Dear Members of MFIC,

In line with our regular program, we plan to organize the Annual Assembly of the Montenegrin Foreign Investors’ Council on November 21st, starting at 8:30 o’clock, Hotel Centre Ville, Podgorica.

The first part of Agenda will include a closed meeting of Assembly starting from 8:30 o’clock with the presentation of Council’s activities in the previous period, financial report, membership status, planned activities for upcoming period and election of President and members of the Board of Directors. Therefore, in accordance to our Statute, we invite you to apply for the position of President of MFIC and Members of the Board of Directors until November 14th.

In next part of the Agenda, from 10 o’clock, we are pleased to have the opportunity to welcome once again the Prime Minister Mr. Markovic as our special guest, and to discuss current business environment in Montenegro.

This year General Assembly will give special attention to promotion and recognition of ICT sector as a growing potential for Montenegro and to ICT solutions as a precondition for further development in all sectors.

Please confirm your presence as soon as possible to MFIC contacts.

The first part of Agenda will include a closed meeting of Assembly with presentation of Council’s activities in the previous period, financial report, membership status, planned activities for upcoming period and election process of President and members of the Board of Directors for the new one year mandate, as defined by the MFIC Statute. The candidates for BoD are: Mrs Nela Belevic (UNIQA Insurance), Mr Nikola Ljushev (Crnogorski telekom), Mr Pal Kovacs (CKB) and Mr Rashad Rasullu (Azmont Investment). Candidate for the position of the MFIC President and President of BoD is current President Mr Christoph Schoen, CEO of Addiko Bank.

This year, MFIC will have the honor to host Prime Minister of Montenegro, Mr Dusko Markovic, as a special guest speaker, who will present to the MFIC members achievements of the Government in the first year of mandate and answer the investors’ questions in relation to the future steps of the Government in ensuring sustainability and competitiveness of Montenegrin economy, financial consolidation, suppression of grey economy, improvement of labor legislation, ways to reduce tax evasion, digital transformation and progress of the EU integration process.

Montenegrin Foreign Investors’ Council is an association of leading foreign investors doing business in Montenegro. It is a non-governmental and non-profit organisation, established in 2009, with the aim to help improve investment climate and support business development in Montenegro.

The Council represents and expresses common interests of its members with the goal to further stimulate direct foreign investment in Montenegro and to facilitate communication and cooperation between the investors and official authorities of the state. It is also the best platform for sharing relevant information and aligns interests of various private owned industries in the country.

The MFIC member, Terna company, is sponsoring the visit to their construction site in Jaz. The visit is scheduled for 10 th May with the following agenda:

10:00 Arrival ofMFIC members to the meeting point
10:15 - 10:45 Overview and main aspects of the project
10:45 - 11:30 Site visit to substraction (Lastva)
11:30 - 12:00 Site visit ti the terrestrial cable route along hill (near Jaška river)
12:00 - 12:30 Site to the landing point (cape Jaz)
12:30 - 13:30 Lunch

We invite all interested members to join us on 10 th May and to apply by phone or by e-mail.

The MFIC Assembly is scheduled for Wednesday 29 March at 12 noon and is envisaged as a working internal meeting. This time, the Assembly will be hosted by our member, Societe Generale banka Montenegro.

The agenda will be available soon, but the main points will be the presentation of the ongoing activities and future plans of the Council, the introduction of new committees, the presentation of the new website, etc.

All members are invited to participate and share their ideas and suggestions.