Overall score : 64.7 Rank: 66
Montenegro's Legal System
Montenegro's legal system has not been strong throughout the period of time. Since becoming a country in 2006 from Serbia, Montenegro are still testing ways of a good legal system. In Montenegro organized crime has significantly risen and for an economic view many things are beginning to decline. No organized health-care and a low judiciary system make Montenegro a progressing country in obtaining a good legal system. And the freedom from corruption has risen 92.6%.
Montenegro's Competitive Market
Montenegro has no competitive market in the country. But outside, Montenegro is competing with countries such as Bosnia in aluminum. They're major competitor is Croatia. With a climate similar to Montenegro tourist are starting to go more to Croatia because of its slightly better legal system. But, with starting only under a week Montenegro is competing with 1st world countries very good.
Montenegro's Limit on Government's Regulation
Montenegro's government regulation has been increasing to a good state. Starting a business takes less than a week with no minimum capital required. Labor market continue to progress rising 77.5% compare to last year. But, their are many problems from high unemployment, massive subsides in bankrupt, to timely licensing requirements. Montenegro still has a long way in obtaining a a great country.
Montenegro's Capital Market
MOntenegro's market has been saying equal. The average tariff rate is 2.6%. Although the court system is regard moving slow, foreign investors are treated fair under the law. Trade freedom is at a good 84.8% but the nonperforming loans has increased to about 20% of total loans. Making Montenegro's banking sector poor.
Montenegro's has a strong central bank. With inflation very low. Montenegro's is gradually progressing. With the GDP growing 3.5% compare to 2013, Montenegro's thrive and determination is leading its country to a right path. Montenegro's inflation has been due to large amounts of alcoholic beverages and tobacco. But according to CBCG Montenegro's stability has progress.
Montenegro's Tax Rates
Montenegro's debt is equal to 57% of its GDP. With corporate income taxes at 9%. Its low taxes are the cause for the countries major debt. 45.9% equal to size of the domestic country. Because of these low tax rates Montenegro's can't fund major projects for education or for other things such as better law enforcement.
Montenegro's Free Trade
Montenegro's tarde has increasingly progress. With just becoming a country in 2006. Montenegro became a candidate in the European Union in 2009. Launch a Nato Membership Action Plan and joined the World Trade Organization in 2011. Its membership allows goods to come from all over Europe cheap and them shipping aluminum very cheap, which will make their GDP increase.
Challenges to Recovery and Sustained Growth in Montenegro