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Latest Business News from Montenegro

07 Oct 11

Montenegro Unveils First Locally Manufactured Weapons

The first Montenegrin-made pistols and assault rifles were unveiled to the public by the Montenegrin Defence Ministry and Mojkovac-based TARA company on Wednesday.

05 Oct 11

United Arab Emirates Delegation Visits Montenegro

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.

04 Oct 11

Montenegro Airlines Against Privatisation

The chief executive officer of Montenegro Airlines, Zoran Djurisic, has launched a scathing attack against the government for attempting to privatise the national carrier.

03 Oct 11

Montenegro Agrees on Free Trade Deal with Ukraine

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.

28 Sep 11

Montenegro Receives $85 million Development Loan

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).

21 Sep 11

Montenegro’s Biggest Cinema Snapped Up By Austrians

Austrian company "Cineplexx International" announced this week that it had bought the biggest cinema in Montenegro "Ster Cinema", according to media reports.

21 Sep 11

Balkan Regulators May Scrap Roaming Fees

Following the EU's example, regulatory bodies from the Balkans are considering phasing out mobile phone roaming charges, which are far higher than prices in Western Europe.

16 Sep 11

MONSTAT: Montenegro GDP Beats Expectations

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.

world-bank-approves-eu59-1-million-20-year-loan-for-montenegro

03 Sep 11

World Bank Approves €59.1m Loan for Montenegro

Disbursement of a 20-year €59.1 million loan for Montenegro from the World Bank is expected to begin in 2012.

montenegrins-should-take-advantage-of-belgrade-pristina-dispute

12 Aug 11

Montenegro to Benefit from Kosovo Trade Ban

Meat and beverage exports from Montenegro to Kosovo could rise in coming weeks, following comments from Montenegro’s deputy economy minister.

05 Aug 11

Foreign Direct Investment In Croatia Nosedives

Foreign direct investment in Croatia plummeted during 2010, new figures from the United Nations Conference on Trade and Development, UNCTAD, reveal.

high-point-for-montenegro-s-wto-accession-negotiations-with-ukraine

04 Aug 11

Montenegro Edges Closer to WTO Accession

Montenegro is one step closer to joining the World Trade Organisation after completing a successful dialogue with the Ukraine’s deputy economy minister yesterday.

budva-municipality-owed-e37-million-for-communal-services

07 Jul 11

Montenegro Resort Town Seeks €21 Million From Builders

In an effort to solve their financial problems, local authorities in the seaside resort town of Budva are working intensively to collect communal taxes owed by investors who have constructed buildings in the city.

macedonian-capital-tops-regional-doing-business-report

30 Jun 11

World Bank Praises Business-Friendly Skopje

Macedonian capital leads the region in terms of best city in which to start a business, a new report says.

11 May 11

Montenegro, UAE Move to Stamp Out Double Taxation

Representatives of the Ministries of Finance of Montenegro and the United Arab Emirates have initialed a treaty to eliminate double taxation between the two countries.