Montenegro’s Improved Credit Rating: A Boost for Investors and Reforms

Montenegro’s improved credit rating is a testament to the country’s ongoing economic reforms and a strong signal to international investors, according to the Minister of Finance, Novica Vuković. Vuković stated that the upgrade by Standard & Poor’s (S&P) reflects the stability of public finances, with current revenue exceeding both planned targets and last year’s levels. He emphasized that the upgrade signifies Montenegro’s progress in economic policies and development initiatives, creating a more predictable and stable environment for investors. The government’s commitment to fiscal stability and economic growth is evident in the strong performance of the budget for the first seven months of the year, with a surplus exceeding €42 million, surpassing the planned deficit by a significant margin.