Browsing: elevate

The acquisition and disposition of IPR are protected by the Law on the Enforcement of Intellectual Property Rights, which entered into force in 2006. The law…

The banking sector in Montenegro is fully privatized with 11 privately owned banks operating in the country. The banking sector operates under market terms. Foreign investors…

According to Central Bank of Montenegro, the banking sector remained solvent and liquid. Total bank assets amounted to EUR 5.33 billion at the end of 2021,…

During 2022, a constant increase in prices was observed. During the first eleven months of 2022, the average inflation rate was 12.7%. However, in November the…

In 2022, the economy of Montenegro records a relatively high rate of real GDP growth. In the first three quarters, real GDP was higher by 7.1%…

Budget revenues in the first three quarters were higher by 8.5% compared to the same period of the previous year, or 5.0% more compared to the…

Franchising The business climate is hospitable for the franchising business model in Montenegro. Various reports assess Montenegro as a growing market in the field of European…

Distribution & Sales Channels The Foreign Trade Law adopted in 2004 decreases barriers for doing business and executing foreign trade transactions in accordance with WTO agreements.…

In support of its successful efforts to gain accession to the World Trade Organization (WTO), Montenegro implemented significant trade policy reforms, bringing the country’s practices in…

Construction is one of Montenegro’s key economic growth sectors. It offers opportunities for companies in luxury properties, holiday real estate, administrative buildings, and trade outlets. The…