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Montenegro, Recent Economic Developments, Employment and Wages

December 8, 2022

The COVID-19 pandemic continued to bring uncertainties in 2021 for employment, and affected the labour market indicators. Restrictions in terms of mobility were in force at the beginning of the year, dealing with inter-city movement and working hours of business premises. Mass immunisation of the population started from May and majority of measures dealing with […]

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Montenegro, Recent Economic Developments, Inflation

December 8, 2022

The inflationary developments in 2021 are under impact of an increase in aggregate demand, bottlenecks in global supply chains, and basic commodities prices trends in the global market, primarily of the crude oil. Official MONSTAT data show an increase of year-on-year inflation for 11 months of 2021 of 2.2 percent, whereby the strongest positive contribution

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Montenegro, Recent Economic Developments, Lending Activity of Banks

December 8, 2022

The banking sector of Montenegro made a strong contribution to the Montenegrin economy rebound, which was heavily affected by the COVID-19 pandemic in 2020. The banking system in Montenegro maintained stability, high liquidity, preserved profitability, and good capitalisation in 2021 as well. All key balance sheet items recorded an increase on annual level, and so

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Montenegro, Analysis of the construction sector

December 8, 2022

We have witnessed a marked increase in real estate prices in the last few months. The reasons for this growth are seen by some in the huge inflation that started a chain of price hikes in malls all over the world, while a smaller number believe that the current rise in apartment prices in Montenegro

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Montenegro, Expansion of the IT sector

December 7, 2022

The IT industry in Montenegro has been growing strongly in recent years, and now a lot of Ukrainian and Russian programmers have arrived. Although the state gives millions to this sector, business barriers drive some of the largest IT companies out of the country. As in the whole world, information technologies (IT) are a huge

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Montenegro, Recent Economic Developments, Gross Domestic Products

December 7, 2022

In spite of the negative effects of the coronavirus pandemic and contraction of the gross domestic product of 15.3 percent in 2020, the Montenegrin economy is recording a strong recovery in 2021, primarily due to successful tourism season, advancements in immunisation, and an open door policy, as well as because of the effects of improved

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Invest in Real Estate Montenegro

October 14, 2022

Montenegro is an anomaly in the European real estate market. The investment returns for those who invest in Montenegrin real estate are among the highest in the entire continent. The trend is rising thanks to the tourism boom that this Balkan country has been experiencing for the last few years. In addition to the growing

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Montenegro Tax System and environment

October 14, 2022

The Montenegro tax system is among the best of the best for investors. The primary taxes in Montenegro are: Income tax: 9-11 % Corporate tax: 9 % VAT: 21 %, and 7 %, and 0 % for tourism and some basic products Withholding tax: 9 % on dividends, capital gains, rental income, royalties, and such

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Montenegro Banking services

October 14, 2022

Montenegro has a modern and mature banking system with almost 20 banks. Here we will walk you through the main particularities of the banking sector in Montenegro. First, you must know that it is incredibly easy to open a bank account in Montenegro. All you need is a valid passport. You may say that that’s

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Montenegro corporate structures

October 14, 2022

Montenegro has a modern legal system with robust business laws. The business regulations have evolved to represent the dynamic business environment of the country. Opening and operating a business in Montenegro is cheap and straightforward. Registration fees are low, and minimum capital requirements are almost non-existent. That’s why it’s the 50th easiest country to do

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