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19 September 2018 - Vice President of the Government for Economic policy and financial system, Milutin Simović, opened the Jubilee 40th Building construction trade fair in Budva, the 13th Fair of Plumbing and Sanitary Technology and 6th Energy trade fair. The partner country of the fair is the People’s Republic of China.

Simović pointed out that the participation of the exhibitors from 18 countries serves as a confirmation of the attractiveness of the Montenegrin construction sector and overall economy and investment potential of Montenegro.

"The participation of exhibitors from 18 countries is a confirmation of the attractiveness of the Montenegrin construction sector, the overall economy and investment potential of Montenegro", DPM Simović said. "Continuous trends in the growth of construction activity clearly show the growing interest of domestic and foreign investors in the Montenegrin market and confirm that the Government's efforts to improve the business environment bring concrete results in the direction of maintaining dynamic economic growth, creating new jobs and improving the quality of life of citizens," said Simović.

He thanked the Minister of the Environmental Protection of China, Li Ganjie, for visiting Montenegro and for the support the Chinese government offered to Montenegro. Simović expressed special satisfaction about the fact that CRBC company is a bearer of the exhibition of China at this year’s fair. CBRC is our partner and main contractor in the project of the construction of the first section of Bar- Boljari motorway.

This project has significantly contributed to the growth of the Montenegrin economy. However, the most important positive results of the motorway can be expected after it is finished and after we are connected with key European traffic corridors, markets and emitting tourism zones.

Reports of relevant international institutions and organizations, IMF in the first place, which stated that the Montenegrin economy is stable, confirm that the financial sector is being improved and that macroeconomic prospects have stabilized.

“We are not advocates of protectionism and closures, but we rather vote for openness and partnership. Investors from 113 countries who do their business in Montenegro are proof for that”, said Simović.

Source: Cafe del Montenegro

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