Hipotekarna Banka in Montenegro has secured a €10 million credit line from the European Bank for Reconstruction and Development (EBRD), which will be directed towards offering…
Browsing: Economy
As of September 2024, Montenegro’s total public debt amounted to €4.46 billion, which represents 60.19% of the country’s gross domestic product (GDP). After accounting for the…
A significant number of Turkish entrepreneurs have established businesses in Montenegro, particularly in Kotor, although official statistics on their numbers are lacking. Many are concentrated in…
Lidl Montenegro has made significant progress in its expansion plans, submitting a request for approval of the architectural design for a new retail store in Zeta,…
Montenegro is the only country in the region that doesn’t subsidize airlines, putting its airports at a competitive disadvantage compared to neighboring countries like Slovenia, Serbia,…
The first Crowne Plaza hotel in Montenegro will open by the end of the year in the Capital Plaza business center in Podgorica, announced BIG CEE.…
In the first three quarters of 2024, Montenegro’s tourism revenues amounted to €1.312 billion, which is €49.5 million less than in the same period last year,…
The third tender this year, offering €12 million for the completion of the Rožaje by-pass, failed to attract any bidders, as confirmed by the Traffic Administration.…
Montenegro and Albania are the first countries in the Western Balkans to join the Single Euro Payments Area (SEPA), a European Union initiative aimed at simplifying…
The increase in value-added tax (VAT) will negatively affect Montenegro’s tourism offer, stated Žarko Radulović, president of the Montenegrin Tourism Association and co-owner of Montenegrostars. He…
