Transcript Dra*en Vlaovi* MIPA Project Manager

• Set up in March 2005 MIPA operates under the Prime
Minister Office and serves as a platform for marketing
foreign direct investment opportunities on behalf of
the Government.
• The President of MIPA’s board is Prime Minster, while
members of the Board are ministers and representatives
of private sector.
• Basically, MIPA has a triple role:
#1 To assist foreign investors in setting up their businesses;
#2 To recommend GoM to remove red tapes for doing business;
#3 To provide statistics to the GoM about foreign investments;
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1994 - 1997 UN Sanctions;
1999 - NATO bombing;
2000 - 20% of total population were refugees;
2000 - introduced DEM;
2002 - introduced EUR;
Montenegro – the only ex-YU republic on
which territory there was no war and with the
stable government for 16 years;
• 2006 – Montenegro recover its independency;
1. The highest FDI per capita in Region (2007 &
2008);
2. According to Fraser Institute - the highest level of
economic freedoms in the region;
3. Largest share of privatized capital in the region;
4. The most dynamic capital market in the region
before crisis;
5. Budget surplus (2007 & 2008);
6. The only state in the region that use EURO;
7. The lowest unemployment rate in the region;
8. The lowest inflation rate in the region;
• Telecommunication – 100% private (3 GSM);
• Banking – 100% private (11 banks);
• Capital market – 100% private (13 broker
houses);
• Agriculture – 100% private;
• Services – 100% private;
• Oil import and distribution – 100% private;
• Tourism – mostly private;
• Industry – mostly private;
1. Safe and stable;
2. Predictable macroeconomic policies;
3. Ability to remit profit, dividends and interest;
4. National treatment of foreigners;
5. Euro – no hidden inflation;
6. Flat Tax System (CT 9% - PIT 9% - VAT 19% );
7. Easy Business Start Up (1 € + 4 days);
8. International Accounting Standards (IAS);
9. Location and climate;
10. Increasing economic freedom;
• FDI’s are changing way of thinking;
• Speeding up the reform processes;
• Changing the structure of the economy;
• Contributing to GDP, GDP growth, employment,
budget revenues, export/import…
• Developing regional cooperation – business
language is unique language;
• Investors are coming from 88 countries;
• There is no domination of any country relative to
the number of registered investors ;
• Based on the value invested, investors from
following countries are leaders:
Norway,
Austria,
Russia,
Slovenia,
Hungary,
Great Britain.
Total amount of FDI in the past few years
1,070
678
692
685
633
534
505
384
196
145
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013july
• Unique investment opportunities;
• The reform of the financial services sector;
• The positive experience of existing investors;
• The ability to serve customers in Western and Central
Europe;
• The quality of service MIPA provides
• Global Economic and Financial crisis;
• Tenders that were cancelled, unrealized privatization
plans and lack of spatial plans that encourage
Greenfield investments.
Number of registered foreign companies
4950
4863
4830
4756
Services
Including
banking
Infrastructure
Energy
Investment
Opportunities
High Tech
Tourism
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MNE is using only 20% of its hydro potential.
25% of the primary energy in period 2000-04
was produced from renewable resources.
GoM adopted Strategy for Energy
Development (2010-25) and Action Plan.
One of the goals is new 15-20MW from Small
HPP on over 40 locations until 2015.
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Solar energy – 2,500 hrs/year.
Thermo energy – Coal pit Maoce, Pljevlja (2x250 MW) and
Coal mine in Berane.
• Legal framework exist (Law on Exploartions and Productions
of Hydrocarbons and Rules on Safety at Work in Marine
Seismic survaying);
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311 km2 of 3D seismic surveys are completed;
• Two deep exploration wells have been drilled:
JJ-2 (3,700 m) oil was registered;
JJU-1 contained oil traces
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AVO seisimic analyses estimate that the gas
exploration risk is low.
• AD “Montecargo” Podgorica
• “Budvanska Rivijera” AD Budva
• HTP “Ulcinjska rivijera” AD Ulcinj
• Electrodes plant “Piva” AD Plužine
• “Montenegro Airlines” AD Podgorica
• ICM Nikšić
• During this year, the implementation of already published
tenders has been continued, encompassing the following
companies: Pobjeda AD Podgorica, Institut "Dr Simo
Milošević" AD Igalo, Container Terminal and General
Cargo AD Bar.
Public tender procedure for the privatization of Container
Terminal and General Cargo JSC Bar was closed.
Following the successfully finalized negotiations with the
bidder, Global ports Holding, Istanbul, Turkey, draft
agreement on the sale of 62,09% of the company’s share
capital was adopted.
• Number of sites and establishments will be offered for
lease through the establishment of private-public
partnership. The emphasis is thereby placed on Ada
Bojana, Velika Plaza, Bjelasica-Komovi, Skadar Lake,
Morsko dobro, Durmitor etc.
Number of tourists
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
2005
2006
2007
2008
Number of tourists
2009
2010
2011
2012
Number of foreign tourists
2013July
• Concessions shall be awarded under the
equal, transparent and non-discriminatory
requirements, for the usage of natural
wealth, goods in general use and other
goods of general interest, performing
activities of the public interest, and
enabling infrastructure development and
functioning.
• The Concessions act regulates the
conditions, manner and procedure for
granting concessions.
• Concessions shall be awarded by a public
announcement. The process of public
bidding and selection of bidders, according
to the public notice, conducted by an ad
hoc commission appointed by the tender
competent body for the subject area to
which the concession applies.
• Montenegro has great potential for
investment growth through the application
of the concession model. Particularly stand
out natural and social resources: large
quantities unused water, forest and
woodland, agricultural land, tourism
potential, travel, rail, air and maritime
transport.
Jovana Tomasevica 2A
Podgorica 81000, MNE
Phone:
(00 382 20) 203-140; 203-141; 202-910
E-mail:
Drazen.Vlaovic@ mipa.co.me
Web site:
www.mipa.co.me