Montenegro has sold its bankrupt Zeljezara steel mill in Niksic to a Turkish metals company, which will help the Adriatic country to reduce its debt burden.
European Bank for Reconstruction and Development report predicts that eurozone crisis will buffet Balkan economies, slowing growth in 2012.
Montenegro says it will meet a Friday deadline to pay more than 20 million euro in guarantees for the debt of Podgorica Aluminum Plant, KAP, to Deutsche Bank.
Despite the worsening crisis in the eurozone, Montenegro will not abandon it as its currency, as a new currency would cost too much to introduce, Prime Minister Igor Luksic said.
More than 200,000 tourists visited Montenegro during the month of September, 15 per cent more than were recorded in the corresponding period last year, according to official statistics released today.
Serbian imports to Montenegro accounted for €480 million while Montenegrin exports accounted for €60 million, according to the latest figures from Monstat, Montenegro’s Statistics Office.
Italy and Serbia signed a strategic partnership on renewable energy in Rome on Tuesday. The goal is for Italian companies to produce hydroelectric power in Serbia and export it to Italy via Montenegro.
Sofia and Podgorica are considering setting up a joint company for the transfer of electricity to Italy after talks were held between Montenegrin Prime Minister Igor Luksic Bulgarian PM Boyko Borissov in Sofia.
The customs union of Russia, Belarus and Kazakhstan will expand to include Montenegro and Serbia, Russia’s Minister for Emergency Situations, Sergei Shoigu, has said.
An economic delegation of the United Arab Emirates, UAE, arrived in Montenegro today for a visit which is expected to result in the signing of bilateral agreements between the two countries.
Montenegro has agreed with Ukraine to sign a free trade agreement that will break the deadlock over the accession of Montenegro to the World Trade Organisation (WTO), according to Economy Minister Kavarić.
Montenegro’s finance minister Milorad Katnic and World Bank director for Southeast Europe Jane Armitage have signed a development policy loan in Washington worth $85 million (€62 million).
Montenegro's GDP in 2010 was 2.5 per cent higher than at the end of 2009 and amounted to €3.1 billion, Montenegro's Statistic's Office MONSTAT has revealed.
Disbursement of a 20-year €59.1 million loan for Montenegro from the World Bank is expected to begin in 2012.
Meat and beverage exports from Montenegro to Kosovo could rise in coming weeks, following comments from Montenegro’s deputy economy minister.
Foreign direct investment in Croatia plummeted during 2010, new figures from the United Nations Conference on Trade and Development, UNCTAD, reveal.
Italy’s need to meet its EU carbon reduction target underpins its ambitious investments in the energy sector in the Balkans and North Africa.
A progress has been made in ensuring the rights of Montenegro’s refugees, but institutional capacities for the enforcement of those rights need to be enhanced, the European Commission says.
08 May 12 / 13:58:27
A survey of world media freedom in 2011 carried out by US-based watchdog Freedom House put Montenegro in top place in the region. Kosovo has also moved up the rankings while Macedonia has moved down.