A consortium of Eurofast, Raiffeisen Investment and Babic & Associates won the privatisation advisor tender for Montenegro Airlines, Eurofast said in a statement on its website. The consortium will provide preliminary market assessment and privatisation promotion activities, due diligence, preparation of the tender and other documentation, as well as initiation and support to tender procedure. The Montenegrin privatisation agency called in end-September a tender for the sale of 30% of the flag carrier with the deadline for the bids being set for December 15. |
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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