EU sets agenda of Montenegrin reform
Investors looking to expand their property portfolio into Montenegro can look forward to an increasingly stable and transparent country, following recommendations to bring it in line with European standards.
The world's youngest nation-state is still asserting itself as an independent entity following its secession from the union with Serbia last year, but it has been given comprehensive guidance on how to progress as a country in a European partnership document.
The document outlines conditions Montenegro needs to meet in the short-term (2 to 3 years) and medium-term (3 to 4 years) if it is to pursue its European Union ambitions.
Investors can therefore expect increasing transparency in the judiciary system, improved anti-corruption strategies and increased administrative capacity, Southeast European Times reports.
"Montenegro must adopt new constitution based on broad consensus, in line with European standards, especially in fields of human and minority rights, judiciary, defence and security forces control," the document states.
European Union enlargement commissioner Olli Rehn has asserted that Montenegro will not get a shortcut into the bloc, so the government can be expected to take the reform recommendations seriously.
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