IMF may resume talks on precautionary deal with Montenegro - report.

By bne IntelliNews February 21, 2012
The IMF is expected to send a delegation to Montenegro soon, to resume talks on a precautionary agreement and VAT rate hike in the country, Vijesti daily reported, citing unnamed sources. The Fund has indicated during previous talks that the signing of such an agreement would be conditional on raising tax rates and lowering public sector salaries and pensions, the finance ministry explained. Montenegro has one of the lowest VAT rates in the region - 17%.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

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 reports increased budget revenue in Q1.

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 drops to 155.5% in Feb 2013.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335