The President of the Chamber of Economy of Montenegro, Dr. Nina Drakić, opened the Montenegro 2025 Economic Conference in Budva under the theme “Regional Economies in Today’s Challenges”, emphasizing that the conference, held continuously since 2010, has become a key regional forum for dialogue between businesses, experts, and policymakers. Drakić highlighted that despite global challenges, […]
Montenegro is experiencing its highest annual inflation since May 2024, according to Boris Mugoša, head of the SD parliamentary club and European Union representative. Data from MONSTAT for September show that inflation in Montenegro is more than double that of the eurozone. Key price increases include fruit (21.9%), pharmaceuticals (15.4%), oils and fats (14%), and
Montenegro records highest inflation since May 2024, outpacing most EU countries Read Post »
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
Economy in focus: Montenegro Read Post »
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
Price and GDP growth Read Post »
During 2022, a constant increase in prices was observed. During the first eleven months of 2022, the average inflation rate was 12.7%. However, in November the inflation rate was at the level of 17.5%, which is the highest annual price growth rate compared to the previous months. The biggest increase in prices was recorded for
Montenegro, 2022 business environment, Very high inflation rate Read Post »
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
Montenegro, Recent Economic Developments, Inflation Read Post »
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
Montenegro, Recent Economic Developments, Lending Activity of Banks Read Post »
