The average net wage in Montenegro amounted to EUR 495 in Feb, down by 2.2% compared to the year-ago period, statistics office data showed. The annual drop decelerated slightly from 2.5%, registered in the previous month. Gross earnings declined to EUR 739 from EUR 754 in Jan. On an annual basis the drop in gross earnings stood at 2% in Feb. According to our calculations, the average net wage fell by 6.1% y/y in real terms, and the drop accelerated from January's 5.1% y/y. In the period Jan-Dec 2011, the average net wage in the country increased at a slower rate than inflation - by 1% y/y, compared to consumer prices for the period rising by 3.1% y/y. |
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more
Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more