A2A rejects proposals by opposition in Government of electoral trust

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    Podgorica, Montenegro (28 July 2016) – Italian company A2A informed late last night the Government of Montenegro that the proposals by the opposition in the Government, which had been formulated yesterday by Deputy Prime Minister Milorad Vujović, are unacceptable for this company. The first proposal is inconsistent with the structure of the put option negotiated with the Government. The second proposal is unacceptable because the A2A is not willing to further delay the execution of the Shareholders’ Agreement, the Italian company underlines…

    Podgorica, Montenegro (28 July 2016) – Italian company A2A informed late last night the Government of Montenegro that the proposals by the opposition in the Government, which had been formulated yesterday by Deputy Prime Minister Milorad Vujović, are unacceptable for this company. The first proposal is inconsistent with the structure of the put option negotiated with the Government. The second proposal is unacceptable because the A2A is not willing to further delay the execution of the Shareholders’ Agreement, the Italian company underlines.

    Deputy Prime Minister Vujica Lazovic informed earlier today Deputy Prime Minister Milorad Vujović about the response of the Italian side and invited the representatives of the opposition in the Government of Electoral Trust to behave professionally and not to obstruct regular activities of the Government and project-oriented activities that have long since begun.

    “Blocking capital projects does not mean the protection of the State’s and citizens’ interests you allegedly stand for. I take this opportunity to once again draw attention to the fact that the attitude of the opposition troika was changing on a daily basis and that the attitudes presented at the first meeting are not included in the proposal that was submitted yesterday. It is professionally and politically irresponsible to deliver proposals that are deliberately vague, legally unfounded and designed exclusively as an instrument for deceiving the public. If the real intention had been to protect the interests of the State, the elapsed time would have been more than enough to formulate proposals and legally binding amendment to the Agreement in a manner acceptable to all the parties. However, these proposals by the opposition only confirm that the text of the agreement, established by the Government, is good, that there are elements that can be worked up and that they comply with international standards and best practices,”- said Deputy Prime Minister Lazović in his letter.

    Source: Government of Montenegro