The outgoing Minister of Economic Development, Jakov Milatovic, stated earlier today that the Russia-Ukraine conflict, apart from losses of lives, greatly affected global economies, ours as well. He announced that the government would consider a package of urgent economic measures ranging from 20 to 50 million euro, depending on its duration.
“The Ukraine crisis increased the prices of food and oil derivatives and it all affects a small economy as Montenegro’s is,” Mr Milatovic told the press.
According to him, the Montenegrin economy is now much more resilient compared to December 2020 when the new government came to power.
“The economic activity is now much stronger. Right now we’re having wealthier citizens so the spending power is the greatest compared to the previous 20 years. It means the country is more resilient in terms of finances than before,” claims the Minister.
The Agriculture Minister, Aleksandar Stijovic, pointed out that it was about an additional set of measures aiming to respond to the crisis caused by the war in Ukraine.
“Last year, we imported the largest part of goods from Serbia. We consider that we import products we ourselves can produce so that’s in the spotlight of the Agrobudget,” said Minister Stijovic, adding that they were going to help production.
