According to the official website of the Government of Montenegro: Recently, Montenegrin Prime Minister Duško Marković addressed citizens regarding the containment of the current novel coronavirus, specifically mentioning the government's new economic measures. He stated that the government intends to introduce a package of measures to support the economy, employees, and disadvantaged citizens. These include:
For industries closed due to the pandemic in April and May, a subsidy equivalent to 70% of the minimum wage and 100% of the minimum wage taxes will be provided for each registered employee;
For industries severely impacted by the pandemic in April and May, a subsidy of 50% of the minimum wage will be provided;
For employees who need to stay home to care for children due to the pandemic in April and May, a subsidy of 50% of the minimum wage will be provided;
For employees who need to quarantine during the pandemic because they meet the criteria for self-isolation, a subsidy of 70% of the minimum wage will be provided;
For entrepreneurs, micro, small, and medium-sized enterprises that hire unemployed persons previously registered with the Employment Agency of Montenegro during April, a subsidy equivalent to 70% of the minimum wage will be provided for no less than 6 months;
For companies that have suspended certain activities due to epidemic prevention requirements during April, May, and June, electricity suppliers will provide a fixed percentage exemption on electricity bills.
At the same time, the Montenegrin power company will double the electricity subsidy amount for vulnerable households during the period of these measures.
In addition, this package of measures also includes support for the agriculture and fisheries sectors. One-time assistance for commercial fishermen; payment of contributions for insured persons based on agriculture; one-time subsidies for beneficiaries of nursing allowances; support for the purchase of local products; support for paying domestic producers within 15 days; preferential loans for purchasing working capital and paying interest to these beneficiaries during the grace period; and 80% prepayment of personal premiums. Additional support for agriculture will also mark the continuation of the regional balanced development policy, especially for northern Montenegro.
Montenegrin Prime Minister Duško Marković concluded by stating that in recent years, Montenegro has continuously strengthened, reaffirming its capacity for sustainable development and managing the overall prosperity process. This set of economic measures covers aspects concerning more than 100,000 employees and thousands of entrepreneurs, micro, small, and medium-sized enterprises. This is the beginning of comprehensive economic measures that the Government of Montenegro will gradually adopt, which is the path to progress and a better life.
In recent years, the Government of Montenegro has carried out a series of reforms and introduced various policies, all of which have achieved fruitful results. Montenegro's economic growth and tourism development have reached record highs, making it a prestigious investment destination in the world. At the same time, with the launch of the Montenegro Citizenship by Investment Program, it will also open a path for investors to obtain European Union citizenship in the future. When that time comes, holding a Montenegrin passport may be upgraded to an EU passport, and its value is self-evident.
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