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Latest Business News from Montenegro

30 Nov 11 / 10:13:02

Montenegro PM Rules Out Abandoning Euro

Despite the worsening crisis in the eurozone, Montenegro will not abandon it as its currency, as a new currency would cost too much to introduce, Prime Minister Igor Luksic said.

28 Oct 11 / 11:51:34

Montenegro Reports Growth in Tourist Numbers

More than 200,000 tourists visited Montenegro during the month of September, 15 per cent more than were recorded in the corresponding period last year, according to official statistics released today.

27 Oct 11 / 12:40:05

Serbia Identified as Key Trade Partner for Montenegro

Serbian imports to Montenegro accounted for €480 million while Montenegrin exports accounted for €60 million, according to the latest figures from Monstat, Montenegro’s Statistics Office.

27 Oct 11 / 07:55:58

Serbia and Italy Sign Energy Deal

Italy and Serbia signed a strategic partnership on renewable energy in Rome on Tuesday. The goal is for Italian companies to produce hydroelectric power in Serbia and export it to Italy via Montenegro.

25 Oct 11 / 11:28:03

Bulgaria, Montenegro to Cooperate in Energy Projects

Sofia and Podgorica are considering setting up a joint company for the transfer of electricity to Italy after talks were held between Montenegrin Prime Minister Igor Luksic Bulgarian PM Boyko Borissov in Sofia.

21 Oct 11 / 10:55:40

Montenegro, Serbia to join Russian Customs Union

The customs union of Russia, Belarus and Kazakhstan will expand to include Montenegro and Serbia, Russia’s Minister for Emergency Situations, Sergei Shoigu, has said.

05 Oct 11 / 12:10:54

United Arab Emirates Delegation Visits Montenegro

An economic delegation of the United Arab Emirates, UAE, arrived in Montenegro today for a visit which is expected to result in the signing of bilateral agreements between the two countries.

03 Oct 11 / 12:57:18

Montenegro Agrees on Free Trade Deal with Ukraine

Montenegro has agreed with Ukraine to sign a free trade agreement that will break the deadlock over the accession of Montenegro to the World Trade Organisation (WTO), according to Economy Minister Kavarić.

28 Sep 11 / 16:23:29

Montenegro Receives $85 million Development Loan

Montenegro’s finance minister Milorad Katnic and World Bank director for Southeast Europe Jane Armitage have signed a development policy loan in Washington worth $85 million (€62 million).

16 Sep 11 / 15:52:10

MONSTAT: Montenegro GDP Beats Expectations

Montenegro's GDP in 2010 was 2.5 per cent higher than at the end of 2009 and amounted to €3.1 billion, Montenegro's Statistic's Office MONSTAT has revealed.

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03 Sep 11 / 13:22:17

World Bank Approves €59.1m Loan for Montenegro

Disbursement of a 20-year €59.1 million loan for Montenegro from the World Bank is expected to begin in 2012.

montenegrins-should-take-advantage-of-belgrade-pristina-dispute

12 Aug 11 / 11:26:26

Montenegro to Benefit from Kosovo Trade Ban

Meat and beverage exports from Montenegro to Kosovo could rise in coming weeks, following comments from Montenegro’s deputy economy minister.

05 Aug 11 / 12:40:56

Foreign Direct Investment In Croatia Nosedives

Foreign direct investment in Croatia plummeted during 2010, new figures from the United Nations Conference on Trade and Development, UNCTAD, reveal.

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04 Aug 11 / 12:59:58

Montenegro Edges Closer to WTO Accession

Montenegro is one step closer to joining the World Trade Organisation after completing a successful dialogue with the Ukraine’s deputy economy minister yesterday.

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07 Jul 11 / 15:52:51

Montenegro Resort Town Seeks €21 Million From Builders

In an effort to solve their financial problems, local authorities in the seaside resort town of Budva are working intensively to collect communal taxes owed by investors who have constructed buildings in the city.