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Latest Business News from Montenegro

illegal-booking-sites-threaten-montenegro-s-tourism-income
27 Jun 14

Illegal Booking Sites Threaten Montenegro’s Tourism Income

Montenegro loses hundreds of thousands of euros a year to illegal hotel reservation sites which offer accommodation without paying taxes in the country, tourism official warned.

corruption-hinders-balkans-sustainable-energy-future
25 Jun 14

Corruption Hinders Balkans Energy Sector Progress

Rampant corruption has raised costs, wasted opportunities for sustainable energy and distorted the market, says a new report by a group for environmental NGOs.

paypal-to-ease-internet-shopping-in-macedonia-montenegro
17 Jun 14

PayPal to Boost Internet Trade in Macedonia, Montenegro

One of the most popular online money transfer and payment services is finally available in Macedonia and Montenegro, where online shopping leaves much room for improvement.

floods-and-ukraine-crisis-threaten-montenegro-tourism
16 Jun 14

Floods and Ukraine Crisis Threaten Montenegro Tourism

Montenegro's tourism authorities have expressed concerns that the recent floods in the region and the crisis in Ukraine could reduce much-needed income from holidaymakers.

montenegro-s-bankrupt-aluminium-plant-sold-to-a-local-company
11 Jun 14

Montenegro Sells Bankrupt Aluminium Plant

The deeply troubled KAP aluminium plant was sold on Tuesday for 28 million euros to a local company that has promised to bring in outside investment.

russian-tycoon-s-company-sues-montenegro-over-lossess
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.

montenegro-borrows-700-million-euro-for-highway
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.

serbia-ranked-95th-on-economic-freedom-list
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.

montenegro-airlines-cuts-costs-to-tackle-debt
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.

montenegro-sets-new-date-for-highway
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.

balkan-economies-on-road-to-recovery-world-bank-says
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.

montenegro-starts-work-on-luxury-resort
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.

final-bankruptcy-of-montenegro-aluminum-plant-declared
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.

montenegro-takes-on-additional-100-million-euro-in-debt
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.

forum-puts-future-of-see-markets-in-focus
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.

Premium

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

bankruptcy-of-the-oldest-newspaper-in-montenegro
25 Jul 14

Time Runs Out for Montenegro's Oldest Newspaper

Seventy years since the daily newspaper Pobjeda first appeared, the only remaining state-owned daily in Montenegro faces bankruptcy as a result of its huge debts.

Culture and Lifestyle

jamiroquai-opens-exit-festival-in-montenegro 15 Jul 14

Jamiroquai Opens Exit Festival in Montenegro

UK band to open world famous musical festival, which for the first time is being held this year in two locations.