• 1 National Conference on the Future of Work

    National Conference on the Future of Work was organized on 5 May 2017 by the ILO and Social Council of Montenegro, with support of the University of Montenegro and United Nations in Montenegro. Conference was focused on the future of labour relations and the future of youth employment and achievement of SDG8. Director of ISSP, Jadranka Kaludjerovic spoke about youth employment and unemployment.

  • 2 ISSP received Gratitude from BMDA

    ISSP received Gratitude from Baltic Management Development Association (BMDA) for being the partner of the 15th Annual BMDA Conference “You Don’t Have to Be Big to Be Successful”. The Conference was organized at University of Donja Gorica on 26-28 Apeil 2017. Representatives of ISSP participated in the Conference.

  • 3 Press conference: Projections of Montenegrin macroeconomic trends

    ISSP organized press conference on 24 April 2017. Researchers from ISSP and KOF Institute presented the first forecasts of macroeconomic trends of Montenegro. The key speakers at the conference were Jadranka Kaludjerovic, director of ISSP, Vojin Golubovic researcher and researcher from KOF Institute Michale Graff and Yngve Abrahamsen.

  • 4 Laguna Heritage Cluster on a study visit to Slovenia

    Members of Laguna Heritage Tourism Cluster have visited Slovenia in order to learn about best practices in tourism clustering and tourism branding, including Ljubljana Tourism Organization, Ljubljana Open Kitchen, Dobrote Dolenjske, Jarina, Adventure park Geoss.

  • 5 LSE Conference “Social Cohesion and Economic Governance”

    On 6-7 April of 2017, London School of Economics Research Network on Social Cohesion in SEE has organized 3rd Conference – “Social Cohesion and Economic Governance”. Three researcher of ISSP have participated in the conference. The program of the conference can be found here.

  • 6 Attract Danube

    Within The Danube Transnational Cooperation Programme, ISSP has started implementation of project Attract Danube, in cooperation with 10 European project partners from Danube Region, aiming at strengthening the influence on territorial development, regional development, business and tourism by setting up the capacity building activities and participation processes of relevant stakeholders.

  • 7 Laguna Heritage Tourism Cluster

    Within the IPA framework, ISSP is implementing a project  called Laguna Heritage Tourism Cluster, aiming to promote cooperation between several tourism providers from Montenegro and bring together a joint tourism product to the tourism market of Montenegro. Within the project, a Workshop with all the stakeholders was organized, with expertize of Slovenian Nativa Institute, on 03.02.2017, where the examples of good practices and ideas for future collaboration of identified cluster were discussed.

  • 8 COMPOSE Project

    ISSP has started a project in association with 15 partners from Mediterranean countries. COMPOSE is a three-year project whose main objective is to increase the share of renewable local energy sources in energy mix strategies and plans in 11 Mediterranean regions.

    The project builds on existing experience and know-how from previous projects and initiatives to provide a RES development planning synthesis model and therefore the increase thereof in energy mix of selected areas by promoting the development of local business in combination with the development of local added value chains.

    Altogether, COMPOSE will implement minimum 15 pilot activities aiming to promote, strengthen and increase the use of RES hand in hand with EE measures.

  • 9 From University to Employment: Higher Education Provision and Labour Market Needs In the Western Balkans

    European Commission has published a Synthesis Report called: “From University to Employment: Higher Education Provision and Labour Market Needs In the Western Balkans”. The Report for Montenegro was made by ISSP researchers: Jadranka Kaludjerovic, Milika Mirkovic and Jovana Strugar.

    Full version of the report can be found here.

  • 10 Higher Education Provision and Labour Market Needs

    The representatives of Institute for Strategic Studies and Prognoses Milika Mirkovic and Jovana Strugar presented country report “Higher Education Provision and Labour Market Needs in Montenegro” at Ministry of Education on Thursday, 7th July 2016. This project was implemented by the European Commission, while the study for Montenegro was prepared by ISSP and LSE. The study was realized in all Western Balkans country and separate report has been prepared for each country and the country report analyses HE provision and labour market opportunities by looking into four inter-related issues: the provision of HE, current labour market conditions for graduates, the challenges graduates face during the transition from HE to the labour market, and the type of skill mismatches and gaps. The report concludes with a set of recommendations.

