Bulletin - Vlada Crne Gore

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European Bank for Reconstruction and Development BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006 EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT INTRODUCTION European Bank for Reconstruction and Development (EBRD) was established in 1991 with a view to speed up and strengthen market reform process and transition in Central and East European countries and create conditions for efficient functioning of open market economies in these countries. It is owned by 60 countries and two intergovernmental institutions. EBRD, with its capital, is the largest single investor in the region. The Bank uses its relationship with the governments in the region to promote creating of better and more efficient business environment. The mandate of the EBRD stipulates that it must only work with the countries that are committed to democratic principles. Respect for the environment is an integral part of the strong corporate governance attached to all EBRD investments. EBRD, inter alia, provides project financing for banks, industries and business, both new ventures and investments in existing companies. The Bank also supports privatization process, restructuring of state-owned companies and improvement of municipal services. MEMBERSHIP OF THE STATE UNION SERBIA AND MONTENEGRO TO THE EBRD Former Socialist Federal Republic of Yugoslavia was one of founders of the European Bank for Reconstruction and Development since 1991. Accordingly, the SFRY was entitled to use the Bank funds. After break-up of the SFRY, State Union Serbia and Montenegro (which was Federal Republic of Yugoslavia until 2003), regulated its membership to the EBRD in January 2001, on the basis of Resolution No. 81 adopted by the EBRD Board of Governors on 13 December 2000 on SaM membership to the EBRD. It is noteworthy that State Union Serbia and Montenegro (SaM) hosted EBRD Annual Meeting. Namely, 14th Annual Meeting was held in Belgrade from 21-23 May 2005. Serbia and Montenegro, as a host country, successfully presented and promoted its economy and potential opportunities and projects for making foreign investments to the representatives of governments, central banks, international financial institutions, banks and major companies that were present at the Annual Meeting. 26
European Bank for Reconstruction and Development BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006 International Co-operation and EU Integrations Department, Co-ordinator Jadranka Radunović INFRASTRUCTURE PROJECTS IN THE REPUBLIC OF MONTENEGRO Following renewal of SaM membership to the EBRD, Montenegro has intensively co-operated with the EBRD representatives. Over the last couple of years, EBRD invested significant funds in Montenegro by providing loans for projects in the area of transportation, air and road infrastructure as well as for the privatization of companies. • Pre- Privatization Loan for Aluminum Plant Podgorica (KAP) aimed to facilitate the preparation and implementation of the KAP privatization, with the assistance of an independent privatization adviser and independent adviser for the Project Implementation Unit. • Podgorica and Tivat Airports Modernization Project for ensuring a higher level of safety and better services in compliance with the International Civil Aviation Organization (ICAO) standards. The funds were earmarked for construction of a new passenger terminal; modernization and runway lightings of the Podgorica Airport; extension of existing passenger terminal at the Tivat Airport; procurement of fire-fighting equipment; and consulting services. • Future Air Traffic Management Modernization and Upgrading System. The credit funds were earmarked for modernization of air traffic control with a view to improving air traffic safety and capacity increasing. • Montenegro Regional Road Rehabilitation Project. The Project is aimed at rehabilitation of the road and stabilization of slopes on Mioska-Kolasin road, and construction of climbing lane at Obzovica, on the section of Cetinje-Budva road. Namely, EBRD invested in Montenegro credit funds amounting 28,18 mil. eur, out of which following projects were funded: The Bank is interested in further investing in Montenegro, primarily in terms of providing loans for projects related to improvement of transport and energy sector and regional infrastructure in the country; projects related to environmental protection along the Montenegrin Coast that are relevant for development of tourism which represents a potential for investment growth and impro- 27
Page 1: • BulletinIV • April - June 200
Page 4 and 5: TABLE OF CONTENTS BULLETIN OF THE M
Page 6 and 7: Introduction BULLETIN OF THE MINIST
Page 8 and 9: Law on property-legal relations to
Page 10 and 11: Law on property-legal relations to
Page 12 and 13: New draft Law on state property BUL
Page 14 and 15: New draft Law on state property BUL
Page 16 and 17: Restitution BILTEN Ministarstva fin
Page 18 and 19: Contents of draft law on tax adviso
Page 20 and 21: Procedures In the tax procedure BUL
Page 26 and 27: „1000 housing credits” BULLETIN
Page 30 and 31: European Bank for Reconstruction an
Page 32 and 33: Support to reform processes of the
Page 34 and 35: Most important activities of the mi
Page 36 and 37: Review of other news BULLETIN OF TH
Page 38 and 39: Payment of third instalment of old
Page 40 and 41: Report on account of public debt of
Page 42 and 43: Macroeconomic Analysis BULLETIN OF
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Bulletin - Vlada Crne Gore

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