H.E. Mr. Milo Djukanovic, President of the Republic of Montenegro

Interview with


H.E. Mr. Filip Vujanovic

Prime Minister of the Republic of Montenegro

Podgorica, July 20th, 2001

Filip Vujanovic was born in Belgrade, on September 1, 1954, where in 1978 he graduated from the Faculty of Law and received his first position in the First Municipal Court. He worked as an official associate in the District Attorney’s Office in Belgrade and since 1981 he lives and works in Podgorica. Before he started to work as a lawyer he was a secretary of the District Court in Podgorica. He was registered in the Attorney’s Chamber as the youngest member, and in 1989 he became a Chairman of the Chamber. Mr. Vujanovic became known to the wider public in 1992 when he defended Mr. Momir Bulatovic against personal indictment of Mr. Novak Kilibarda, leader of the People’s Party and Mr. Danilo Burzan, journalist. After that he was appointed Minister of Justice in the previous Government. Following 1996 elections, he was appointed Minister of Interior in the new Djukanovic cabinet. Those who know him say that he is well educated, eloquent, very active and a disciplined person with numerous positive characteristics that allows him to enjoy the confidence of President Djukanovic as one of the most decisive and persistent people to carry out the President’s vision and government policies. He is of Montenegrin nationality. Married with Svetlana, he has two daughters, Tijana and Nina, and his son Danila.

Following the Federal elections last October, Montenegro's parliamentary elections in April, and the lifting of international sanctions recently, how has the landscape changed for Montenegro?


Montenegro is continuing its path towards international and trans-Atlantic integration. The project of reconstructing a Montenegrin state has received enough of support in these elections, and I also believe that a consensus will be achieved for economic reforms.

I am currently meeting with representatives of opposition parties in order to listen to them and determine their acceptance to embrace necessary economic and political changes. So I expect to have the understanding and support of our opposition parties for these reforms, as well as for further activities on the reconstruction of a Montenegrin state.

On the economic front, what are your plans for the privatisation process? I understand that a list of companies has been announced – but what is the next step?

We have to accomplish our privatisation in two ways: privatisation of large companies and voucher privatisation.

There will be a tender for privatisation of large state companies. A tender has been announced for Telekom Montenegro, and we are preparing tenders for the privatisation of Jugopetrol, the national oil processing and distribution company, the Port of Bar, and Electroprivreda of Montenegro, the national electrical power company. Moreover, we are privatising some of our hotels, and I believe that our tourism economy will be attractive for privatisation.

In regards to mass voucher privatisation, we are halfway through its realization, which is planned to be finished in 8 months, and we have already completed part of this mass voucher privatisation through the distribution of vouchers. Now we are in the phase of establishing privatisation funds and the distribution of vouchers to family members or privatisation funds. Having in mind the interest shown in establishing these funds, and the extremely high quality of marketing provided, I believe that mass voucher privatisation will have good results.

The transparency and publicity of this process was good and I am also pleased to say that we did not receive any negative feedback on this process from international community.

The public also has to support the privatisation, as well the labour unions. What are you doing to make sure that there is public and labour support?

The process of privatisation is going through the Council of Privatisation, which brings together the Prime Minister, representatives of our state companies, representatives of our business banks, the Chairman of our Chamber of Commerce, and the President of our labour union.

Privatisation is completely open to the syndicates, and all the activities of the council are going to the syndicate. That is why I believe that we are providing full protection of the workers.

In light of the economic dependence on industry and aluminium in Montenegro, what is the plan to diversify the national economy?

It is of great importance for Montenegro to develop the aluminium industry as well as other productions supporting it. Our mind wealth, closeness to harbour to the aluminium factory and the excellent location of aluminium factory in regional area gives a good chance for development of aluminium industry into Europe.

I believe that strategic chances of Montenegro are in developing tourism, because Montenegro offers attractive destinations in coastal and mountain areas, and agriculture, because of the production and export of health foods.

I understand that a new foreign investment law has also been passed in order to facilitate foreign investment?

The foreign investment law is very stimulating, and ensures very profitable investment conditions. We are pleased that the experience of foreign investors has been very good, and I believe that the stability in this region will provide more investments this year.

You have now asked Mr. Djindjic to resume negotiations on the federation of Yugoslavia. What are you looking for now: a political solution to the issue, a democratic solution to the issue, or both?

A combination of political and democratic solution is the key to our future.

Politically, I believe that our responsibility and obligation is to determine the factual economical and state condition of Serbia and Montenegro. A democratic solution is to offer, after that, the possibility to citizens of Serbia and Montenegro to decide on the future of their country.


I believe that any serious state official will admit that economic systems of Serbia and Montenegro are completely different and cannot be merged into one, because our economic environment, our resources and our development projects are completely different.

Regarding existing economic conditions in the monetary field, Montenegro has adopted the Deutsche Mark, which in January 2002 will be converted in Euro. We have formed our own Central Bank, according to all standards of Central Banks, with expertise and assistance and control from international experts from monetary sphere. Now Montenegro can never return to the Yugoslav Dinar or enter back into the system of the Central Yugoslav bank.

We have also performed thorough reforms; we have completely liberalized exports and imports, brought customs services to standards of European Union, performed reforms of treasury and public expenditure, and entered the economic system with high degree of reforms. There is no turning back – we must go forward.

Even if Serbia desires, it cannot make the changes we have made in such a short period of time. The economy of Serbia is in a very poor condition, and Serbia cannot abandon the Dinar, from which they will service part of their public expenditure and help their economy.

As a former lawyer and Minister of Justice, you know better than anyone the importance of having a constitutional and legal framework for separation. Is there a referendum law that has been passed by the Parliament to legalize the process towards independence?

The law was passed in Parliament, and the essence of that law is that all citizens of Montenegro can vote on the referendum. It is necessary for more than half of the voting population to participate, and a majority decision is defined as 50%+1 of the vote.

The opposition wants all of Montenegrin citizenship owners, including the ones living in Serbia and elsewhere in the world, to participate in elections, and that a referendum decision should be made by a qualified majority, which means that a positive answer to the referendum question can be accepted only if it is 50%+1 of number of voters who participated in elections.

We are ready to adapt our referendum law to maximal standards of the international community, and of course we encourage all the opposition parties to participate in elections and to make it basis of stability for Montenegro.

During your political career, what has been one of your biggest challenges?

This project on the reconstruction of Montenegrin state is one of my biggest challenges. I do not see this reconstruction from an emotional or nostalgic aspect, but as the instrument necessary to further develop Montenegro, and become part of a modern European family.


What would be your final message to the readers of FORBES Global?

My final message is to come and meet us in Montenegro. Once they have visited the country, their impressions will be the best guarantee that their capital will stay in Montenegro.