Montenegro’s stock market saw a slight decline last week, with the MNSE10 index dropping to 1,162.67 points and the MONEX index falling to 17,373.32 points. Trading volume was low at €15,740, five times less than the previous week, partly due to a shortened trading week for Independence Day.
Shares of Jugopetrol and Hipotekarna Bank declined slightly, while Crnogorski Telekom shares remained stable. Shares of Izbor Bar and the Trend fund also traded at low levels.
The European Commission (EC) forecasted that Montenegro’s economy would grow by 3% in 2025 and 3.2% in 2026. The EC noted that last year’s slower growth was due to weaker exports, though private consumption and investment recovery supported economic activity. Recent government measures, including raising the minimum wage and reducing pension contributions, are expected to boost GDP growth but may also increase inflation.
The EC warned that political measures might weaken budget revenues and increase spending, potentially expanding the budget deficit and public debt this year and next. Economic growth is expected to remain moderate.
In corporate news, shareholders of Barska and Crnogorska Plovidba approved a cooperation agreement where Barska will advance €1 million to Crnogorska Plovidba to help prevent bankruptcy. The government seeks a long-term plan to optimize both companies and the maritime sector.
Prime Minister Milojko Spajić announced progress toward introducing a seven-hour workday, aiming to improve quality of life and productivity through broad consultations. However, the Employers’ Union cautioned that reducing work hours without productivity and efficiency improvements could harm economic activity and increase financial burdens.
Additionally, all banks operating in Montenegro have successfully applied for and received approval to join the SEPA payment system. Starting October 6, 2025, Montenegro’s financial market will be fully integrated into the Single Euro Payments Area, allowing euro transactions with SEPA countries under uniform rules and fees.
