'Montenegro is uncompetitive for foreign investors, according to Milovic.'

Podgorica, (MINA-BUSINESS) - Depressive business environment, unstimulating tax policy, political background, uncertainty and unstable business conditions have made Montenegro uncompetitive for foreign investors over the past three years, said Democratic Party of Socialists (DPS) MP Nikola Milovic.

"Net inflow of foreign direct investment (FDI) in Montenegro decreased by almost 50 percent compared to the period from January to September last year. The total net FDI inflow amounted to only 320.37 million euros.

He added that FPIs are crucial for Montenegro's economic growth and development. "This neglected state of a broken business environment requires the development and implementation of a serious strategy to attract FPIs to Montenegro," Milovic said.

He believes that only with new foreign and domestic investments in the real economy are opportunities for new jobs and employment created, as well as stable public finances, higher wages and pensions. "The deviation into economic populism, which is fundamentally based on the deception that a quality life without jobs and investment is possible, distances us from the solid core of economic policy based on the creation of a new'