Mugoša, Photo: Boris Pejović
Corporate insolvency is one of the most serious challenges facing the Montenegrin economy, said Social Democrat (SD) MP and European Union representative Boris Mugoša.
“The number of blocked companies and entrepreneurs has increased by more than 2,3 thousand compared to the end of 2020, and the amount of blocked debt has more than doubled and increased by almost 820 million euros,” Mugoša said in a statement.
He warned that micro and small businesses, which make up 93 percent of the economy, have been operating at a loss for the sixth year in a row.
Mugoša also reminded that he has been…