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Latest Business News from Montenegro

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.

new-luxury-resort-to-open-in-montenegro
28 Jul 14

Montenegro Marina Gets New Luxury Hotel

The continuing expansion of super-yacht marina Porto Montenegro is to be given a further boost with the opening of a new luxury hotel this week.

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.

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

berlin-conference-reassures-region-eu-devotion-amid-ukraine-crisis
29 Aug 14

Merkel Hails Progress in Balkan Cooperation

At the end of the West Balkan leaders' summit in Berlin, the German Chancellor praised leaders for working together more closely - and said their countries are on the right track in terms of eventual EU membership.

Culture and Lifestyle

boka-s-night-as-a-pick-of-the-holiday-season-in-montenegro 23 Aug 14

Kotor Night Festival Draws Crowds to Montenegro

The ancient Adriatic town of Kotor will be celebrating this Saturday with with fireworks, parties and its traditional parade of decorated boats and barges.