Montenegro launches tender for bankrupt aluminium plant
January 19, 2014
Basically, the Montenegrin government has decided to give about $38 million to the Aluminium Company Podgorica in hopes that they will not go bankrupt and people who have invested won't lose all of their money. This company filed for bankruptcy in October and is risking several hundred jobs and money invested into the company. So that they wont lose the company, the government gave it millions of dollars. Even though only 700 people are employed in this company, it holds a majority of the jobs in the country.
I feel that the Montenegrin government did do the right thing in keeping the company from going broke, but i also feel that they should be careful in how much they give to them. It was smart in giving them money so that a majority of jobs would not be lost and the money invested into this company would not be lost. However, i also feel that perhaps the company could be getting more money than it needs and might be scamming the government.
This article pertains to the political aspect of Montenegro because it shows actions of the government to stop potential disaster in their own economy. This article shows that the Montenegrin government is able to somewhat quickly decide on issues that threaten their country as a whole and make the right decision. It basically shows their competence.
January 19, 2014
Basically, the Montenegrin government has decided to give about $38 million to the Aluminium Company Podgorica in hopes that they will not go bankrupt and people who have invested won't lose all of their money. This company filed for bankruptcy in October and is risking several hundred jobs and money invested into the company. So that they wont lose the company, the government gave it millions of dollars. Even though only 700 people are employed in this company, it holds a majority of the jobs in the country.
I feel that the Montenegrin government did do the right thing in keeping the company from going broke, but i also feel that they should be careful in how much they give to them. It was smart in giving them money so that a majority of jobs would not be lost and the money invested into this company would not be lost. However, i also feel that perhaps the company could be getting more money than it needs and might be scamming the government.
This article pertains to the political aspect of Montenegro because it shows actions of the government to stop potential disaster in their own economy. This article shows that the Montenegrin government is able to somewhat quickly decide on issues that threaten their country as a whole and make the right decision. It basically shows their competence.