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Latest Business News from Montenegro

montenegro-worries-over-higher-unemployment
22 Oct 14

Rise on Jobless Rate Worries Montenegro

The number of unemployed in Monenegro has risen for the sixth month in a row - although the jobles rate remains low by regional standards.

high-sky-internet-prices-to-drop-in-montenegro
14 Oct 14

Montenegro Orders Cut in High Internet Prices

Starting from November 1, Montenegro will no longer have the most expensive internet service in Europe, after the regulatory agency ordered the main provider to slash prices.

imf-downgrades-montenegro-s-growth-forecast
09 Oct 14

IMF Downgrades Montenegro’s Growth Forecast

The IMF has revised its forecast of Montenegros’s economic growth downwards from 2.8 per cent anticipated in April to 2.3 per cent.

balkan-regulators-to-limit-roaming-charges
29 Sep 14

Balkan States to Cut Mobile Roaming Charges

Following the EU's example, regulators in four Balkan countries have finally agreed to reduce mobile phone roaming charges, which are much higher than in western Europe.

montenegro-approves-privatisation-of-largest-arms-exporter
22 Sep 14

Montenegro to Put Arms Exporter up For Sale

Montenegro has decided to sell off its state-owned arms exporter and a manufacturer of explosives, in the hope of bringing in strategic partners that will update the companies.

montenegro-tourist-sector-urged-to-reduce-prices
11 Sep 14

Montenegro Bank Urges Tourist Industry to Cut Prices

Central Bank warns that Montenegro is becoming too expensive - as tourist organizations blame infrastructure problems and pricey airline tickets for this year's expected disappointing figures.

montenegro-seeks-foreign-investments-in-middle-east
09 Sep 14

Montenegro Seeks Foreign Investments in Middle East

Hoping to attract businesses from Middle Eastern countries in a bid to address a downturn in Russian investments, Montenegro will open an office in the Jordanian capital Amman.

world-economic-forum-balkan-shows-mixed-results
03 Sep 14

Balkan Economic Competitiveness Makes Uneven Progress

The latest World Economic Forum report on global competitiveness ranks Bulgaria as the best in the Balkans and Albania as the worst, just behind Serbia.

balkan-telecom-regulators-to-scrap-roaming-charges
01 Sep 14

Sky-High Roaming Charges to Go in Balkans

Regulatory agencies in the Balkans have finally agreed to phase out mobile phone roaming charges, which are much higher than those in Western Europe.

balkan-countries-to-jointly-overcome-economic-issues
28 Aug 14

Balkan Leaders in Berlin Pledge to Work Together

Balkan economy and finance ministers meeting in Berlin have agreed that their countries must jointly resolve economic issues that trouble the region.

montenegro-marina-gets-new-luxury-resort
28 Aug 14

Luxury Hotel Adds to Montenegrin Marina's Lustre

The Canadian-owned yacht marina, Porto Montenegro, has received a further boost with the opening of a new luxury hotel - the Regent.

the-qatari-company-drops-a-350-million-wort-deal-in-montenegro
28 Aug 14

Qatar Scraps Luxury Resort Plan in Montenegro

A Qatari company has pulled out of deal worth 350 million euro to build a luxry resort nesr Tivat, dealing a blow to the Montenegrin government's investment plans.

montenegro-considers-to-write-off-debts-of-poorest
27 Aug 14

Montenegro Mulls Writing Off Debts of Poor

Following the example of Macedonia, Montenegro is considering writing off the debts of its poorest citizens - though some critics dismiss the plan as blatant populism.

montenegrins-sued-bank-for-bad-loans-in-swiss-francs
04 Aug 14

Hypo Alpe Adria Bank Faces Trial in Montenegro

The trial of the bank is to start next week in Montenegro after it refused to convert the loans of clients taken out in Swiss francs to euro.

cruising-ships-to-save-monenegro-s-holiday-season
31 Jul 14

Montenegro Looks to Cruise Liners to Save Season

As cool weather, sanctions against Russia and high prices leave Montenegro's beaches looking emptier than usual, tourist officials look to cruise liners to save the day.

Premium

montenegro-pins-tourism-hopes-on-august-surge
12 Aug 14

Montenegro Pins Tourism Hopes on August Surge

Tourist chiefs and hoteliers hope an extra-busy August and September will save a poor tourism year – but some say the emphasis on packing in the numbers is wrong.

Politics and Society

eu-to-oversight-balkan-countries-economies
24 Oct 14

Brussels to Monitor Balkan Economies Each Year

Balkan countries pledged to send their annual economic plans to the EU at a conference in Belgrade - which also marked the first time that the Serbian capital hosted Kosovo officials.

Culture and Lifestyle

montenegro-to-host-mclaren-f1-anniversary-race 15 Sep 14

Montenegro to Host McLaren F1 Anniversary Race

In another bid to promote investment and tourism in the country, Montenegro plans to organize promotional Formula 1 races in the country.