MANAGEMENT OF ECONOMIC AND TRADE RELATIONS BETWEEN MONTENEGRO AND THE EUROPEAN UNION

Abstract

Primary aim of is to identify a set of arguments to show continual justness of the integration process of the Western Balkans to the European Union, despite of skepticism among the most member countries of the EU due to the financial crisis. Montenegro has been and still is open to investors, it has also become a country with a fast-growing tourism industry, the minimum wage has been raised and the privatization of state-owned enterprises has started. At the same time, there is a presumption that joining the European Union and the North Atlantic Alliance will improve not only the country's political but also its economic position. The result of analysis is the assessment of the key factors, which affect the development of EUMontenegro relations. The European Union has been Montenegro largest investor and trading partner for the last few years. In addition to investment co-operation, simultaneously it is developed adequate business environment, where principles of the market economy are applied. Montenegro has also become a desired destination for business companies, which carry out their business intentions on the territory of Montenegro.