The International Monetary Fund (IMF) has revised up its forecast for Montenegro's gross domestic product saying it expects the company's economy to grow by 0.3% this year and expand by 3.0% in 2011, the head of IMF mission to Montenegro, Gerwin Bell, said. Earlier in November, Bell said the country's economy will most likely shrink by 0.5% in 2010, compared to a previous projection for a 1.8% contraction. Montenegro's GDP contracted by 5.7% in 2009, following a 6.9% expansion in 2008. |
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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