Privatization

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EC Montenegro Progress report 2008

privatization“Montenegro lacks strong and independent supervisory and auditing authorities. Such authorities would be needed in order impartially and objectively to enforce and assess declarations of assets and financing of political parties, but also to monitor privatisation and public procurement procedures and the State budget. The existing monitoring committees do not fulfil these tasks satisfactorily and the DACI plays only a limited role in this regard. Declarations of assets by political parties so far have been incomplete and public authorities were unable to enforce the law or to investigate the data provided. This situation will only partially improve under the new law. Administrative corruption at local level remains high, particularly in coastal areas, as a result of booming development, privatisation and public procurement.”

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