Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Montenegro president calls October vote, key to EU-NATO hopes

Published 11/07/2016, 13:57
Updated 11/07/2016, 14:00
© Reuters. Montenegro President Filip Vujanovic signs the Paris Agreement on climate change at the United Nations Headquarters in New York

PODGORICA (Reuters) - Montenegrin President Filip Vujanovic on Monday set Oct. 16 for parliamentary elections regarded as crucial for his country's aspirations to join the European Union and NATO.

The smallest of the former Yugoslav republics, Montenegro opened accession talks with the European Union in 2011 and was invited to join NATO in December. But to progress on both fronts, it needs to step up the fight against corruption and show its electoral process is transparent and fair.

Vujanovic announced his decision in a brief statement on Monday. Parliamentary voting is held every four years in the small Adriatic coastal state. The last one was October 2012.

The government of Prime Minister Milo Djukanovic has been criticised by both the opposition and EU over alleged election fraud and abuse of office, including the use of state funds for the election campaign of the ruling party.

Both the government and Djukanovic who, with one brief pause, has led Montenegro as either president or prime minister for the past 25 years, deny the accusations.

In May, parliament approved legislation giving opposition parties control of the finance, labour, police and agriculture ministries and state institutions such as the investment agency, pension fund and tax office to demonstrate a commitment to financial transparency.

© Reuters. Montenegro President Filip Vujanovic signs the Paris Agreement on climate change at the United Nations Headquarters in New York

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.