As the world collectively tackles the challenges of climate change, Montenegro is making significant strides in transitioning to a sustainable and decarbonized future. The development of new energy projects in Montenegro plays a pivotal role in achieving its decarbonization strategy, fostering economic growth, reducing greenhouse gas emissions, and ensuring energy security. This article emphasizes the...
Montenegro is embarking on a significant endeavor with the development of new gas terminal projects, a move that promises to transform the country’s energy landscape and spur economic growth. These ventures hold immense importance for Montenegro, bringing a range of benefits that include enhancing energy security, diversifying the energy mix, attracting investment, and promoting regional...
Montenegro, a small yet vibrant country in the Balkan region, has quickly gained attention as an attractive investment destination. With its favorable business environment, strategic location, and diverse sectors, Montenegro offers numerous opportunities for investors seeking to expand their portfolios. This article explores some of Montenegro’s most competitive sectors and highlights the potential they hold...
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, 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...
Abstract During the first three months of 2023, favourable trends were recorded on the labour market. Earnings recorded a growth of slightly more than 10% in comparison with the same period in 2022. This growth was mostly influenced by decisions on salary increases in the public sector during the previous and current year. The growth...
Montenegro citizenship by investment is a program that allows people to obtain citizenship in the country with a significant financial investment in the country. This can include investing in real estate, making a financial contribution to the government, or investing in a business. The investment amounts can vary but typically involve a substantial financial commitment....
In 2019, the Central Bank of Montenegro has published for the first time the net international investment position (NIIP) of Montenegro, which is a difference between external financial assets (receivables-assets) and external financial liabilities and capital (liabilities). According to the international investment position, Montenegro is a net debtor, because it has a negative position, which...
