A word from our President

The Montenegrin Employers Federation (MEF) is an umbrella employers’ organization, strongly committed to creating an environment for the development of sustainable enterprises. In the processes of representing and protecting the interests of the MEF membership, we actively contribute to the promotion of business environment, elimination of business barriers and the strengthening of competitiveness of our economy. At the MEF, we know that the business community is the main driver of job creation, economic and social progress. That is why we put all our activities and influence in the service of the economy – the one that creates, employs and builds the future of our state of Montenegro.

 

Predrag Mitrović, President of MEF

A word
from our President

The Montenegrin Employers Federation (MEF) is an umbrella employers’ organization, strongly committed to creating an environment for the development of sustainable enterprises. In the processes of representing and protecting the interests of the MEF membership, we actively contribute to the promotion of business environment, elimination of business barriers and the strengthening of competitiveness of our economy. At the MEF, we know that the business community is the main driver of job creation, economic and social progress. That is why we put all our activities and influence in the service of the economy – the one that creates, employs and builds the future of our state of Montenegro.

 

 

Predrag Mitrović, President MEK

Influence of the first wave Covid 19

42%%

of companies have completely stopped working

35%%

of companies were partially active

23%%

of companies were fully operational

10%%

of companies reduced the number of employees

90%

of companies recorded a decline in revenue in the 3rd and 4th quarter of 2020 compared to the same period in 2019. The average decline in revenue for all surveyed companies (430) was 47%.

0%

of companies were able to resume their activity in full – regularly, at the workplace, or by teleworking

0%

of companies operated in full or slightly reduced capacity

0%

of companies operated with significantly reduced capacity

0%

of companies did not continue their operations in the 4th quarter.

Operational status 

Due to the gradual lifting of government restrictions, companies gradually resumed operations in the third and fourth quarters and their operations improved compared to the second quarter of 2020.

0%

of companies experienced decline in demand for their goods and services

0%

of companies were faced with problems in terms of late payments by their clients

0%

of companies had problems with significant employee absences

0%

of companies had difficulties meeting the obligations towards suppliers

Key challenges

The sharp drop in demand and late payments by clients were the most critical challenges that the businesses faced, even after the restrictive measures were reduced.

0%

of companies stated that they do not plan dismissals in the coming period

0%

of companies practiced reduction or suspension of new employment

0%

of companies delayed increase in wages or annual bonuses

0%

of companies reduced costs for employee training

Labor relations

Although business revenues were significantly affected, the dismissal of employees in the third and fourth quarters of 2020 was one of the least used measures to reduce costs.

0%

of companies identified wage subsidies as a priority support measure

0%

of companies ask for favorable liquidity loans from IRF or commercial banks

0%

of companies feel that deferred tax payment is an adequate support measure

0%

of companies stated debt write off (partial or full) as a necessary measure

Expectations

As many as 78% of companies estimated that they will need additional economic support measures to ensure sustainability in the coming period.

0%

of companies projected that recovery will take more than 12 months

0%

of companies projected that recovery will take 6 to 12 months

0%

of companies stated that they will be able to recover within 4 to 6 months

0%

of companies assessed that recovery will last up to 3 months

Prospects for recovery

Having in mind the situation in the 3rd and 4th quarter of 2020, the companies presented their projections regarding the time they need for a complete recovery of their business operations

MEF Committees formed during Covid-19

Benefits of membership

Information

We provide information on regulations and prescribed obligations, compliance with legal norms, open calls, competitions and support programs, and other important issues.

Legal support

We provide free legal advice services in all areas that are relevant to the company’s business. We especially highlight consulting in the field of labor legislation.

Representation

We protect the rights of employers and represent their interests in relations with state administration bodies, local self-government bodies, and institutions, professional organizations and associations.

Education

We organize workshops, seminars, round tables, conferences and other forms of business education. We also process topics of importance for business through publications that we publish regularly.

Networking

We encourage the cooperation of the members of the MEF and connect them with businessmen and associations of employers, entrepreneurs, small and medium-sized companies at the regional and international level.

Promocija

We organize events aimed at promoting the members of the Union and award annual prizes to those who have stood out for their business and results.

What did MEF achieve so far?

By participating in numerous bodies at the national level, participating in working groups for drafting regulations and intensive work through the submission of comments and suggestions, in the previous period MEF has achieved a number of concrete results that are important for business activity in Montenegro.

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