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...
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...
At the beginning of September 2023, the Brdo-Brioni Process Summit was held in Skopje, North Macedonia, which brought together the leaders of the countries of the Western Balkan region, as well as the presidents of Croatia and Slovenia. This year’s summit was also attended by the president of Montenegro. This and meetings and events similar...
In the first quarter, the growth rates of both total revenues and total expenses were recorded. However, due to higher revenue growth, a budget surplus of EUR 65.8 million was achieved. The growth of income was stimulated by the increase in prices in the first quarter, which contributed to the fact that Value added tax...
The total inflow of foreign direct investments at the end of March amounted to EUR 209.41 million, a decrease of 15.33% compared to the same period last year, according to preliminary data from the Central Bank of Montenegro (CBCG). This decline, as explained, is the result of a decline in investment based on intercompany debt....
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....
Abstract In March, Montenegro borrowed EUR 100 million from Deutsche Bank. Compared to previous borrowings, this borrowing is significantly less favourable, taking into account the very high variable interest rate that is linked to Euribor. Considering the high uncertainty and expectations that the Euribor will increase in the coming period, this would also mean more...
Montenegro’s total labor force consists of approximately 250,000 people with almost 50,000 workers, or close to 20 percent of the labor pool, employed in the public sector. The unemployment rate was 24 percent as of December 2021, according to the country’s Unemployment Agency. As the result of the Europe Now reform program passed in December...
