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Latest Business News from Montenegro

23 Aug 07 / 03:10:00

Montenegro To Research Oil and Gas Deposits

Podgorica_Possible oil deposits in Montenegro are estimated at 7 billion barrels, while the natural gas deposits could amount to 425 billion cubic meters, country’s development strategy released Friday said.

22 Aug 07 / 06:00:00

Montenegro Generates January-July Budget Surplus

Podgorica _ Montenegro generated a budget surplus of 117 million euros in the first seven months of 2007, three times more that in the same period in 2006, country’s Finance Ministry announced Wednesday.

22 Aug 07 / 05:55:00

Montenegro Introduces Euro 3 Standard for Imports of Used Cars

Podgorica_ Montenegro has banned imports of vehicles older than seven years as of Wednesday, according to a government decree aimed at limiting pollution and emissions of harmful gasses.

20 Aug 07 / 03:09:00

Abu Dhabi Royal Ponders Investing in Montenegro

Budva_ An Abu Dhabi royal has arrived in Montenegro for a fact-finding mission aimed at exploring possible investments in the country’s Adriatic coast, Montenegrin media reported on Monday.

17 Aug 07 / 03:09:00

Montenegrin Financial Watchdog Clears Former PM

Podgorica _ A Montenegrin company owned by country’s former leader has regularly bought the shares of a commercial bank, a financial watchdog announced Friday.

25 Jul 07 / 05:35:00

Montenegrin Tourism Hit With Water, Power Shortages

Budva_ Water and electricity shortages are driving some tourists away from the Montenegrin coast before the end of their holiday, potentially harming the country’s budding vacation industry.

19 Jun 07 / 15:33:00

Montenegro's Potential Interests Gulf Sheikh

Podgorica – A Gulf Sheikh, Hamdan bin Zayed Al Nahyan, foreign minister of Abu Dhabi, in the United Arabian Emirates, has indicated willingness to make major investments in Montenegro after discovering its long sandy beaches and other coastal and continental resorts, local media reported.

12 Jun 07 / 14:42:00

Montenegro Abandons Energy Sale to Russian Businessman

Podgorica, – Montenegro’s government on Tuesday bowed to parliament’s demand for it to abandon the planned privatisation of the country’s major energy complex at Pljevlja.

12 Jun 07 / 03:06:00

Montenegro`s Parliament Opposes Privatisation Plan

Podgorica_Montenegro’s parliament voted 44-34 on Tuesday to oppose plans by the government of Prime Minister Zeljko Sturanovic to sell the country’s major energy complex to the Russian aluminum baron Oleg Deripaska.

06 Jun 07 / 14:09:00

Montenegro Faces Government Crisis

Podgorica, Montenegro_The world's newest nation could face a government crisis if Montenegro's two ruling parties don't overcome differences over the privatisation of the country's biggest thermal plant and coal mine to the Russian billionaire Oleg Deripaska, a government source said on Wednesday.