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Latest Business News from Montenegro

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.

montenegro-worries-over-higher-unemployment
22 Oct 14

Rise on Jobless Rate Worries Montenegro

The number of unemployed in Monenegro has risen for the sixth month in a row - although the jobles rate remains low by regional standards.

high-sky-internet-prices-to-drop-in-montenegro
14 Oct 14

Montenegro Orders Cut in High Internet Prices

Starting from November 1, Montenegro will no longer have the most expensive internet service in Europe, after the regulatory agency ordered the main provider to slash prices.

imf-downgrades-montenegro-s-growth-forecast
09 Oct 14

IMF Downgrades Montenegro’s Growth Forecast

The IMF has revised its forecast of Montenegros’s economic growth downwards from 2.8 per cent anticipated in April to 2.3 per cent.

balkan-regulators-to-limit-roaming-charges
29 Sep 14

Balkan States to Cut Mobile Roaming Charges

Following the EU's example, regulators in four Balkan countries have finally agreed to reduce mobile phone roaming charges, which are much higher than in western Europe.

montenegro-approves-privatisation-of-largest-arms-exporter
22 Sep 14

Montenegro to Put Arms Exporter up For Sale

Montenegro has decided to sell off its state-owned arms exporter and a manufacturer of explosives, in the hope of bringing in strategic partners that will update the companies.

montenegro-tourist-sector-urged-to-reduce-prices
11 Sep 14

Montenegro Bank Urges Tourist Industry to Cut Prices

Central Bank warns that Montenegro is becoming too expensive - as tourist organizations blame infrastructure problems and pricey airline tickets for this year's expected disappointing figures.

montenegro-seeks-foreign-investments-in-middle-east
09 Sep 14

Montenegro Seeks Foreign Investments in Middle East

Hoping to attract businesses from Middle Eastern countries in a bid to address a downturn in Russian investments, Montenegro will open an office in the Jordanian capital Amman.

world-economic-forum-balkan-shows-mixed-results
03 Sep 14

Balkan Economic Competitiveness Makes Uneven Progress

The latest World Economic Forum report on global competitiveness ranks Bulgaria as the best in the Balkans and Albania as the worst, just behind Serbia.

balkan-telecom-regulators-to-scrap-roaming-charges
01 Sep 14

Sky-High Roaming Charges to Go in Balkans

Regulatory agencies in the Balkans have finally agreed to phase out mobile phone roaming charges, which are much higher than those in Western Europe.

balkan-countries-to-jointly-overcome-economic-issues
28 Aug 14

Balkan Leaders in Berlin Pledge to Work Together

Balkan economy and finance ministers meeting in Berlin have agreed that their countries must jointly resolve economic issues that trouble the region.

montenegro-marina-gets-new-luxury-resort
28 Aug 14

Luxury Hotel Adds to Montenegrin Marina's Lustre

The Canadian-owned yacht marina, Porto Montenegro, has received a further boost with the opening of a new luxury hotel - the Regent.

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

montenegro-urged-to-probe-police-torture-against-bosniaks-in-1990s
26 Nov 14

Montenegro Urged to Probe Bosniak’s Torture Claims

Montenegrin watchdog MANS urged the authorities to investigate allegations by a Bosniak ex-prisoner who was convicted of libel after writing a book about his alleged torture in jail during wartime.

Culture and Lifestyle

montenegro-to-host-mclaren-f1-anniversary-race 15 Sep 14

Montenegro to Host McLaren F1 Anniversary Race

In another bid to promote investment and tourism in the country, Montenegro plans to organize promotional Formula 1 races in the country.