He has made improving living standards, tackling corruption, and the accession of Montenegro to the European Union by 2028 his central issues.

[2][3] Milatović was born on 7 December 1986[4] in Titograd, SR Montenegro, SFR Yugoslavia, where he graduated elementary and secondary school Gymnasium "Slobodan Škerović".

[7] Milatović claimed his father couldn't find employment due to his opposition to the Democratic Party of Socialists (DPS).

In 2019, he was promoted to the principal economist for the EU countries, including Romania, Bulgaria, Croatia and Slovenia, and was based at the Bank's office in Bucharest.

[14] During his term, Milatović and finance minister Milojko Spajić presented and implemented the controversial "Europe now" economic reform program.

[15] The reform program aimed to increase the minimum wage, reduce taxes and social contributions, attract foreign investment, and accelerate Montenegro's integration into the European Union.

[19] In March 2023, Milatović ran as a replacement candidate of Europe Now in the 2023 Montenegrin presidential election after Spajić's candidacy was rejected by the State Electoral Commission (DIK) as it was discovered that he is a dual citizen of Serbia and Montenegro.

[25] His inauguration was attended by numerous Balkan leaders such as Aleksandar Vučić, Zoran Milanović, Željko Komšić, Željka Cvijanović, Denis Bećirović, Vjosa Osmani, Bajram Begaj, and Galab Donev.

[27] In August 2023, he met with Ukrainian president Volodymyr Zelenskyy in Athens, stating that Montenegro "openly and strongly condemns Russia's unprovoked aggression against Ukraine.

[44][45] He is a Serbian Orthodox Christian[9] and was baptized in the Ostrog Monastery, however he considers his religious views a private matter.