Montenegro’s North cities offer a unique opportunity for businesses looking to set up outsourced operations. With a rich history of traditional industries, a skilled workforce, and favorable business conditions, these cities provide an ideal environment for companies seeking to leverage the benefits of outsourcing. Mercosur.me explores the advantages of choosing Montenegro’s North cities for setting...
Located in the northern region of Montenegro, Nikšić is emerging as a significant player in the European industrial and business sectors. Known for its rich cultural heritage and natural beauty, Nikšić is also gaining recognition for its industrial capabilities, strategic position, and potential as a nearshoring destination for European Union (EU) companies. Industrial Legacy of...
In the picturesque landscape of Montenegro lies Herceg Novi, a coastal town with untapped potential in the technology sector. This article explores how Herceg Novi could evolve into a major Information Technology (IT) nearshoring hub for foreign companies, leveraging its unique geographical location, advanced IT infrastructure, skilled workforce, and an unparalleled living environment. Proximity to...
Montenegro, a picturesque country located in Southeast Europe, is committed to fostering sustainable development and attracting environmentally responsible businesses. The Montenegrin government has implemented various investments and incentives to encourage and support companies in adopting sustainable practices. Elevatepr.me highlights the government’s efforts and the incentives available for businesses seeking to establish sustainable operations in Montenegro....
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...
According to the preliminary data, in the period January-September 2021, the current account deficit was 249.2 million euro and was lower by 71.1 percent relative to the same period of 2020. Narrowing of the current account deficit is a consequence of the increase in surplus on the account of services, the primary and secondary income...
In the period January–September 2021, the portfolio investments account recorded a net outflow of 396.5 million euro, while the net outflow on the other investments account was 294.4 million euro. The main drivers of developments on this account were lower borrowing of the State, as well as of banks and other sectors, on the account...
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...
