Podgorica, (MINA-BUSINESS) – With the Bill on the Management of State-Owned Enterprises, Montenegro is making a significant step toward modern and transparent management of state assets, Finance Minister Novica Vukovic said, adding that the legislation aims to create more efficient companies and reduce fiscal risks.

Speaking in Parliament, Vukovic said the proposed legal framework provides a systematic and comprehensive approach to regulating the state’s ownership function in enterprises in a modern manner.

“The goal of the entire law is very clear – more efficient enterprises, lower fiscal risks, and greater value for the citizens of Montenegro,” Vukovic said during the debate.

He noted that until now, the system had been characterized by fragmented practices, divided responsibilities, inconsistent criteria, and the absence of a unified approach to managing the state’s portfolio of companies, all of which the new law seeks to change.

“We are establishing a clear, coordinated, and professional framework for managing state-owned assets. We are strengthening the role of the Ministry of Finance as the central coordinator of the state’s ownership function and clearly delineating responsibilities between the state as owner and company management,” Vukovic said.