Second-largest local insurer Sava Montenegro increased its share capital by 19.4% to EUR 6.2mn, the company said in a statement to the Montenegro Stock Exchange. Slovenian Sava Insurance bought Sava Montenegro for EUR 15mn at end-2007. Sava Montenegro has a market share of 17.9% as of end-October, according to data from the Insurance Supervision Agency. Lovcen Osiguranje is the market leader, controlling almost half of the market. Eleven insurance companies operate in Montenegro. |
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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