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Latest Business News from Montenegro

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.

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.  

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

montenegrin-presidential-elections-called-for-april-15-01-19-2018
19 Jan 18

Montenegro Calls Presidential Elections For April

The speaker of the Montenegrin Parliament, Ivan Brajovic, has set a date for the next presidential elections on April 15.

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