Podgorica, (MINA-BUSINESS) – Minister of Finance Novica Vukovic said that Montenegro is achieving visible results in implementing reforms and strengthening public finances, as confirmed by its progress in the European Union accession negotiations, as well as growing confidence from international financial institutions and investors.

At a meeting with Canada’s Ambassador to Montenegro, Michelle Lee Cameron, he said that the Ministry of Finance plays one of the key roles in the European integration process by coordinating activities across the largest number of negotiating chapters. 

He added that the country’s goal is to close all negotiating chapters by the end of the year and become the next EU member.

Speaking about economic relations with Canada, Vukovic said there is strong potential for their further improvement, recalling successful Canadian investments in Montenegro and expressing expectations that interest from Canadian companies will continue to grow, particularly in the fields of energy, finance, tourism, infrastructure, and sustainable development.

Cameron said that Canada strongly supports Montenegro’s European path and recognizes the progress the country has achieved in its reform process.

She said that continuing reforms is the best recommendation for attracting new investments and further economic development, confirming Canada’s readiness to remain a reliable partner to Montenegro on that path.

It was concluded that there is significant potential for further strengthening economic cooperation and connecting the business communities of the two countries through closer institutional and business dialogue, as well as the organization of joint business and investment initiatives.