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Latest Business News from Montenegro

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.

abu-dhabi-fund-aids-montenegro-s-agricultural-sector
05 Jun 15

Abu Dhabi Fund Loans Cash to Montenegrin Farming

Montenegro plans to expand its agricultural exports and create new jobs in the sector, using a loan of 50 million US dollars from the Abu Dhabi Fund for Development.

montenegro-s-capital-tries-to-boost-gloomy-tourism
01 Jun 15

Montenegrin Capital Struggles to Lure Tourists

Montenegro's capital city aims to attract more foreign visitors, as most tourists currently just pass through Podgorica on their way to coastal resorst or ski centres in the north.

montenegrin-companies-enter-nato-defense-market
26 May 15

Montenegro Firms Spy Business Opportunities in NATO

A conference on business opportunities in NATO heard that military, food and tourism industries all stand to benefit after 25 local companies were awarded a prized certificate.  

montenegros-s-interest-rate-pushes-nation-closer-to-recession
25 May 15

Montenegro’s High Interest Rates ‘Could Cause Recession’

The Montenegrin Central Bank has warned that high interest rates could threaten the country's economic growth and push it closer to a recession.

montenegro-work-permit-limit-worries-foreign-firms
20 May 15

Montenegro Work Permit Limit Worries Foreign Firms

The largest business association in Montenegro says newly adopted curbs on the employment of foreigners could deter international companies from operating in the country.

montenegro-airlines-faces-mounting-debts-1
13 May 15

Montenegro Airlines Falls Deeper into the Red

Montenegro's national carrier recorded a loss of over 9 million euro in 2104, making it the region's least profitable airline.

montenegro-govt-debt-hits-new-peak
12 May 15

Montenegro Debt Level Hits New Record

Montenegro's government debt has reached a new peak over the past 12 months, rising by 25 per cent to almost 70 per cent of GDP - following regular hikes in public spending.

montenegro-s-land-expropriation-plan-sparks-anger
11 May 15

Coastal Land Grab in Montenegro Upsets Owners

Owners of valuable property on the Montenegrin coast are up in arms about about the planned adoption of special law that will allow the government to expropriate the land for the construction of a tourist complex - in which the PM's brother and sister both have roles.

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

kosovo-montenegro-border-issue-remains-unclear
03 Jul 15

Kosovo-Montenegro Border Talks Stir Suspicions

Parliamentarians in both Kosovo and Montenegro are unhappy with the behind-closed-doors negotiations on their border - and each government is being accused of giving too much away.

Culture and Lifestyle

vargas-llosa-to-open-montenegrin-theatre-festival 16 Jun 15

Vargas Llosa to Open Montenegrin Theatre Festival

Montenegro will welcome Peruvian writer and 2010 Nobel Laureate Mario Vargas Llosa on his first ever visit, during which he will open the country’s most important theatre festival.