EC: Montenegro ready to gain EU candidate status.

By bne IntelliNews November 10, 2010
The European Commission (EC) recommended on Tuesday (Nov 8) the Council to grant Montenegro an EU candidate country status. However, the EC noted that Montenegro need to proceed with reforms in number of areas before it could launch accession negotiations with the union. The main political concerns for the country remain the consolidation of rule of law, especially in the field of fight against corruption and organised crime. With regard to economic criteria, the EC said that although the country has taken important steps towards establishing a functioning market economy, it should further address the weaknesses and imbalances in the financial sector and the labour market. Montenegro should continue with its efforts on in aligning with European standards, particularly in some areas of the internal market, trade-related provisions, customs and taxation. We note that Montenegro applied for EU membership in December 2008.

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