Montenegro’s stock market saw mixed performance this week, with the MNSE10 index slightly declining to 1,151.93 points, while the MONEX index rose one percent to 18,083.45 points. Trading volume dropped to €159,150, about 2.6 times lower than the previous week.
The Ministry of Finance reported that Montenegro ran a budget deficit of €73.3 million in the first eight months of the year, equivalent to 0.9 percent of estimated GDP. However, August recorded a budget surplus of €23.2 million, reflecting ongoing investment in development and capital projects.
Several stocks recorded gains: Autoboka rose 25 percent to €3, HG Budvanska Rivijera increased 12.5 percent to €9, Imak gained 3.1 percent to €1.65, and ŽICG grew nearly 20 percent to €0.0837. Some major companies, including Jugopetrol, CGES, and Crnogorski Telekom, remained stable.
EPCG announced it will continue offering deferred payment options for business customers, with up to 30 installments and flexible repayment plans.
The week was also marked by developments in the Crnogorski Telekom case. The Appeals Court upheld the acquittal of Miodrag Ivanović and Oleg Obradović in a corruption and abuse-of-office case. The government plans to pursue prosecution as a subsidiary plaintiff through the Protector of Property-Legal Interests. The Parliamentary Committee approved hearings of top prosecutors regarding the Telekom case.
Finally, Montenegro will issue its first citizen bonds in October, valued at €50 million, offering higher returns than bank deposits. Six banks will facilitate the process without fees, funded by the Ministry of Finance.
