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Latest Business News from Montenegro

canadian-mining-magnate-sells-superyacht-marina-in-montenegro-05-04-2016
05 May 16

Canadian Tycoon Sells Montenegrin Superyacht Marina

In an unexpected move, Canadian billionaire Peter Munk is selling his stake in the Porto Montenegro resort to the state investment fund of Dubai.

montenegro-turns-old-military-bases-into-luxury-resort-04-21-2016
22 Apr 16

Montenegro Turns Naval Base into Luxury Resort

Construction of a luxury resort with Azerbaijani capital is due to start on Friday in the Bay of Kotor, in a bid to turn the old Yugoslav Army base into a haven for the super-rich.

montenegro-minister-faces-grilling-over-russian-investments-04-15-2016
18 Apr 16

Montenegro Minister Faces Grilling Over Failed Investment

The opposition in Montenegro said it sought a hearing with the tourism minister over a bank guarantee provided by a Russian investor to build a luxury resort, which turned out to be false.

corruption-poses-risk-for-montenegro-s-economy-report-04-07-2016
07 Apr 16

Banks Highlight Risks to Montenegro's Economy

A report by four European banks warns that Montenegro’s economy faces significant structural, economic, and fiscal risks.

energy-and-transport-dominate-ebrd-s-balkan-summit-in-london-02-22-2016
23 Feb 16

Balkan Leaders Discuss Energy, Transport at Summit

Transport links and energy projects were high on the agenda as Balkan premiers met at an investment summit in London organized by the European Bank for Reconstruction and Development.

montenegro-defends-decision-to-turn-prison-camp-into-resort-01-27-2016
28 Jan 16

Investor Pledges to Guard Mamula Fort Heritage

A plan to turn an Austro-Hungarian prison camp into a five-star hotel has angered many in Montenegro, but the investor and the state claim they will persevere the site's heritage.

montenegro-sees-room-for-new-mobile-operator-01-11-2016
12 Jan 16

Montenegro Invites Bids for New Mobile Operator

Montenegro announced it will launch a bidding process for a fourth mobile licence, raising questions about whether the tiny Adriatic country really needs another operator.

montenegro-plans-to-link-kotor-to-mountains-by-cable-car-01-05-2016
06 Jan 16

Montenegro to Build Cable Car up Mountains

The government is seeking international partners to construct an ambitious 15-km-long cable car route from Kotor on the coast to the old royal capital of Cetinje.

montenegro-work-permit-limit-worries-foreign-firms-11-06-2015
09 Nov 15

Montenegro Work Permit Limit Worries Foreign Firms

Limits on the employment of foreigners in Montenegro - in force from this week - have angered some employers - but the government says it has a duty to protect domestic workers.

eu-to-financially-support-western-balkans-08-28-2015
31 Aug 15

Europe to Fund Balkan Transport, Energy Projects

Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security.

montenegro-airlines-cuts-costs-to-tackle-debt-08-11-2015
11 Aug 15

Montenegro Airlines Cuts Costs to Tackle Debt

Montenegro's national carrier is implementing new cost-cutting measures having discovered that the company had run more debt than was previously believed.

russian-tourists-come-back-to-montenegro
17 Jul 15

Russian Tourists Start Returning to Montenegro

Montenegro is likely to see more Russian tourists this summer, after a 40-per-cent drop last year, caused by the devaluation of the ruble and impaired relations between the countries.

region-carefully-brace-for-greek-referendum-results
06 Jul 15

Balkan States Weigh Impact of Greece’s ‘No’

Officials in the Balkans are weighing up the potential impact of the Greek referendum result on their countries amid warnings that a deepening of the crisis could damage economies in the region.

montenegro-expects-more-tourist-because-of-greek-crisis
01 Jul 15

Montenegro Eyes Tourist Boom From Greek Crisis

Montenegrin Central Bank says Greek financial crisis will not significantly affect Montenegro's economy- and may even may bring more tourists to the country this summer.

montenegro-hopes-to-see-more-chinese-tourists
29 Jun 15

Montenegro Hopes for More Chinese Tourists

After a drastic decline in Russian tourists in 2014, Montenegro is turning to other eastern markets to compensate the loss, with the government hoping for an influx of Chinese holidaymakers.

Premium

balkan-economies-brace-for-impact-of-grexit
25 Jun 15

Balkan Economies Brace for Impact of Grexit

Balkan countries are weighing up the likely impact on trade, banks, currencies and investment if Greece is forced out of the eurozone.

12 Aug 14

Montenegro Pins Tourism Hopes on August Surge

10 Nov 11

Jury Out On Who Will Profit From Dams

10 Nov 11

Several Years of Deals and Contracts

07 Nov 11

The Big Three: Terna, CGES and Enel

05 Nov 11

The Italy-Montenegro Cable

Politics and Society

montenegro-urged-to-open-communists-secret-files-05-30-2016
31 May 16

Montenegro Under Pressure to Open Secret Files

Opposition parties say if their joint candidate is made inspector of the country's intelligence service, the agency will be depoliticised and sealed Communist-era files can be opened up.

Culture and Lifestyle

ring-in-the-new-year-balkan-style-12-31-2015 31 Dec 15

Ring in the New Year Balkan Style

New Year’s Eve in the Balkans means music, fireworks, food, and more music in city squares under the stars.

22 Oct 15

Montenegrin Art Group Spurs Cultural Revival

07 Oct 15

UK Comedy Star Backs Foster Care in Montenegro

09 Jul 15

Exit Festival Returns with Big Names