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Latest Business News from Montenegro

07 Jul 09 / 04:48:28

Romania Press Review ' July 7

Here are the top stories in Romania’s main newspapers. Balkan Insight has not verified the reports and cannot vouch for their accuracy.

29 Jun 09 / 10:07:53

Russian Casinos To Find New Home in Balkans

Several of the largest Russian casino owners plan to relocate to the Balkans after a Russian ban on gambling on the territory of the Russian Federation takes hold on July 1, the Belgrade daily Vecernje Novosti said Monday.

04 Jun 09 / 05:21:41

Albania Arrests Illegal Dumping Suspects

Three people have been arrested in the southern Albanian town of Vlora on suspicion of dumping large quantities of oil residue in the Adriatic Sea.

21 May 09 / 10:54:44

Balkan Executives Battle Crisis Over Internet

Increasing number of executives from the Balkans are taking advantage of the new social networking sites especially adjusted to their needs in order to tackle the current economic crisis that has struck their region.

14 May 09 / 03:37:45

Thaksin Bidding for Montenegro Island

A Thai newspaper has reported the ousted former Thai Prime Minister Thaksin Shinawatra is bidding to buy a Montenegrin island, roughly one kilometre from the medieval town of Budva.

13 May 09 / 09:35:02

Real Estate Plummets in Montenegro

Montenegro’s central bank said foreign investment in the country’s real estate market dropped 59.2 per cent in January this year, when compared to January 2008.

29 Apr 09 / 10:47:46

Montenegro Doesn't Need IMF Assistance

Montenegro’s finance minister Igor Luksic has expressed confidence that his country does not require assistance from the International Monetary Fund.

20 Apr 09 / 03:12:57

Serb Power Giant to Buy into Montenegro Firm

Serbian public power monopoly EPS will take part in a tender to purchase a 18 percent of share in their Montenegrin counterpart, EPCG, reports the Tanjug Agency.

15 Apr 09 / 05:15:58

Montenegro Eyed by Serbian Power Monopoly

Serbian power monopoly EPS is looking to expand regionally by acquiring shares in neighbouring Montenegro's state-owned utility, its general manager said on Tuesday.

14 Apr 09 / 04:18:27

Israel's El Al Eyes Montenegro Airlines Stake

Israel's El Al is in talks to buy a thirty percent stake in state-owned Montenegro Airlines, officials from the two airlines said on Monday.

01 Apr 09 / 09:18:26

Montenegro`s KAP Announces Job Cuts

Montenegro's loss-making aluminium smelter KAP will temporarily suspend 20 percent of its workforce, sending 450 workers on mandatory leave in response to falling global metals demand, union officials said on Wednesday.

31 Mar 09 / 09:46:41

Balkans Feel Chill of World Recession

As the World Bank issues its latest report which forecasts the first global recession since World War II, the chill winds of economic slowdown are increasingly being felt in the Balkans.

31 Mar 09 / 05:24:23

Djukanovic Calls for Better Relations with Serbia

Montenegro Prime Minister Milo Djukanovic has said that relations between Serbia and Montenegro are not satisfactory, but that there is scope for improving them.

30 Mar 09 / 11:18:59

Europe Eyes Balkan Energy Potentials

The member states and institutions of the European Union are keeping a close eye on the rich energy potential of the Balkan countries, Western officials have said, urging local leaders to undertake necessary reforms and unlock this sector for potential investments.

27 Mar 09 / 08:11:30

Campaigning Closes Ahead of Montenegro Poll

Montenegrins are to vote in parliamentary elections on Sunday to decide whether their longtime prime minister maintains his grip on power despite economic decline caused by the global financial crisis.