Testimonials

“ProMonte was one of the first mobile operations in Telenors international portfolio. Launched in 1996 it has proved to be a sound investment, leading to Telenors 100% acquiring of the company in 2004. Telenor is pleased with its investment and particularly a functioning and steadily improving business environment in Montenegro. ProMonte has been the driving force to bring mobile penetration to 80% and mobile telecommunications standards in Montenegro to Western European standards”

Ivar Sliper, ProMonte/Telenor CEO
July, 2005

”I would personally like to thank you for your kind participation and support in the organization of the Swedish Trade Day in Montenegro. I am sure this event will be start of the kind of intensified cooperation in the commercial and economic field which we are aiming for. Once again thank you for supporting our efforts in further developing the commercial relations between Montenegro and Sweden and I look forward to future cooperation.”

H.E. Lars-Goran Engfeldt, Ambassador of Sweden
May, 200

“And for the uninitiated, there was plentiful to learn. Did you know that there is a country in the world, where you can register a business with a starting capital of exactly EUR 1 (in words: one), the corporative tax rate is 9% (in words: nine) and it takes no longer than 4 days (in words: four) to register a business? This fertile land for investment is named MONTENEGRO”

Axel Reiserer, EBRD Press Officier
May, 2005

"Areas in which the company expressed satisfaction include a legal system established to EU standards, tax and currency policies that also conform to EU standards, and an excellent labor force."

"Montenegro Government has had a long term desire to be integrated to EU and therefore public policy and laws – business and general - follow EU guidelines. Monetary and tax system is complaint to EU regulation, Montenegro official currency is Euro."

"All of the people we dealt were very capable and with high integrity. Government is big enough to have necessary stable bureaucracy but small enough that necessary requirements could happen quickly."

"Request from Government was very little. They demanded investment far lower than our business strategy. They understood our desire to grow up the company and they supported, assisted us very well based on Daido's request."

"Generally, the Government has already enacted laws in line with EU law (mainly copied from Italian law). Therefore we don't see a lot of socialistic thinking in the Government. The Prime Minister, President and other top people in the Government are pretty western minded."

"The workers and existing management of the company have also done a great job to understand and after 10 years of wars and embargos they understand they have a lot of things to learn and grow up."

Mr. Tim Allen, Manager, Overseas Sales and Affiliated Company Department, Thin Wall Bearing Company, Daido Metal Ltd and

Mr. Ikaw, head of the department, Daido Metal Ltd