finances

Major Turkish Investors in Montenegro

With its strategic location, natural beauty, and growing economy, Montenegro has attracted substantial foreign investment in recent years. Among the prominent investors, Turkish companies have played a significant role in various sectors. Elevatepr.me explores some major Turkish investors in Montenegro and highlights their contributions to the country’s economic growth and development. 1. Investments in Infrastructure: […]

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Unlocking Investment Opportunities in Montenegro’s Competitive Sectors

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

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Exploring the Advantages of Doing Business in Montenegro

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

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Montenegro economy briefing: Wage growth in the public sector and other labour market issues

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

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Montenegro, Recent Economic Developments, International Investment Position

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

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Montenegro, Recent Economic Developments, Lending Activity of Banks

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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