The European Bank for Reconstruction and Development (EBRD)said the Montenegrin economy will contract by 0.6% this year, revising down its previous forecast of 0.1%. However, the bank improved its 2011 expectations, saying the GDP growth is expected to reach 2.5%. Earlier the EBRD said the Montenegrin economy will grow by 2.0% in 2011. We note that the government targets a 0.5% GDP growth in 2010. |
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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