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Latest Business News from Montenegro

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.

montenegro-s-highway-loan-fuels-budget-gap-the-commission-says
11 May 15

Commission Revises up Montenegro's Growth in 2015

Latest European Commission prognosis for Montenegro's economy is more optimistic than the last - while warning that the costly new highway will add to the burden on the budget.  

montenegro-s-parliament-questionins-plan-for-fort-s-conversion
30 Apr 15

Montenegro MPs Block Resort Plan for Old Fort

A plan to offer the Mamula fort on a long-term lease to a Swiss company to turn into a hotel has failed to win the support of a parliamentary committee in Montenegro.

chinese-gain-tax-exclusion-for-montenegro-s-highway-construction
29 Apr 15

Montenegro Cuts Taxes on Chinese Highway Builders

The Chinese companies chosen to construct the priority section of the Bar-Boljare highway will not have to pay any taxes in Montenegro or customs duties for the import of materials.

eu-helps-create-balkan-transport-network
22 Apr 15

EU Hails Balkan Transport Network Deal

Leaders of six Western Balkans countries meeting on Tuesday in Brussels agreed on plans for a regional transport network, to which the EU has pledged 130 million euros.

montenegro-rises-petrol-price-to-pay-highway-loan
17 Apr 15

Montenegro Raises Petrol Price to Pay Highway Loan

The Montenegrin government is to introduce a new fuel tax in order to cut the budget deficit and pay off a huge loan it took to build a highway.

imf-slightly-ups-montenegro-s-growth-forecast
17 Apr 15

IMF Slightly Raises Montenegro’s Growth Forecast

Montenegro's GDP is projected to grow by 4.7 per cent in 2015 and 3.5 per cent in 2016, the International Monetary Fund said in its latest report.

montenegro-struggles-to-keep-emirates-investor
15 Apr 15

Montenegro Struggles to Secure Emirati Investment

The Montenegrin government is renewing efforts to secure investment from a major Abu Dhabi company after it pulled out of a 300-million-euro deal to build a luxury resort.

unfair-competition-from-informal-sector-and-corruption-haunts-business-leaders-in-the-balkans
13 Apr 15

Graft and Grey Economy Hindering Balkan Business, EBRD

A new survey from the European Bank for Reconstruction and Development, EBRD, shows that corruption, competition with the informal sector, complex taxes and lack of access to bank loans are the chief complaints of business leaders in the Balkans.

montenegro-restricts-employment-of-foreigners
08 Apr 15

Montenegro Defends Curbs on Foreign Work Permits

New limits on the employment of foreigners in Montenegro in force since April 1 have angered some employers - but the government says it has a duty to protect domestic workers.

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-s-scientist-to-preserve-endangered-dolphins-in-albania
26 May 15

Montenegrins Battle to Save Endangered Dolphins

A group of Montenegrin scientists are battling to protect the habitat of dolphins in the Albanian part of the Adriatic Sea, warning that the species is vanishing at an alarming rate.

Culture and Lifestyle

balkan-countries-gear-up-for-eurovision 19 May 15

Five Balkan Countries Competing in Eurovision

Performers from only five Balkan countries are competing in this year's Eurovision Song Contest in Vienna - whose semi-finals get underway this week.