Italian capital expected to flow into Montenegro's major investment projects.

By bne IntelliNews October 7, 2011
Italian investors have shown interest in doing business in Montenegro, the ministry of finance announced on its website after a meeting with Italian Ambassador Sergio Barbanti. Investors are interested in the projects linked to the reconstruction of the railway infrastructure, the country's main sea port, Port of Bar (Luka Bar), as well as possible participation in the construction of the Bar-Boljare motorway. Italian financial institutions, such as UniCredit Bank, that are already present in the region are also expected to open operations in the country, should the presence of Italian investors increase, the ministry noted.

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