Free Zones As Development Opportunity Of Montenegro On Transition Process

Vinko Nikic

Montenegrin Journal of Economics, 2009, vol. 5, issue 10, 153-157

Abstract: In this work, author will try to point out the role and importance of the free zones for development of our economy. As the process of recovery of domestic economy upon the sanctions imposed by European Community is underway and as our economy is in the process of transition and local enterprises and companies do not have enough capital to introduce new production technologies that match contemporary technical standards, free trade zones would be given a completely new role in order to match the standards demanded by today's global market. Contemporary free zones shall be production and export oriented zones which would, by attracting and utilizing foreign investments and benefits, enhance the development of the national economy, increase the employment rate and foster development of local and international transport. The a.m. would be the basic reasons why I decided to work on this topic.

Date: 2009
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