The European Fund for Southeast Europe (EFSE) has extended a EUR 5mn loan to mid-sized lender NLB Montenegrobanka, EFSE announced. The funds are intended to support the SME sector in the country. This is already the fourth loan, which the local lender receives from EFSE. NLB Montenegrobanka is the fourth-largest commercial bank in the country in terms of assets. The lender saw a 38.8% y/y contraction of its net profit to EUR 1.4mn in 2009. It is majority-controlled by Slovenian lender NLB. |
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