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17.01.2011.

Interview of the Minister of Finance, Milorad Katnic, for Pobjeda

Interview of the Minister of Finance, Milorad Katnic, for Pobjeda PODGORICA - New Eurobonds issue will be carried out in the first half of the year and the maximum planned borrowing, envisaged by the Budget for this year, amounts to EUR 180 million, while anticipated borrowing with multilateral financial institutions amounts to EUR 53 million for infrastructural projects financing, said Milorad Katnić, PhD., Finance Minister in an interview to “Pobjeda”. He said that this year’s objective is to reduce public spending to 44.5 percent of GDP. Katnić, who is the youngest Minister in the Government of Igor Luksić, says that, regardless of the fact that Montenegro has emerged from recession, the state bodies should further endeavor in spending taxpayers' money more efficiently...

31.12.2010.

Government of Montenegro launches a website for flood relief donations

Government of Montenegro launches a website for flood relief donations

In autumn 2010, Montenegro has suffered the worst floods in history that forced thousands to abandon their homes and caused unprecedented damage to crops and property. Following the link https://cert.sntcg.com/DefaultEN.aspx, it is possible to donate to Montenegro flood relief from anywhere in the world. The flood victims would welcome any donation, however symbolic, as a token of solidarity and support...

29.12.2010.

On the proposal of the Prime Minister, Parliament elected a new Finance Minister, PhD Milorad Katnic

On the proposal of the Prime Minister, Parliament elected a new Finance Minister, PhD Milorad Katnic

Milorad Katnić was born on 12th December 1977, in Podgorica, where he finished elementary and high school. After enrolling in 1996, he graduated from the Faculty of Economics at the University of Montenegro in 2000, course “Entrepreneurship and Entrepreneurial Finance”. At the same Faculty he obtained a Master’s Degree in July 2005, the topic “Public Debt Analysis and Review”, and Ph.D., in March 2010, the topic “Public Consumption and Economic Growth”...

23.12.2010.

Press Release: Amendments to the Pension and Disability Insurance Law Adopted

On its session held on Wednesday 22nd December 2010, the Parliament of Montenegro has adopted the Amendments to the Law on Pension and Disability Insurance, that represents the continuation of the pension system reforms, whereas the main objective of Amendments is to provide long – term stability of this system, i.e., to create conditions that each pensioner receives its pension in a timely manner...

22.12.2010.

Reuters - Luksic profile

Reuters - Luksic profile

Igor Luksic, who is likely to become Montenegro's prime minister, has won international praise for his economic expertise but his main task will be to advance his country's European Union membership bid...

14.12.2010.

Deputy MP Luksic signs EUR 16, 5 million worth agreement with EIB

Deputy MP Luksic signs EUR 16, 5 million worth agreement with EIB

Deputy Prime Minister and Minister of Finance Igor Luksic signed on Monday the agreement for the second tranche of the European Investment Bank (EIB) loan for the water and wastewater operation in Montenegro with EIB representative Marion Hoenicke. As the EIB loan is intended for environmental protection, the terms are very favourable, allowing for a six-year grace period and 25 years for loan return, says the Deputy PM.

04.12.2010.

Interview of the Deputy Prime Minister and Minister of Finance, Igor Luksic, for Reuters

Interview of the Deputy Prime Minister and Minister of Finance, Igor Luksic, for Reuters

Montenegro does not have immediate plans to return to the eurobond market as earlier eurobond money and an anticipated World Bank loan should cover 2011 budget needs, the finance minister said on Friday...

01.12.2010.

Deputy Prime Minister and Finance Minister Mr. Igor Lukšić, PhD, on his blog published the text dedicated to the influence of corruption to the economic growth

Deputy Prime Minister and Finance Minister Mr. Igor Lukšić, PhD, on his blog published the text dedicated to the influence of corruption to the economic growth

When the economic crisis struck, debate over how to re-start the world’s financial engine took precedence over discussion about long-term institutional reform – even in countries where change was crucial..

01.12.2010.

MBO INTERVIEW with Igor Lukšić, PhD., Deputy Prime Minister and Minister of Finance of Montenegro

MBO INTERVIEW with Igor Lukšić, PhD., Deputy Prime Minister and Minister of Finance of Montenegro

All economies worldwide, including Montenegro, have suffered from the economic and financial crises jeopardizing the liquidity of both financial and the real sector. The Government of Montenegro has reacted in a prompt and timely manner by adopting quite diversified anti – crisis package of measures. From this prospective, I think we did the right thigh; we carefully monitored the financial and the real sector needs that have enabled us in preserving liquidity of the two sectors. On the other hand, this package was supported by several other measures aimed at stabilizing public finance, inter - alia, the control and decrease in public spending, halt in new employment, discretionary spending saving resulting in decline in spending at around 9 of percentage points of GDP in the period 2008 - 2010...

30.11.2010.

Ministry of Finance published Bulletin no. 21

Ministry of Finance published Bulletin no. 21

Ministry of Finance published Bulletin no. 21...