Montenegro is embarking on a significant endeavor with the development of new hydro power plant projects, a move that promises to harness the country’s vast water resources and propel sustainable development. These projects hold immense importance for Montenegro, bringing a range of benefits that include energy diversification, environmental sustainability, job creation, and economic growth. This...
Montenegro, known for its natural beauty and rich resources, is now embracing the power of the sun to drive its energy transition. With an abundance of sunshine throughout the year, Montenegro holds immense potential for solar energy development. This article explores the efforts being made in Montenegro to promote and develop solar projects, contributing to...
Montenegro, a small country nestled in the Balkan region, is quickly emerging as a preferred destination for outsourcing business services. With its strategic location, highly skilled workforce, favorable business environment, and competitive costs, Montenegro offers numerous advantages for businesses looking to streamline operations, reduce costs, and gain a competitive edge. This article explores the benefits...
Montenegro, a small but ambitious Balkan country, is making significant strides in the development of energy projects. With a strong commitment to diversifying its energy mix, increasing renewable energy generation, and enhancing energy security, Montenegro is setting the stage for a sustainable and prosperous future. This article explores the exciting energy projects taking shape in...
Montenegro, a small Balkan country nestled along the Adriatic coast, has gained attention as an attractive destination for business and investments. With its stunning natural beauty, strategic location, favorable business environment, and commitment to economic growth, Montenegro offers several advantages for entrepreneurs and companies. In this article, we will explore the advantages and opportunities that...
Montenegro’s economy is overly reliant on tourism and foreign-born workers. Home to just over 600,000 people, stunning mountains, and perhaps the most beautiful stretch of Adriatic coastline, Montenegro’s days of obscurity are over. Now connected to the rest of Europe by budget airlines via its capital of Podgorica, tourism in Montenegro is expected to fully...
One of the trends that marked the previous period is the rise in prices. Inflation (measured by the consumer price index – CPI) increased by 10.1% in the first eight months of 2023 compared to the same period of the previous year. The inflation rate was most affected by the increase in the prices of...
At the beginning of September 2023, the Brdo-Brioni Process Summit was held in Skopje, North Macedonia, which brought together the leaders of the countries of the Western Balkan region, as well as the presidents of Croatia and Slovenia. This year’s summit was also attended by the president of Montenegro. This and meetings and events similar...
In the first quarter, the growth rates of both total revenues and total expenses were recorded. However, due to higher revenue growth, a budget surplus of EUR 65.8 million was achieved. The growth of income was stimulated by the increase in prices in the first quarter, which contributed to the fact that Value added tax...
The total inflow of foreign direct investments at the end of March amounted to EUR 209.41 million, a decrease of 15.33% compared to the same period last year, according to preliminary data from the Central Bank of Montenegro (CBCG). This decline, as explained, is the result of a decline in investment based on intercompany debt....
