Montenegro's 'Euro Model' Sparks Debate: Benefits vs. Burden on Businesses

Montenegro's ruling party has proposed a new economic model, dubbed the 'Euro model', aiming to increase the standard of living and employment. However, the plan has sparked controversy, with some praising its potential benefits and others warning about its impact on small and medium-sized enterprises (SMEs). Critics argue that the sudden increase in the minimum wage could lead to job losses and bankruptcies among SMEs, which dominate the Montenegrin economy. Employers' unions have called for a year-long adaptation period to mitigate the effects of the changes. Meanwhile, political figures debate the sustainability, fairness, and real benefits of the model.