The restructuring of the economy requires further valorisation of natural resources through the production of agro-food products, production of construction materials, wood processing, as well as the use of rich energy potential, said the President of the Chamber of Commerce of Montenegro (PKCG), Vlastimir Golubović.
He said that in cases of natural disasters, natural disasters and pandemics, countries in which the structure of gross domestic product (GDP) is concentrated in a smaller number of sectors are much more vulnerable, Pobjeda writes.
Golubović said that Montenegro is one such example, where the share of services – tourism, construction, trade and transport in GDP is extremely high.
“That is why we have the task of protecting ourselves as much as possible from the negative impacts and creating a space for achieving favourable results in sectors that are less vulnerable”, Golubović said.
He said restructuring the economy requires further valorisation of natural resources.
“I particularly emphasize the importance of the construction of hydroelectric power plants, whose production is managed on the basis of market demands, unlike wind and solar whose operation is dictated by climatic conditions”, Golubović points out.
He added that it could be stated that Montenegro is one of the few countries that have the ability to optimize electricity production by combining the mentioned sources.
“This gives us the right to believe that the state will soon become an exporter of electricity”, Golubović added.
He said that an additional impetus was the realization of the submarine energy cable project between Montenegro and Italy.
“The project is already delivering results, and in addition to its impact on Montenegro, it will also affect the electricity market throughout the region, which through our country and Italy will connect with the European Union (EU) market”, Golubović added.
Golubović said that, in addition to Greece, Spain, Croatia and many other countries, tourism in Montenegro is a significant factor of social and economic development, and from year to year, it is increasingly justifying its role as a strategic sector.
Successful tourism development has a multiplier effect on other sectors of trade, agriculture, transport and other activities.
“Efforts to diversify supply and extend the season, as well as high-quality tourism throughout the year, are significant for generating employment, increasing population standards and balancing regional development”, Golubović said./ibna