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Latest Business News from Montenegro

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.

arabs-scraps-luxury-resort-plan-in-montenegro
01 Apr 15

Emirates Scrap Luxury Resort Plan in Montenegro

A major UAE investor has pulled out of deal worth 300 million euro to build a luxury resort near Budva, dealing a serious blow to the Montenegrin government.

montenegro-to-build-cable-car-to-atract-foreign-tourists
23 Mar 15

Montenegro Plans Showpiece Cable Car Route

The Montenegrin government is seeking international backers to construct an ambitious 15-kilometre cable-car route from Kotor on the coast to the country’s old royal capital Cetinje.

oil-gas-offshore-exploration-in-adriatic-delayed
18 Mar 15

Croatia Puts Adriatic Oil, Gas Probes on Hold

The start of oil and gas exploration in the Adriatic will be pushed back by several months owing to concerns raised by Croatia's maritime neighbours.

montenegro-expects-investmen-surge-in-torusim-sector
12 Mar 15

Montenegro Expects Investment Surge in Tourism

Montenegro expects at least 250 million euro of foreign investment in tourism, mainly in large projects on the coast whose construction already started in 2014.

western-balkans-lag-in-structural-reforms-imf-says
11 Mar 15

Balkan Economies Falling Behind, IMF Warns

The Western Balkan are lagging behind other former Communist transitional countries and need to complete the transformation process that began two decades ago, an IMF report says.  

gray-economy-hinders-us-investments-in-montenegro
06 Mar 15

Rule of Law Worries US Firms in Montenegro

American businesses operating in Montenegro do not believe the state of the rule of law is improving, although they still see the country as an attractive destination for investment overall, a new survey suggests.

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.

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-nato-victims-families-struggle-for-justice
16 Apr 15

NATO Victims’ Families to Sue Montenegro in Europe

The families of those killed in a NATO air strike plan further legal action after the Montenegrin supreme court rejected their bid for compensation for the deaths in 1999.

Culture and Lifestyle

danube-salmon-endangered-by-planned-balkan-hydroelectric-plants 19 Mar 15

Power Dams Pose Threat to Rare Balkan Salmon

Planned hydroelectric power plants on Balkan rivers pose a deadly threat to the survival of the Mladica, known as the Balkan salmon, the NGO Riverwatch says.