The stock market in Montenegro experienced a decline in the index and modest trading volume this week. The top index, MNSE10, dropped by 0.5% to 1,181.99 points, while the MONEX index fell by 0.4% to 17,643.54 points. The trading volume amounted to EUR 113.8 thousand, half of last week’s figure.
A major event this week was the ESG Adria Summit held in Porto Montenegro, the largest regional conference dedicated to sustainability, investments, innovations, and economic development. The summit gathered over 700 participants, including high-ranking officials, business leaders, and representatives from more than 300 companies. The event highlighted sustainable development, innovations, and the green transition. Biljana Braithwaite, founder of Sustineri Partners and director of the summit, praised the region as one of the most dynamic economic corridors in Europe.
Montenegrin Prime Minister Milojko Spajić, speaking at the summit, emphasized the importance of economic growth through legal and political responsibility. He stated that Montenegro is striving to create conditions for job creation and economic progress.
This week, several stocks gained in value. Solana “Bajo Sekulić” rose by 17% to EUR 1.3, Hotelsko-turističko preduzeće Ulcinjska rivijera went up by 11% to EUR 7.77, and other companies like Jugopetrol and Port of Adria saw increases as well. On the other hand, stocks such as HTP Mimoza and Crnogorski Telekom experienced significant drops.
In political news, Prime Minister Spajić expressed expectations for support from the opposition in parliament regarding agreements with the United Arab Emirates (UAE). The government recently signed agreements on tourism and real estate development with the UAE, which have sparked some controversy. While some officials, including the president, have expressed concerns about the legality of these agreements, others defend them as consistent with Montenegro’s constitution and EU obligations.
In corporate news, Barska Plovidba announced plans to lease two ships from Crnogorska Plovidba to prevent the latter’s financial insolvency. Meanwhile, Air Montenegro reported a positive performance for the second consecutive year, proving the company’s stability and commitment to passenger satisfaction.
