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Latest Business News from Montenegro

balkan-states-score-high-in-the-world-bank-s-doing-business-ranking-11-01-2017
01 Nov 17

Balkan States Score Well in Doing Business Ranking

World Bank's latest global business ranking holds cheering news for some Western Balkan countries, such as Macedonia and Kosovo, but not for Bosnia, Croatia and Albania, which did not make it into the top 50.

tito-s-ny-penthouse-opens-doors-to-potential-buyers-10-13-2017
16 Oct 17

Tito's NY Penthouse Opens Doors to Potential Buyers

A real estate agency is ready to show potential buyers the 418-square-metre penthouse apartment on Park Avenue in Manhattan once used by Yugoslav President Josip Broz Tito.

croat-clothing-brand-profits-from-tito-nostalgia-10-12-2017
12 Oct 17

Croat Clothing Brand Profits From Tito Nostalgia

A new Croatian urban clothing company is turning the slogans and emblems of the long-gone communist era into a fashion statement.

albania-and-montenegro-eyes-eu-funds-for-the-development-of-the-ionian-adriatic-pipeline-09-08-2017
08 Sep 17

Albania, Montenegro Eye EU Funding for Gas Pipeline

Albania's Energy Ministry on Friday presented a feasibility study for a 618-million-euros gas corridor between Albania, Bosnia and Croatia, which it hopes the EU and US will support.

russians-own-every-third-foreign-company-in-montenegro-08-07-2017
07 Aug 17

Russians Own Every Third Foreign Company in Montenegro

Although Podgorica’s relations with Moscow hit a new low this year when Montenegro joined NATO, almost every third foreign-run company in the tiny Adriatic country is still owned by Russians.

croatia-s-trade-barrier-angers-neighbors-08-02-2017
02 Aug 17

Croatia's Raised Import Tax Angers Neighbours

Western Balkan countries have united in condemning Croatia's tax increase on imports of fruit and vegetables, with some hinting at possible counter-measures in response.

balkan-countries-hit-by-cyber-attack-05-15-2017
15 May 17

Romania Worst Hit in Balkans by Cyber-Attack

Romania was the Balkan country worst affected by last Friday's global cyber-attack, while Bulgaria reported that one unnamed public institution was affected.

serbian-church-slams-montenegro-s-plan-to-dam-moraca-river-12-26-2016-1
27 Dec 16

Serbian Church in Montenegro Slams Planned Dams

The Serbian Orthodox Church in Montenegro has criticized a plan to built hydropower plants on the river Moraca, claiming it could endanger an ancient monastery in the river canyon.

montenegro-seeks-new-ways-to-finance-public-health-care-12-21-2016
22 Dec 16

Montenegro Urged to Radically Change Healthcare Funding

After the financing of the public health system almost collapsed this spring, a new model of funding it with money from taxes on tobacco and alcohol has been proposed.

montenegro-opposition-slams-government-s-budget-proposal-12-19-2016
20 Dec 16

Montenegro Opposition Slams Govt's Planned Benefit Cuts

The draft budget for next year drew strong criticism from the opposition, mostly over the government’s plan to cut benefits for families with children and take new loans to plug fiscal gaps.

russian-tycoon-deripaska-sues-montenegro-over-investment-loses-12-07-2016
07 Dec 16

Russian Billionaire Sues Montenegro Over Lost Investment

Oleg Deripaska, owner of the Central European Aluminum Company, is personally suing Montenegro for the loss of his investment in the troubled KAP aluminum plant.

russian-tycoon-sues-montenegro-over-aluminum-plant-loses-11-15-2016
15 Nov 16

Russian Tycoon Sues Montenegro Over Aluminum Plant

The Central European Aluminum Company, owned by the Russian tycoon Oleg Deripaska, is suing the government of Montenegro over the KAP aluminum plant's bankruptcy.

russians-own-every-third-company-in-montenegro-report-08-17-2016
18 Aug 16

Russians Dominate Foreign Ownership of Montenegrin Companies

Despite Montenegro’s cooling relations with Moscow, every third foreign-run company in the tiny Adriatic country is owned by Russians, the state statistical agency said.

montenegro-s-spending-hike-fuels-debt-concerns-06-27-2016
28 Jun 16

Montenegro May Revise Budget to Cover Spending Gap

Montenegro will have to revise its budget for 2016 in order to cover a growing chasm in the public finances.

montenegro-minister-faces-grilling-over-tax-debt-06-17-2016-1
20 Jun 16

Montenegro Minister Faces Grilling Over Unpaid Taxes

The opposition in Montenegro said it had sought a hearing with the Finance Minister over hundreds of millions of euros in unpaid taxes, which the minister is trying to recover.

Premium

china-s-stealthy-advance-in-balkans-should-worry-eu-01-11-2018
11 Jan 18

China’s Stealthy Advance in Balkans Should Worry EU

While Europe focuses on the threat of Russian penetration in Eastern Europe, it is neglecting the subtler dangers than come from China’s growing influence in the region.

19 Oct 17

EU Mulls Lower Roaming Charges for Balkans

29 Sep 16

World Bank Upbeat About Western Balkans

25 Jun 15

Balkan Economies Brace for Impact of Grexit

12 Aug 14

Montenegro Pins Tourism Hopes on August Surge

Politics and Society

europe-s-new-balkan-strategy-gets-dynamics-all-wrong-01-22-2018
22 Jan 18

Europe’s New Balkan Strategy Gets Dynamics All Wrong

The Commission’s new enlargement strategy for the Balkans is ambitious - but fundamentally misreads the serious nature of the challenges to democracy in the region.

17 Jan 18

How Rich Are the Balkans’ Top Politicians?

Culture and Lifestyle

gallery-new-year-s-eve-the-balkan-way-12-29-2017 01 Jan 18

Gallery: New Year’s Eve, the Balkan Way

New Year’s Eve was celebrated in true Balkan style across the region, with cities from Zagreb to Tirana putting on extravagant firework displays and open-air events, which saw regional and international stars performing to the swathes of jubilant crowds that came out to mark the beginning of 2018.

27 Dec 17

Balkan Cities to Party Their Way Into 2018

01 Aug 17

Best Balkan Films to Watch This Summer