In the past twelve months, energy prices seem to have taken a life of their own. Their continued and, at times, shocking growth has raised concerns across the region and prompted differing responses and policy changes in each country. To get a more accurate picture of recent developments, we reached out to experts in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey and asked them about the current energy prices, their impact on local economies, the drivers behind their growth, and whether any plans were in place to address the issue.
In “Official Gazette of Montenegro” no. 145/21 and no. 146/21 on 31, December 2021, amendments of the series of laws were published, including Law on Tax Administration, Law on Personal Income Tax, Law on Corporate Income Tax, Law on Contributions for Compulsory Social Insurance, Law on Compulsory Health Insurance, Labor Law, Law on Companies.
“Things are moving in cycles [in Montenegro], as in most parts of the Balkans,“ says Partner Sasa Vujacic of Vujacic Law Offices. “This is an election year in Montenegro and that will be reflected on the business sector for sure, as we approach election day.“ Vujacic reports that the election date “should be no later than October of this year“ and says that, although more political influence will be felt in all sectors of business as it approaches, “not a lot of changes in Montenegro's political structure are to be expected."