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Latest Business News from Montenegro

russians-own-every-third-company-in-montenegro-report-08-17-2016
18 Aug 16

Russians Dominate Foreign Ownership of Montenegrin Companies

Despite Montenegro’s cooling relations with Moscow, every third foreign-run company in the tiny Adriatic country is owned by Russians, the state statistical agency said.

montenegro-s-spending-hike-fuels-debt-concerns-06-27-2016
28 Jun 16

Montenegro May Revise Budget to Cover Spending Gap

Montenegro will have to revise its budget for 2016 in order to cover a growing chasm in the public finances.

montenegro-minister-faces-grilling-over-tax-debt-06-17-2016-1
20 Jun 16

Montenegro Minister Faces Grilling Over Unpaid Taxes

The opposition in Montenegro said it had sought a hearing with the Finance Minister over hundreds of millions of euros in unpaid taxes, which the minister is trying to recover.

montenegrin-parliament-votes-to-approve-offshore-oil-drilling-06-16-2016
17 Jun 16

Montenegro Watchdog Questions Adriatic Oil Deal

As parliament readies to approve concession contracts for oil and gas drilling in the Adriatic Sea, the watchdog body MANS has questioned the public interest in the deal.

montenegro-puts-pressure-on-tax-evaders-06-15-2016
16 Jun 16

Montenegro Piles Pressure on Tax Dodging Firms

Montenegrin institutions are under pressure to recover around 230 million euros in unpaid taxes from companies seen as close to the ruling elites.

russians-build-aqua-park-in-montenegro-06-15-2016
15 Jun 16

Russians Build Aqua Park in Montenegro Resort

A Russian company has invested 13 millions of euros in an aqua park on the Montenegrin coast - a project that failed twice before, leaving the local authorities in Budva with big debts.

canadian-mining-magnate-sells-superyacht-marina-in-montenegro-05-04-2016
05 May 16

Canadian Tycoon Sells Montenegrin Superyacht Marina

In an unexpected move, Canadian billionaire Peter Munk is selling his stake in the Porto Montenegro resort to the state investment fund of Dubai.

montenegro-turns-old-military-bases-into-luxury-resort-04-21-2016
22 Apr 16

Montenegro Turns Naval Base into Luxury Resort

Construction of a luxury resort with Azerbaijani capital is due to start on Friday in the Bay of Kotor, in a bid to turn the old Yugoslav Army base into a haven for the super-rich.

montenegro-minister-faces-grilling-over-russian-investments-04-15-2016
18 Apr 16

Montenegro Minister Faces Grilling Over Failed Investment

The opposition in Montenegro said it sought a hearing with the tourism minister over a bank guarantee provided by a Russian investor to build a luxury resort, which turned out to be false.

corruption-poses-risk-for-montenegro-s-economy-report-04-07-2016
07 Apr 16

Banks Highlight Risks to Montenegro's Economy

A report by four European banks warns that Montenegro’s economy faces significant structural, economic, and fiscal risks.

energy-and-transport-dominate-ebrd-s-balkan-summit-in-london-02-22-2016
23 Feb 16

Balkan Leaders Discuss Energy, Transport at Summit

Transport links and energy projects were high on the agenda as Balkan premiers met at an investment summit in London organized by the European Bank for Reconstruction and Development.

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.

Premium

montenegrin-croatian-tourism-surges-as-visitors-shun-turkey-07-05-2016
06 Jul 16

Montenegrin, Croatian Tourism Surges as Visitors Shun Turkey

Croatia and Montenegro are seeing a spike in holidaymakers, as fears of terrorism drive visitors from old destinations in Turkey and North Africa towards the resorts of the Adriatic.

25 Jun 15

Balkan Economies Brace for Impact of Grexit

12 Aug 14

Montenegro Pins Tourism Hopes on August Surge

10 Nov 11

Jury Out On Who Will Profit From Dams

10 Nov 11

Several Years of Deals and Contracts

07 Nov 11

The Big Three: Terna, CGES and Enel

Politics and Society

kotor-s-drug-gangs-killings-continues-in-montenegro-09-23-2016
23 Sep 16

Assassin's Bullet Claims Jailed Montenegrin Gangster

A jailed boss of one the rival drugs clans in the resort of Kotor was shot dead in prison on Thursday while serving a two-year sentence for extortion.

Culture and Lifestyle

insiders-guide-hidden-gems-of-the-balkans-08-14-2016-1 15 Aug 16

Insiders’ Guide: Hidden Gems of the Balkans

Visiting the Balkans this summer? Get off the beaten track and visit some of the region’s lesser-known beauty spots.

05 Aug 16

Balkan Athletes Ready to Wave Flags in Rio

31 Dec 15

Ring in the New Year Balkan Style

22 Oct 15

Montenegrin Art Group Spurs Cultural Revival

07 Oct 15

UK Comedy Star Backs Foster Care in Montenegro