MEF membership comprises entrepreneurs, SMEs, large companies, employers' associations at local and sector level as well as NGOs. Our members operate in all sectors of industry in Montenegro.
Unlike well-developed industrial sector in the past, Montenegro today recognizes tourism, agriculture, trade, energy, information technologies, telecommunications and financial services as main pillars underpinning the country's economic development. These sectors contribute the most to GDP and employ the greatest number of workers in real sector. The transition affected not only the structure of economy but also the size of businesses resulting in big companies be replaced with newly established small enterprises.
If we analyze the structure of enterprises in Montenegro it is obvious that the majority of enterprises are small and micro (over 97%) with small portion of medium and large enterprises. According to World Bank, New Business Density Indicator measures the number of newly registered limited liability companies per 1.000 working-age people (15-24 years). Montenegro’s score in 2014 was 6.9.
Montenegro’s geographical positions and the openness of its economy are some of the positive factors that make Montenegro attractive to foreign direct investments. From 2006 to 2009 Montenegro was a leader in the region regarding FDI but the economic downturn caused by global economic crisis had negative influence on such trends. Still, with a few current infrastructure projects, Montenegro is making positive steps forward and according to the Ministry of Finance the average GDP growth for 2015-2018 is projected at 3,8%.
Despite positive shifts and trends, 2016 is still characterized by great number of obstacles businesses face. The main barriers to enabling business environment in Montenegro, seen by business sector, are: collection of receivables, insolvency, access to financial services etc. Wanting to make its own contribution to improvement of business environment in Montenegro, MEF identified 5 groups of key business barriers (inadequate regulatory framework, access to financial resources, informal economy, corruption, education and labor market mismatch) with number of recommendations for each group.
Montenegrin Employers Federation (MEF) is an independent, non-governmental, non-political and not-for-profit organization based on voluntary membership. Montenegrin Employers Federation is an umbrella and representative organization of employers, its membership comprising entrepreneurs, SMEs, large economic entities, employers’ associations at sector and municipal level as well as NGOs.
Montenegrin Employers Federation (MEF) is an independent, non-governmental, non-political and not-for-profit organization based on voluntary membership.
Montenegrin Employers Federation is an umbrella and representative organization of employers, its membership comprising entrepreneurs, SMEs, large economic entities, employers’ associations at sector and municipal level as well as NGOs.
MEF protects the interests of employers, improves business climate and promotes entrepreneurship and responsible business practice with an aim of creating strong economy and prosperous Montenegro.
MEF Vision: “A business environment where all citizens will have the opportunity for permanent and stable employment.”
By becoming a member of MEF, your company will have the possibility to:
By becoming a member of Montenegrin Employers Federation, for a symbolic amount of a monthly membership fee, your company will contribute to institutional unity of employers and entrepreneurs and to creation of a more favorable business environment in Montenegro.
We hope you will find enough reasons to join us!
MEF General Secretariat
MEF protects general and specific rights and interests of its members, especially:
For its members, MEF provides:
Being an organization that gathers SMEs and entrepreneurs in the country, representing them globally, MEF is recognized as an independent voice of Montenegrin business.
Members of MEF are entrepreneurs, small and medium sized enterprises, large economic systems and employers associations.
If you would like your company to become our member, you need to fill in the Application Form which is to confirm such intention. Upon completion of the Application Form, please send it to firstname.lastname@example.org of fax it to 020 209 251.
Along with the Application Form, you will be asked to send us the confirmation of paid membership fee. The payment should be made to our bank account: 540-1000031470821-57.
For further inquiries, please contact MEF Members Support Service at 020 209 250 or visit us at our premises (Cetinjski put 36 (Zgrada Milic), Podgorica).
Download: MEF Application Form