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Latest Business News from Montenegro

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.

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.

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-arrest-three-for-trying-to-sell-arms-to-terrorist
18 Dec 14

FARC Arms Traffickers Arrested in Montenegro

Police in Montenegro arrested three international arms traffickers, suspected of trying to supply rebels in Colombia with weapons intended to kill Americans.

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.