Podgorica, (MINA-BUSINESS) – The Parliament has adopted the amendments to the law regulating the level of default interest, increasing this interest rate by one percentage point to eight percent.
The Ministry of Finance previously explained that the Law, which had been adopted in late 2009, envisaged that the default interest rate was set once every six months, and calculated on annual basis.
The legal provisions on the default interest rate level had been harmonized with the European Directive 2000/35 on combating late payment in commercial transactions, which was effect in 2009, at the time of the adoption of this piece of legislation.
The Ministry said that the directive had been superseded by a new one, which required another harmonization of the national legislation.
The MPs have not voted on the proposed amendments to the Accountancy Law, envisaging an extension of the harmonization deadline for the authorised valuers, because it was withdrawn from the procedure by the Government.
The Parliament adopted a report on the results of a public call for long-term leaseholders of the land for the construction of a base station of the mountain resort Kolasin 1600.
The annual reports of the Agency for Protection of Competition, the Deposit Protection Fund, the Capital Market Commission, the Central Bank, the Financial Stability Council, the State Commission for Public Procurement Control were adopted, as well as reports on the state of play in the energy sector and the capital market.
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