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Latest Business News from Montenegro

montenegro-defends-decision-to-turn-prison-camp-into-resort-01-27-2016
28 Jan 16

Investor Pledges to Guard Mamula Fort Heritage

A plan to turn an Austro-Hungarian prison camp into a five-star hotel has angered many in Montenegro, but the investor and the state claim they will persevere the site's heritage.

montenegro-sees-room-for-new-mobile-operator-01-11-2016
12 Jan 16

Montenegro Invites Bids for New Mobile Operator

Montenegro announced it will launch a bidding process for a fourth mobile licence, raising questions about whether the tiny Adriatic country really needs another operator.

montenegro-plans-to-link-kotor-to-mountains-by-cable-car-01-05-2016
06 Jan 16

Montenegro to Build Cable Car up Mountains

The government is seeking international partners to construct an ambitious 15-km-long cable car route from Kotor on the coast to the old royal capital of Cetinje.

montenegro-work-permit-limit-worries-foreign-firms-11-06-2015
09 Nov 15

Montenegro Work Permit Limit Worries Foreign Firms

Limits on the employment of foreigners in Montenegro - in force from this week - have angered some employers - but the government says it has a duty to protect domestic workers.

eu-to-financially-support-western-balkans-08-28-2015
31 Aug 15

Europe to Fund Balkan Transport, Energy Projects

Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security.

montenegro-airlines-cuts-costs-to-tackle-debt-08-11-2015
11 Aug 15

Montenegro Airlines Cuts Costs to Tackle Debt

Montenegro's national carrier is implementing new cost-cutting measures having discovered that the company had run more debt than was previously believed.

russian-tourists-come-back-to-montenegro
17 Jul 15

Russian Tourists Start Returning to Montenegro

Montenegro is likely to see more Russian tourists this summer, after a 40-per-cent drop last year, caused by the devaluation of the ruble and impaired relations between the countries.

region-carefully-brace-for-greek-referendum-results
06 Jul 15

Balkan States Weigh Impact of Greece’s ‘No’

Officials in the Balkans are weighing up the potential impact of the Greek referendum result on their countries amid warnings that a deepening of the crisis could damage economies in the region.

montenegro-expects-more-tourist-because-of-greek-crisis
01 Jul 15

Montenegro Eyes Tourist Boom From Greek Crisis

Montenegrin Central Bank says Greek financial crisis will not significantly affect Montenegro's economy- and may even may bring more tourists to the country this summer.

montenegro-hopes-to-see-more-chinese-tourists
29 Jun 15

Montenegro Hopes for More Chinese Tourists

After a drastic decline in Russian tourists in 2014, Montenegro is turning to other eastern markets to compensate the loss, with the government hoping for an influx of Chinese holidaymakers.

montenegro-obstracts-roaming-cut-regional-deal
26 Jun 15

Montenegro Court Blocks Deal to Cut Roaming Charges

An agreement on reducing roaming charges between Serbia, Bosnia, Montenegro and Macedonia could fail after a Montenegrin court called it 'unacceptable' for the country.

montenegro-renews-its-economic-citizenship-offer
24 Jun 15

Montenegro Revives Plan to Sell Passports to Investors

Ministry says foreigners will be able to obtain citizenship in return for directly investing in the undeveloped north of the country - although when the offer will begin remains unclear

montenegro-s-miners-strike-paralyzes-niksic
23 Jun 15

Bankrupt Mine Workers Block Roads in Montenegro

While the government seeks a buyer for the bankrupt Bauxite Mines company in Niksic, miners have blocked roads in protest over their unpaid wages.

montenegro-expects-2-5-billion-investment-surge-in-torusim
08 Jun 15

Montenegro Expects 2.5 Billion Euro Tourism Boost

The government said it expects at least 2.5 billion euro of foreign investment in tourism over the next five years, mainly in large projects on the coast.



montenegro-earns-more-from-arms-export
08 Jun 15

Montenegro Earns More From Arms Exports

The latest report on the arms trade in Montenegro prepared by a government ministry notes that the value of exports rose significantly in recent years.

Premium

balkan-economies-brace-for-impact-of-grexit
25 Jun 15

Balkan Economies Brace for Impact of Grexit

Balkan countries are weighing up the likely impact on trade, banks, currencies and investment if Greece is forced out of the eurozone.

Politics and Society

montenegro-resumes-political-crisis-talks-02-04-2016
05 Feb 16

Hopes Fade For New Montenegro Crisis Talks

A new round of crisis talks between Montenegrin leaders started on Friday - but none of the offers on the table appears fully acceptable to the opposition parties.

Culture and Lifestyle

ring-in-the-new-year-balkan-style-12-31-2015 31 Dec 15

Ring in the New Year Balkan Style

New Year’s Eve in the Balkans means music, fireworks, food, and more music in city squares under the stars.