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Latest Business News from Montenegro

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.

montenegro-s-djukanovic-urges-mps-to-save-bankrupt-plant
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.

montenegro-police-detains-executive-of-aluminum-plant
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.

montenegro-s-yachting-tourism-set-to-gain-from-croatia-s-eu-accession
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.

development-banks-jeopardise-balkan-eu-integration-study
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.

montenergo-urged-to-return-illegaly-spent-power
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.

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

kosovo-appoints-diplomatic-representative-in-montenegro
17 Apr 14

Kosovo Appoints Diplomatic Chief For Montenegro

Four years after official Pristina and Podgorica established diplomatic relations, Kosovo has finally appointed a diplomatic representative in Montenegro.

Culture and Lifestyle

anti-red-fresco-gives-montenegrins-the-blues 25 Feb 14

Anti-Red Fresco Gives Montenegrins the Blues

The controversial fresco in a Podgorica church depicting Communist leaders in hell is an unprecedented blend of an ancient art form and modern politics.