Montenegro, a small Adriatic nation with outsized ambitions, is increasingly positioning itself as a logistics bridge between the Western Balkans and the European Union. With the EU as its dominant trade partner, the country’s strategy hinges on modernizing its sea, rail, and road infrastructure while navigating the complex terrain of customs duties, free-trade deals, and...
Montenegro, with its strategic location along the Adriatic Sea, is emerging as a promising import hub for raw materials destined for heavy industries in the European Union (EU). The country’s well-developed sea ports offer an efficient and cost-effective gateway for the importation of essential raw materials required by EU heavy industries. Elevatepr. digital will explore...
Montenegro, despite being a small country in southeastern Europe, actively engages in international trade. Its key trade partners are a mix of neighboring countries and global economic powers. The main trade partners of Montenegro include: 1. European Union (EU): Montenegro’s integration into the EU has significantly boosted trade relations with member states. The EU is...
In 2004, Montenegro adopted the Law on Free Zones, which offers businesses benefits and exemptions from custom duties, taxes, and other duties in specified free trade zones. The Port of Bar is currently the only free trade zone in Montenegro. All free zone users have many benefits provided by the law and other regulations (import...
