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Latest Business News from Montenegro

12 Mar 14

Montenegro Sued Over Aluminium Plant's Losses

The Central European Aluminum Company, CEAC, owned by the Russian tycoon Oleg Deripaska, has filed a request to the international court for arbitration against the government of Montenegro over the KAP aluminum plant's bankruptcy.

05 Feb 14

Montenegro Borrows 700 Million Euro for Highway

Montenegrin Prime Minister Milo Djukanovic said that the country will take the huge loan to help finance the first phase of construction of the cross-country Bar-Boljari highway.

15 Jan 14

Macedonia Tops Balkan Economic Freedom List

The latest Index of Economic Freedom has put Macedonia at the top of the Balkan region in terms of economic freedom.

08 Jan 14

Montenegro Airlines Cuts Costs to Tackle Debt

The Montenegrin national carrier has implemented further cost-cutting measures after it discovered that it had even more debt than it previously believed.

13 Dec 13

Montenegro Sets New Date for Highway

After selecting a Chinese consortium to build it, Prime Minister says work on long-delayed highway should start in February.

10 Dec 13

Balkan Economies Recovering, World Bank

The South East Europe region exited recession in the first half of 2013, led by strong growth in exports, a report by the World Bank presented on Monday in Tirana says.

15 Oct 13

Montenegro Starts Work on Luxury Resort

Montenegro's Prime Minister on Monday attended the launch of building work on a luxury new seaside complex at Lustica Bay.

10 Oct 13

Montenegro Aluminium Plant Declared Bankrupt

Montenegro’s troubled industrial giant, the Podgorica Aluminum Plant, has been officially declared bankrupt and will be sold off to repay its huge debts to creditors.

07 Oct 13

Montenegro Takes on Another 100 Million Loan

Montenegro is due to take on another 100 million euro in credits from commercial banks to cover the budget deficit, reserves and refinance its existing obligations.

09 Sep 13

Forum Puts Future of SEE Markets in Focus

The 2013 SEE Private Equity and Venture Capital Forum will provide a platform for discussion of the future of the Southeast European Private Equity and Venture Capital markets.

16 Jul 13

Montenegro Urged to Save Bankrupt Plant

Montenegrin Prime Minister Milo Djukanovic on Tuesday blamed parliament for stalling the rescue of the bankrupt Podgorica Aluminim Plant, KAP.

12 Jul 13

Montenegro Police Detain Aluminum Plant Chief

Police detained the financial director of the bankrupt Podgorica Aluminum Plant, KAP, for alleged theft of power that enabled the factory to continue operating in recent months.

28 Jun 13

Montenegrin Marina Expects Profits From Croatia's EU Accession

Owners of Montenegro's newest marina hope to benefit from higher taxes imposed on luxury yachts in Croatia once that country joins the EU in July.

27 Jun 13

Banks' Balkan Energy Investments Undermine EU Targets

Heavy investment in fossil fuels by international financial institutions in Western Balkan countries is hindering their compliance with EU climate targets, a report says.

07 Jun 13

Montenergo Plant Urged to Pay For 'Illegaly' Spent Power

The Podgorica Aluminum Plant will have to compensate for the electricity it illegaly spent in recent months, Brussels has warned, or the country faces exclusion from EU electricity networks.


16 Nov 11

Balkans Loom Large in Italy’s Green Energy Goals

Italy’s need to meet its EU carbon reduction target underpins its ambitious investments in the energy sector in the Balkans and North Africa.

Politics and Society

24 Apr 14

Moscow Prepares Revenge For Montenegro Sanctions

As a response to Montenegrin sanctions against some Russian politicians, Moscow is preparing its own counter-measures, Russian media reported on Wednesday.

Culture and Lifestyle

balkan-gems-surface-in-british-video-archive 23 Apr 14

Balkan Gems Surface in British Video Archive

Among the rare old video clips published recently by British Pathé are many recording key moments in Balkan 20th-century history.