  • 11 First meeting of the RRPP Western Balkans Labour Market Research Network

    Within the project ”Strengthening the Labour Market Research Network – Toward the Understanding of the Political Economy of Unemployment in the Western Balkans”, implemented by FREN from Belgrade in partnership with and Institute for Strategic Studies and Prognoses and American College Skoplje, a first working meeting was held in Kotor in the period between 7th and 9th of July 2016. This project is realized within Regional Research Promotion Programme supported by the Swiss Agency for Development and Cooperation (SDC).

    You can find agenda here First meeting of the RRPP Western Balkans Labour Market Research Network

  • 12 First Annual Conference of the Western Balkans Migration Network (WB-MIGNET)

    The representative of Institute for Strategic Studies and Prognoses Mr. Vojin Golubovic participated at the First Annual Conference of the Western Balkans Migration Network (WB-MIGNET) in Tirana on 15-16 April 2016.  It was attended by a number of representatives from government institutions, international organisations, academia and students.It  was hosted by the Center for Economic and Social Studies (CESS), Albania, one of the Network’s founders together with six other think tanks: Institute of Economics Zagreb, Croatia; Center for Development Evaluation and Social Science Research (CDESS), Bosnia and Herzegovina; Institute for Strategic Studies and Prognoses (ISSP), Montenegro; South East European University (SEEU), Macedonia; Group 484, Serbia; and a group of independent researchers from Kosovo. The Conference is co-financed by the CEI Cooperation Fund


International conferences attended by ISSP


These session define priorities for reform, shape the economic policy debate and serve as a powerful advocacy tool for specific policy prescriptions for reform. They allow ISSP to play a key role in helping to structure the economic reform debate.


Conference organized: Institute for Strategic studies and prognoses from Podgorica, Chesapeake Associates and Institute for Global Economic Growth. More then 160 participants attended the conference from 50 different countries. The known speaker was, Mark Laar, Estonian prime minister.

On the conference, concept of Montenegro as macro state was presented. Montenegro microstate concept, is a political, economic and cultural reduction concept overall. It is the meter of changing concept of a system and institutions that could enable faster integration of Montenegro into the region, Europe, world organizations. The result should be the increase of a life quality of Montenegrin citizen.

The conference was organized in three sessions:

Session I: Does Free Trade and Economic Freedoms Contribute Economic Development (Competition vs. Harmonization)
Session II: What is Optimum Size & Structure of Government for Economic Development? – Tax Structure, Tax Competition, and Best Fiscal Policy Mix -
Session III: Can Micro State be Economically Sustainable? – Pro and Cons -

Light motive “And as a most important question of the conference, as we heard from some participants, is not whether the small state (in terms of geographic and population criteria and size of the government) can be economically viable, but can the small state (in territorial and population terms) be viable if it does not have a small government.”

Main conclusions of the conference:

• Property rights need to be protected
• In order to have development, trade must be liberalized and customs rates need to be as low as possible, preferably 0, because the only chance that a small economy has is to be open
• The government does not make money, it just spends it
• Taxes need to be lower or in some cases completely abolished (personal income tax, corporate profits tax)
• Citizens and businessmen need to be aware of the actual level paid to the government for it services and what they are getting for that money, is the exchange equivalent 
• Small state can be economically sustainable, successful, flexible, and profitable
• Minority rights need to be protected and the least minority is an individual
• Economic freedoms are necessary 
• Small economy needs to specialize 
• Free capital flows

General ideas that have been shared is that the role of government in the economy should be decreased, taxes should be reduced and flat rates introduced, trade policy should be liberalized, and that the only chance that a small economy has is to be open.


The Institute for Strategic Studies and Prognoses (ISSP) organized one-day regional conference entitled Electricity in Montenegro and Southeastern Europe – Best Practices and Lessons Learned. The objectives of the Conference were: (i) to present the challenges and opportunities for Montenegro and countries in the region in the energy sector, (ii) to open a dialogue on the question of how to provide stabile and reliable electricity in Montenegro and in the region, and (iii) to present success stories throughout the region which can be used as a model in other countries, including Montenegro.

