Budva Municipality Under Investigation, New Social Economy Law Proposed
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Montenegro is seeing significant developments on both the legal and economic fronts. The Special Prosecutor's Office has initiated an investigation into the Municipality of Budva regarding a potential overpayment for a building, with millions of euros at stake. This comes as the government pushes forward with new legislative measures, including a draft law on social economy that would require enterprises in this sector to reinvest at least half of their profits.
Meanwhile, the European Union has urged Montenegro to maintain momentum on its reform process, specifically highlighting the Central Election Commission and the Judicial Council. Economically, the country faces an annual inflation rate that has risen to 4.5%, alongside concerns about a potential construction boom where concrete growth outstrips infrastructure development.