NewsMontenegro's "Europe Now 2" program: A catalyst for economic reforms

Montenegro’s “Europe Now 2” program: A catalyst for economic reforms

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Prime Minister Milojko Spajić has emphasized that the “Europe Now 2” program is not the endpoint of Montenegro’s economic policy but a starting point for significant reforms aimed at improving citizens’ living standards. Announced during a press conference following a government meeting, the program aims to enhance economic stability and raise wages over the next three years.

Spajić described “Europe Now 2” as a key driver for economic growth and a roadmap for Montenegro’s future trajectory. He noted that wage increases under the new calculation have already started in the central government, with similar increases expected soon for education and the Ministry of Internal Affairs (MUP).

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He highlighted the dramatic rise in minimum wages from 140 euros in 2012 to 600 euros for high school graduates and 800 euros for university graduates today, while the average wage has reached 1,000 euros. Spajić insisted that these achievements are irrefutable, despite opposition attempts to dispute the data.

Looking ahead, he announced further wage increases and improvements in citizens’ standards, with multiple measures set for implementation by the year’s end and into the next quarter. The Prime Minister also pointed to impressive growth in minimum pensions, which stand at 450 euros—the highest in the Western Balkans and neighboring EU countries. Adjustments expected this month could raise pensions for many retirees by an average of 50 to 60 euros.

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When questioned about the impact of reduced contributions on private sector wages, Spajić stated that it is up to employers to decide on salary increases. He expressed optimism about upcoming wage growth, citing a potential domino effect from the “Europe Now 2” program.

Spajić acknowledged the challenge of ensuring compliance with these measures due to insufficient inspection resources. However, reforms in the Inspection Administration aim to hold ministers accountable for their responsibilities.

Addressing concerns about inflation, Spajić reassured that wage increases are not linked to inflationary pressures, referencing recent deflation trends. He stated there would be no increase in electricity prices in January and emphasized the need for alignment with European pricing standards by 2027.

Overall, the “Europe Now 2” program is positioned as a transformative initiative to enhance Montenegro’s economic landscape, focusing on sustainable wage growth and living standards for its citizens.

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