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Latest Business News from Montenegro

montenegro-s-plan-to-rent-historic-fort-sparks-agner
26 Feb 15

Hotel Plan for Fort Offends Some in Montenegro

NGOs, opposition politicians and some locals in the Bay of Kotor are up in arms about plans to turn a 19th-century Habsburg fortress into a five-star hotel.

montenegro-sees-increase-in-tourists-numbers
25 Feb 15

Montenegro Hails Increase in Tourist Numbers

More tourists visited Montenegro in 2014 than the previous year - and Russians and Serbs were most frequent visitors to the country's resorts, the latest report reveals.

montenegro-mulls-loan-conversion-on-swiss-franc-surge
24 Feb 15

Montenegro Plans Rescue for Swiss Franc Borrowers

Concerned by the plight of people who took out loans in Swiss francs, Montenegro plans to adopt a law to help them convert their franc loans into more affordable euro loans.

russian-interest-in-montengro-s-real-estate-wanes
19 Feb 15

Russian Interest Wanes in Montenegro Real Estate

Significant falls in property prices on the coast are being blamed on declining interest among buyers from Russia - the biggest spenders and highest-profile investors for years.

serbia-montenegro-earns-millions-for-allowing-overflights
09 Feb 15

Serbia and Montenegro Profit From Ukraine Flight Detours

The joint Serbian and Montenegrin air traffic agency expects higher revenues from overflight fees in 2015 as many airlines avoid Ukrainian airspace.

montenegro-puts-leading-military-companies-up-for-sale
02 Feb 15

Serbs, Israelis, Buy Montenegrin Arms Firm

Montenegro has sold 100 per cent of the shares of the state-owned arms company, Montenegro Defence Industry, MDI, to a Serbo-Israeli consortium for 680,000 euros.

montenegro-sells-national-air-carrier-in-2015
27 Jan 15

Montenegro Plans Major State Sell-offs in 2015

Montenegro plans to sell the national air carrier, several state-owned hotels, a leading medical institution, two military companies and much more in 2015, the government has announced.

montenegro-italy-undersea-cable-construction-finally-starts
22 Jan 15

Work Starts on Montenegro-Italy Undersea Cable

The long-awaited construction of an underwater electrical cable that will connect Italy and Montenegro has started on the Italian side of the Adrtiatic.

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

montenegro-limits-foreign-work-permits
12 Jan 15

Montenegro Limits Foreign Work Permits

The government is to limit the number of foreigners working in Montenegro on the grounds that more jobs need to go to locals.

forbes-recommends-montenegro-as-top-travel-destinations-in-2015
06 Jan 15

ForbesLife Lists Montenegro as Must-See Destination

Montenegro is among the top three must-see places to visit in 2015, according to the lifestyle wing of the prestigious international business magazine, Forbes.

montenegro-aims-to-boost-film-tourism
29 Dec 14

Montenegro Offers Foreign Movie-makers Rebates

Following the example of Serbia and Croatia, Montenegro has its eye on promoting the country as a cost-effective, high-quality and competitive location for making films.

third-of-montenegrin-employees-work-in-gray-economy
26 Dec 14

Third of Montenegrins Working in 'Grey' Economy

About 30 per cent of Montenegrins work in the unofficial and untaxed labour market in one form or another, a recent survey has found.

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

turks-to-build-aqua-park-in-montenegro
17 Dec 14

Turkish Firm to Build Aqua Park in Montenegro

A Turkish company plans to fund construction of a major aqua park on the Montenegrin coast, in another sign of closening economic ties between Montenegro and Turkey.

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

eu-calls-balkans-to-curb-false-asylum-seekers
26 Feb 15

Balkans Told to Curb Flow of Asylum Seekers

After the European Commission revealed that the number of false asylum seekers from the Balkans rose by 40 per cent last year, Brussels has called for more decisive action to curb the numbers heading westwards.

Culture and Lifestyle

first-hard-rock-cafe-in-region-to-open-in-montenegro-s-capital 05 Feb 15

First Balkan Hard Rock Cafe to Open in Montenegro

A UAE-based company is opening the first Hard Rock Cafe in the region in Podgorica, bringing the 'authentic spirit of rock and roll' as well as traditional US cuisine to the Balkans.