Podgorica, (MINA-BUSINESS) – Montenegro is entering a decisive phase of European integration with strong support from international partners, said Finance Minister Novica Vukovic, adding that the plan is to reduce the need for new borrowing starting next year and to build a stable fiscal reserve for the future.

In an interview with Bloomberg, Vukovic said that the European Commission (EC) recognizes Montenegro’s reform efforts, demonstrating a high level of understanding and willingness to find pragmatic solutions, thereby further strengthening the European path and creating conditions for membership. 

“This is a clear signal that the policy of stability and reforms has delivered concrete and measurable results,” Vukovic stated.

He said that the country is pursuing a responsible and strategically oriented economic policy, with a clear plan for financing development and stabilizing public finances, and that, in cooperation with international partners, funds are being secured for infrastructure projects and further economic growth.

“Continuous support from international financial institutions confirms the credibility of government policy and paves the way for a stronger investment cycle in the coming period,” Vukovic said.