The indices of the Montenegro Stock Exchange strengthened in the final days of the previous year, during shortened trading due to the holidays.
The value indicator for the top 10 companies on the Montenegro Stock Exchange, MNSE10, slightly increased to 1,085.52 points, while the MONEX index rose by 1% to 16,433.46 points.
In just two trading days, Monday and Tuesday, the turnover amounted to 16.92 thousand EUR, which is 8.7 times lower than the previous week.
Shares of Solana “Bajo Sekulić” rose by 91.7% to 2.3 EUR, Institute “Simo Milošević” by 21% to 29.3 EUR, Izbor Bar by 19.6% to 0.61 EUR, and Plantaže by 2.7% to 19 cents.
Jugoinspekt lost about 53% to 40 EUR, while the price of Tara Aerospace Mojkovac remained unchanged at 1 EUR.
The state entered the new year with temporary financing since the parliament did not adopt this year’s budget. The government has requested an extraordinary session on January 21 to discuss the budget.
Besides the Budget Law, the government will propose that the parliament include several other laws in the session’s agenda, such as those related to proportional pensions and the continuation of Montenegro’s European path.
This week, representatives from the Electric Power Company (EPCG) stated at their annual press conference that they will finish the year with positive results. The upcoming year will be challenging due to the eight-month stoppage of the Pljevlja Thermal Power Plant, but management will do everything to overcome these challenges.
They also highlighted last year’s projects, including solar panels, the Gvozd wind farm, and the construction of the eighth unit at the Perućica Hydro Power Plant.
EPCG also made progress on the Solari 5000+ project, allowing citizens to install solar panels on their balconies. They encouraged interested individuals to apply through the website https://www.solari.epcg.com/zanima-me/ or via Viber by sending a message to 068 84 63 63.
Participants will also receive a 20% subsidy provided by EPCG and its partner in the project, Eko-fond.
Additionally, the EPCG Solar Construction Board of Directors unanimously selected Milutin Marojević, the current acting director, as the new executive director.
Prime Minister Milojko Spajić stated that Montenegro expects a dynamic real economic growth rate of 4.8% this year, along with further stabilization of inflation and a reduction in unemployment.
“Besides positive expectations for the tourist season, the economic growth will be fueled by large infrastructural projects such as the construction of the second section of the Mateševo-Andrijevica highway, railway reconstruction, and significant projects in healthcare and education,” Spajić said in a New Year’s interview with Pobjeda.
Commenting on the opposition’s blockade of parliament, Spajić emphasized that the budget would be adopted, urging the parliament to do so quickly for the benefit of the citizens and the country.
Finance Minister Novica Vuković assessed that positive macro-fiscal trends should continue this year. He added that the strategic goal of economic policy remains achieving smart, sustainable, and inclusive economic growth.
“Given that the government is focused on strengthening the economy and maintaining fiscal stability this year, I am confident that positive macro-fiscal trends will continue, which will further strengthen confidence in the country’s macroeconomic stability, a key factor for building a sustainable and competitive economy,” Vuković stated in an interview with the Mina-business agency.
This week, the Ministry of Finance reported that budget revenues for November amounted to almost 2.5 billion EUR, or 34.3% of the projected GDP, which is 185.1 million EUR higher than the same period in 2023, or nearly 8 million EUR above the revised plan.
“Excluding one-time revenues, budget revenues for the first 11 months of last year were 331.8 million EUR, or 15.5% higher than in the same period of 2023,” the Ministry of Finance announced.
The Ministry added that they are continuing with a better overall budget balance than planned and positive trends.
