Capital city Podgorica received BFC certificate; Podgorica gained status of certified local government for a favorable business environment

Capital city Podgorica received BFC certificate; Podgorica gained status of certified local government for a favorable business environment

The Capital City Podgorica received a BFC certificate, which was confirmed by the final Verification Report during the last supervisory inspection, which gave Podgorica the status of a certified local government that built a favorable business environment.

Namely, the Capital City met the evaluation requirements for ten very demanding criteria and more than 60 sub-criteria, which was presented in the final report, which resulted in a score of 84%. Most of the criteria referred to the work of the organizational unit in charge of local economic development, strategic planning, the existence of the Business Council and its transparent operation, procedures for issuing building permits, possession of promotional materials for investment potential, information on budget and local taxes, financial and non-financial support to entrepreneurs, etc.

This process was managed by the Office of the City Manager Marjan Junčaj, with a great contribution from the Bureau for Support of the Business Community of the Capital City. After fulfilling the criteria and obtaining the certificate, Juncaj said that it was another confirmation of the capital’s many years of work on creating a favorable business environment and stressed that Podgorica, as a financially stable system, will continue to work on attracting investments and interested companies that could potentially be partners in the implementation of projects that will enable further development of Podgorica.

The BFC SEE program (Business Friendly Certificate In South East Europe) is intended for municipalities and cities in Southeast Europe that have the appropriate capacity and are strategically committed to improving the business environment, attracting investment and stimulating the development of the local economy. For investors looking to relocate or expand their business in Southeast Europe, BFC SEE serves as a standardized tool for assessing local business conditions, indicating which municipalities and cities in the region provide the best investment climate.