More than 110 experts, governmental representatives, policy advisors, advisors to the regulatory agencies from Slovenia, Croatia, Bosnia, Romania, Serbia, Kosovo, Albania, Bulgaria and Montenegro, and media representatives participated at the Conference.

Conference focused on three topics:

(i) laws and regulation; 
(ii) tariffs and 
(iii) corporate restructuring.

ISSP is working on improvement of the energy legislation in Montenegro, as well as on better understanding of the key problems in the energy sector during the transition process. Through this conference we aimed to actuate an on-going policy dialogue with policy makers and to create a framework for private-public partnership.

The aim of the conference was to help adoption of Energy law, stress energy problems in Montenegro, show necessity of energy sector strategy creation as necessity of privatization and restructuring in this area and creation of conditions for building of new energy sources.

Light motive: There is big need for regional cooperation. It is urgent and important for the development of the strategy of the energy sector in the region. Regarding this issue we do not have choice, if we do not want cooperation the market will compel us.


The ISSP and CEPS organized the conference on the future of Montenegro in Brussels in February 2001 attracting considerable interest from the media and from the policy-making community. At that time the official position of the EU and US was that Montenegro should not contribute further to what they saw as a ten year long process of Balkan disintegration. Montenegrin representatives put forward the serious case for Montenegrin independence. The discussions and working papers presented on the conference are published in the book “Future of Montenegro”.


The ISSP plays a critical role in key policy issues by providing a forum for debate based on its research, policy papers and other analytical information. These events are designed to focus the public debate on the strategic issues related to the development of a market economy. Participants include ISSP representatives and any players relevant to the issue at hand, including politicians and business owners. All round tables discussions are audit recorded and published in written form on local language.


The round table was held on September 2000 in Podgorica. The goal of this event was exchange of views regarding privatization of electric power industry as well as increase of the public awareness about this kind of privatization. It was agreed that basic preconditions for the capital investments, in the first place foreign from private sources, should be created in Montenegro in order to increase the quality of electric power supply.


The round table was held on September 2000 in Podgorica. For Montenegro decided on privatization of infrastructure activities, such as Telecom, Electric Company, Water works, Public Utility Service, ISSP in collaboration with Know-How Fund, UK organized this round table to indicate real danger of replacement of current state monopoly with private monopoly if the second is not regulated in the adequate manner. The aim of the economic regulation is to protect consumers from the obstinacy of any private owner. The main idea presented on the discussion was establishment of independent regulatory institutions which are free from the political influence.


The round table was held on April 19th 2001. The aim of the round table was to point out that the pension reform is one of the greatest challenges Montenegro is faced with at the moment. It was agreed that a long-term solution of the pension system reform is implementation of the private component. Participants highlighted all the benefits Montenegro would achieve from the introduction of a private pension fund system. From the very constructive discussion emerged the conclusion that as soon as possible self-sustainable pension system should be created if Montenegro is to become a part of the developed world.


The round table was held on October 2001 in Podgorica. Introduction of the international accounting standards is crucial for further development of financial system in Montenegro and their adoption and implementation could facilitate all the efforts in the process of privatization. The participants of the Round table agreed on the fact that adoption of these standards means the adoption of the standards of developed world.


The round table was held on November 2001. The discussion included: Enterprise Insolvency Law, Cross-Border Insolvency Law and Secured Transactions Law. The conclusion of round table was that these laws play important role in creation of new business environment in Montenegro and that their intention is increase of safe investments.


The round table was held on December 2001 in Podgorica in collaboration with the Ministry of trade. The aim of this round table was to initiate expert discussion on Draft Laws, especially bearing in mind dynamic of changes in the informative field, both in the world and Montenegro and for the fact that the number of the direct participants in electronic trade or users of electronic signature is increasing day by day.


The round table was held on December 2001 in Podgorica in collaboration with the Ministry of trade. The aim of this round table was to initiate expert discussion on Draft Laws, especially bearing in mind dynamic of changes in the informative field, both in the world and Montenegro and for the fact that the number of the direct participants in electronic trade or users of electronic signature is increasing day by day.


