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HomeEconomyHalf of the investments should be in the north, the project in...

Half of the investments should be in the north, the project in a municipality where Serbs are the majority…

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“Half of the Investments Should Focus on the North: A Project in a Majority-Serb Municipality”

Milan Knežević, Photo: Parliament of Montenegro/Igor Šljivančanin

The parliamentary group of the Democratic People’s Party, led by Milan Knežević, has submitted eight amendments to the Bill on the Agreement with the United Arab Emirates. These amendments stipulate that at least half of the total investment value must be allocated to the northern region of Montenegro, with one project specifically designated for a municipality that has a majority Serb population.

Furthermore, they propose that any expropriation of property belonging to a religious community should require the consent of that community. Additionally, the UAE Government must disclose detailed information regarding the true ownership of companies and individuals financing these projects. Individuals currently facing criminal proceedings or investigations in Montenegro or the UAE should be barred from participation.

The DNP insists on prohibiting involvement in these projects for anyone linked to current or former officials in Montenegro, including their immediate family members.

All amendments were submitted in relation to the agreement concerning cooperation in tourism and real estate development.

They emphasize a commitment to fostering construction in northern Montenegro for regional development, noting that municipalities with a Serbian majority in that area have often been overlooked.

“This amendment guarantees that at least half of the funds from the Agreement are designated for projects in municipalities within the northern region, thereby promoting inclusive and balanced economic growth. Implementing at least one investment project in a municipality with a majority Serb population in the northern region would enhance economic stability in areas that were nearly pushed to the edge by the previous administration,” the explanatory statement for the amendment asserts.

They have sought the protection of religious communities’ properties due to arising sensitive matters regarding churches, monasteries, and associated lands. These entities hold special status and protection under both religious norms and legal frameworks, prompting their call for consent prior to any actions being taken.

Additionally, they argue for barring participation from companies tied to current or former officials to avoid conflicts of interest and systemic corruption. They further advocate for the exclusion of convicted individuals or those facing criminal investigations to align with EU standards and uphold Montenegro’s reputation.

“To ensure transparency, prevent corruption, and safeguard the public interest, it is crucial for Montenegro to maintain complete ownership data for all entities involved in the agreement’s execution, including associated parties. Given the potential for a multitude of entities to participate through subcontracts, consortia, and various collaborative arrangements, this transparency measure enables timely identification and prevention of risks by the appropriate authorities,” the explanatory memorandum for the two amendments states.

They have also requested clarification regarding the term “initiation” in the agreement, citing its lack of legal precision in the Montenegrin version of the document.

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