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Latest Business News from Montenegro

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.

crime-and-corruption-left-a-100-billion-hole-in-balkan-economies
16 Dec 14

Illicit Outflows Rob Balkan Economies of $100bn

A study by Global Financial Integrity, GIF, says illicit money outflows robbed Balkan countries of the equivalent of more than 100 billion dollars during the last decade.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

montenegro-s-parliament-discusses-millions-highway-loan
28 Nov 14

Montenegro MPs Row Over Huge Highway Loan

Montenegrin parliamentarians held a heated debate over whether the country should borrow 687 million euros to build a 40-kilometre-long highway section.

montenegro-s-unions-call-protest-agains-pay-cuts
20 Nov 14

Montenegro Unions Call Protest Against Pay Cuts

Montenegrin trade unions plan to stage a protest on December 6 in the capital, Podgorica, against announced pay cuts in the public sector.

montenegro-s-government-mulls-cutting-public-sector-salaries
17 Nov 14

Montenegro to Cut Public Sector Wages in 2015

Government and unions are on collision course in Montenegro after the budget bill for 2015 was published, reducing the total size of public sector wage bill.

montenegro-to-boost-budget-spending-in-2015
10 Nov 14

Montenegro to Hike Budget Spending in 2015

Montenegro has set a 2015 state budget at around 2 billion euros, a quarter higher than 2014, to cover loans for highway construction and repayments of previous loans.

balkans-creating-a-better-economic-climate
29 Oct 14

Balkans Do Better in 'Doing Business' Report

Most Balkan states have improved their positions in the World Bank's latest “Doing Business” report - some much more than others.

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

security-service-purge-leaves-montenegrins-guessing
23 Jan 15

Security Service Purge Leaves Montenegrins Guessing

Government plan to retire most senior intelligence and police officers fuels speculation that its hand has been forced by NATO.

Culture and Lifestyle

literary-awakening-of-montenegro-s-politicians 07 Jan 15

Montenegro's Politicians Keep Poetic Tradition Alive

Following in the footsteps of the great ruler-turned writer, Njegos, politicians in Montenegro are flooding the shelves of bookstores with literary and poetic musings - of variable quality.