Active companies in Montenegro on the rise in Q2.

By bne IntelliNews September 20, 2012
Totally 23,788 business entities were active in Montenegro in the second quarter of 2012, up by 11.6% q/q, the country's statistics office reported. Most of the enterprises were registered in the capital Podgorica (33.8% of the total number of enterprises), followed by the tourist destinations Budva (10.9%) and Bar (9.2%). The largest part of companies operated in wholesale and retail trade sector, repair of motor vehicles and motorcycles (40.5% of the total), accommodation and food service activities (10.8%) and construction (8.9%). The dominating type of companies were small, meeting two of the three criteria - employ less than 50 people, total annual income is less than EUR 10mn and/or total assets are below EUR 10mn.
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