The round table was held on February 21st 2002 in Podgorica. The goal of this event was to explore the situation for women working as employees or employers in the gray economy in order to bring the issue into the public eye. The event can be considered as a first step in understanding the situation and determining how to improve it. The round table was organized in collaboration with CEED, International Trade Union Center, and Trade Union of Montenegro.


The round table held on February 28th 2002 at Hotel Crna Gora in Podgorica. It was useful to participants not only because of the opportunity to discuss what is happening in Montenegro and to raise important questions, but also because of the presence of individuals working in the same area from ex-Yugoslav republics. They shared their experience, both positive and negative, which can give very valuable insight as Montenegrin capital market continues to develop, and especially because of the important changes which will be brought with the start of the MVP shares trading.


The round table was held on March 11th 2002 at Hotel Crna Gora in Podgorica. For the tourism is the critical to Montenegrin development, ISSP initiated this event in order to generate fruitful dialogue between participants. From discussion emerged many constructive suggestions, proposals and remarks that will be useful in the further work on the Law on tourism.


The round table was held on November 18th 2002 in Podgorica. The event caused constructive and fruitful expert discussion on the draft Law and the main conclusion emerged from this round table was the necessity of having such a Law, in order to have protected property rights and to eventually attracts foreign investors. The participants agreed on the fact that adoption of this Law represents step forward an appropriate reconstruction of Montenegrin enterprises.


The round table was held on December 6th 2002 at the Hotel Crna Gora in Podgorica. On the round table were discussed crucial questions of the establishment and activities of investments funds. ISSP organized this event in order to discus before the Law adoption all questions this Draft Law opened up, with the special attention placed on the institutions involved in the overall process and the way of the transformation of he privatization funds regarding forms and terms etc.


The Round table was held on February 14th 2003 at the Atlas-Mont Bank. The purpose of this round table was presentation of the legal and institutional framework of securities market in Montenegro. Discussion was oriented towards identification of non-harmonized regulation in Montenegro with the adopted concept of securities market development and included recommendations and proposals of possible solutions by which contradictories could be removed.


The round table was organized on December 2003 at ISSP. This event was result of the report prepared jointly by FIAS (Foreign Investment Advisory Service of the World Bank) and ISSP on diagnostic of the investment climate in Montenegro. One of the participants of the round table was Prime minister of Montenegro. On the round table were presented review of investment promotion strategy, including the adequacy of the existing law, institutions and activities, assessment of the effectiveness of policy implementation through administrative processes, an examination of legislation and regulations to assess how accurately they reflect announced policy etc.


As a part of the work done under the Performance Analyses Indicators (this report presents an analysis of the current status of economic, social and democratic reform processes in Montenegro and the examination of the current transitional process and it is done through analysis of Ron Sprout performance indicators, or in some cases by defining new indicators and their analysis), ISSP organized during the February 2004 six roundtable discussions covering each area of the Performance Indicator Analysis. Three roundtables were organized in Podgorica, while the other three were held in Kolasin (north) and Ulcinj and Kotor (south). The roundtables were organized in the form of working sections, with an introductory presentation of the calculated indicators (provided by ISSP/CEDEM) and active participation of attendants.


Seminar and educational programs

ISSP has conducted several seminars and educational programs in the area of its expertise. Organized national and regional seminars on a number of crucial topics such as: Corporate Governance, Pension System (set of seminars), International Finance, New Tax System in Montenegro, Voucher Privatization, Word Trade Organization, 


Educational program was organized in cooperation with CESID-Roma and MONSTAT. The purpose of the program was delivering the local training for the MONSTAT (Montenegrin Statistical Office) statisticians in conducting the Household Survey. The program was structured in two parts: theoretical lessons and practical work (learn by doing). Some of the topics covered were: questionnaire design, sample elaboration and extraction, field organization, training of interviewers, data collection, data entry, data control, data corrections, design and production of output tables and calculation of indicators, data analysis, and dissemination of the results.


This workshop was organized in order to further empower Roma organizations so they can actively participate in community development and adequately represent the interests and needs of their population. This workshop was attended by 20 representatives from six different Roma organizations from all three regions in Montenegro.