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Latest Business News from Montenegro

28 Apr 10

Montenegro: More Time for Highway Consortium

The Montenegrin government has extended the deadline for Greek-Israeli consortium Aktor - HCH to submit a bid for the construction of three sections of the Bar - Boljare highway, Podgorica media reported.

27 Apr 10

Report: Ex Thai PM to Invest in Montenegro Bank

Former Thai Prime Minister Thaksin Shinawatra, who is a citizen and current resident of Montenegro, is negotiating in Podgorica on investment in First Financial Bank, FFB, which is owned by Greek shipowner Victor Restisa, Beta news agency reports.

15 Apr 10

Montenegro: Ex Thai PM "Will Benefit Economy"

Montenegrin Finance Minister Igor Luksic said that his country will draw a direct economic benefit from its decision to give citizenship to ousted Thai PM Thaksin Shinawatra.

25 Mar 10

Croatia, Montenegro, Serbia Cited in Daimler Scandal

German-based car manufacturer Daimler AG has admitted to accusations of bribing officials in at least 22 countries, allegedly including Croatia, Montenegro and Serbia.

10 Mar 10

New Bosnia, Montenegro Border Crossing Opens

A new border crossing point between Bosnia and Montenegro, constructed with €2.6 million in funds from the European Union, opened on Wednesday near the southern Bosnian town of Trebinje.

05 Mar 10

Montenegro Drops Highway Deal with Croatians

The Montenegrin government has confirmed the cancellation of its contract with a Croatian consortium for the construction of the Bar - Boljare highway. It announced plans to continue negotiations with the second-ranking bidder, Greek-Israeli consortium Aktor - HCH.

03 Mar 10

Croatia Consortium May Lose Highway Contract

The Croatian consortium which won the bid for construction of the Bar-Boljare highway in Montenegro has reportedly failed to secure a written bank guarantee by the given deadline, which expired on Tuesday.

01 Mar 10

Restrictive Legislation Keeps Prices Low in Bosnia

The Bosnian real estate market has hit historic lows buffeted by the credit crunch and a sharp decline in the average Bosnian’s purchasing power. To make matters worse, restrictive laws obstruct foreign nationals from acquiring property in the country.

24 Feb 10

Carrefour Supermarkets to Open in Balkans

Global supermarket chains Carrefour and Marinopoulos have decided to create a joint company to develop hypermarkets and supermarkets under the Carrefour franchise in the Balkans.

23 Feb 10

EU Extends Western Balkan Trade Pact

The European Commission agreed on Monday to extend a preferential trade pact between the EU and seven Western Balkan countries for a further five years.

22 Feb 10

Kosor, Djukanovic: Montenegro Highway Stalled

Croatian and Montenegrin prime ministers failed to agree in Podgorica on Monday on the continuation of work on the Bar - Boljare highway in Montenegro.

10 Feb 10

Croatia Firms Advance Montenegro Highway Project

Three Croatian construction companies have finally obtained a written bank guarantee for the construction of a highway in Montenegro that will cost €2.77 billion, the Croatian Times reports.

21 Jan 10

Balkans Becoming Economically Freer, Says Index

Albania has region’s freest economy, Bosnia the least free, while Bulgaria is sole country in region whose score has dropped.

19 Jan 10

2,000 Montenegrin Steelworkers on Strike

Some 2,000 workers at the Montenegrin steelworks compay Niksicka Zeljezara started protesting on the streets of Niksic on Monday due to unpaid salaries and the termination of production at the company.

30 Dec 09