Post by radovic on Nov 27, 2007 10:30:54 GMT -5
I wonder what excuse the Montenegrin government's going to use this time. They can't blame Serbia.
EBRD's Verdict on Montenegro Reform
27 11 2007 Podgorica_ Montenegro’s economy is continuing to lag behind the region, despite some significant reforms already carried out, a senior European economist told journalists on Tuesday.
Peter Sanfey, a lead economist with the London-based European Bank for Reconstruction and Development, EBRD, was giving a presentation on his Bank’s annual Transition Report which charts the reform process in 29 formerly communist-ruled countries in Europe and Asia.
Sanfey said the reform process in Montenegro remained generally slow. “Before getting independence, Montenegro was preoccupied with some other issues.”
Sanfey added that the main challenges for Montenegro, but also for the whole region, were presented by key aspects of the third phase of transition, including the consolidation of a sustainable market economy, the restructuring of companies, the improvement of competition policies and the development of infrastructure.
“Growth in Montenegro is encouraging, but we are not certain if it has a broad enough basis, or if it is based on a few sectors that may not be sustainable”, Sanfey said.
EBRD research shows that despite the recent high growth rate and improvement to macroeconomic stability, people in Montenegro are generally dissatisfied, and say they were better off in 1989, the year that is normally taken for comparison because it saw the beginning of the collapse of communism in Europe.
Sanfey added that Montenegrins were not alone in that assessment, and that some 70 per cent of the population in most ex-Yugoslav republics were dissatisfied with their living standards.
Following a referendum in 2006, Montenegro became the last of former Yugoslavia’s six republics to declare its independence.
EBRD's Verdict on Montenegro Reform
27 11 2007 Podgorica_ Montenegro’s economy is continuing to lag behind the region, despite some significant reforms already carried out, a senior European economist told journalists on Tuesday.
Peter Sanfey, a lead economist with the London-based European Bank for Reconstruction and Development, EBRD, was giving a presentation on his Bank’s annual Transition Report which charts the reform process in 29 formerly communist-ruled countries in Europe and Asia.
Sanfey said the reform process in Montenegro remained generally slow. “Before getting independence, Montenegro was preoccupied with some other issues.”
Sanfey added that the main challenges for Montenegro, but also for the whole region, were presented by key aspects of the third phase of transition, including the consolidation of a sustainable market economy, the restructuring of companies, the improvement of competition policies and the development of infrastructure.
“Growth in Montenegro is encouraging, but we are not certain if it has a broad enough basis, or if it is based on a few sectors that may not be sustainable”, Sanfey said.
EBRD research shows that despite the recent high growth rate and improvement to macroeconomic stability, people in Montenegro are generally dissatisfied, and say they were better off in 1989, the year that is normally taken for comparison because it saw the beginning of the collapse of communism in Europe.
Sanfey added that Montenegrins were not alone in that assessment, and that some 70 per cent of the population in most ex-Yugoslav republics were dissatisfied with their living standards.
Following a referendum in 2006, Montenegro became the last of former Yugoslavia’s six republics to declare its independence.