Jakov Milatović

Minister of Economic Development

Jakov Milatović was born in 1986, in Podgorica, Montenegro, where he finished elementary and secondary school.

He completed his undergraduate studies in the field of economics at the Faculty of Economics, University of Montenegro, with an average grade 10 and was a student of the generation.

He was honored with numerous domestic awards from the Ministry of Education, University of Montenegro, Ministry of Foreign Affairs, Atlas Group etc., as well as foreign fellowships. He spent one academic year at Illinois State University as a US Government Fellow; one semester at the University of Economics and Business in Vienna (WU Wien) as an Austrian Government Fellow; one academic year at the University of Rome (La Sapienza) as a European Commission Fellow.

He completed his master’s degree in economics at the University of Oxford. He was a British Government (Chevening) Fellow.

He started his work experience at NLB Bank, Podgorica in the risk management team of the Bank, then at Deutsche Bank, Frankfurt in the credit risk assessment team of the Bank focusing on Central and Eastern European countries.

Since 2014, he has been working for the European Bank for Reconstruction and Development (EBRD) in the team for economic and political analysis, first as an economic analyst for the region of Southeast Europe, then as an economist for the Western Balkan countries from the office in Podgorica. In 2018, he was promoted to the chief economist for the EU countries, including Romania, Bulgaria, Croatia and Slovenia from the office in Bucharest.

He gained other experiences through the United Nations programs in New York; attending schools and trainings of the German Konrad Adenauer Foundation in Podgorica; the Embassy of Montenegro in Rome; the Office for International Cooperation of the Faculty of Economics in Podgorica; Oxbridge Academic Programs in Oxford; the International Monetary Fund in London; the London School of Economics (LSE) and the University of Beijing; the Leadership Academy of Stanford University and the University of Belgrade and others.

He is a father of two. He is fluent in English, speaks Italian and Spanish.