The European Bank for Reconstruction and Development (EBRD) will provide some EUR 102.2mn to finance four projects in Montenegro, Dan daily said citing unnamed sources from the international financial institution. The daily's report says that the bank approved a EUR 37mn loan to local Adriatic Properties to finance the reconstruction of hotel complex Sveti Stefan. Another EUR 35mn loan will be extended to power utility Elektroprivreda Crne Gore (EPCG) for the purchase of 69,000 electricity meters. The Deposits Protection Fund will receive a EUR 30mn financing to increase the level of guaranteed deposits and railway company Prevoz will get some EUR 0.2mn to finance the purchase of equipment. |
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