Export prices of industrial products fell by 7.1% y/y in August, due to lower prices of basic metals, metal ores and food products, in particular, statistics office data showed. Prices of energy and capital goods for export stayed the same as a year earlier. Prices of intermediate goods (excluding energy) dropped by 9.2% y/y while the prices of non-durable consumer goods rose by 7.7% y/y. In Jan-Aug, the cumulative price decline of exported industrial products reached 6.9% y/y. The prices of industrial products imported in Montenegro increased by 2.3% y/y in August, mainly due to more expensive other machinery and equipment, coke and refined petroleum products and other non-metal mineral products. In Jan-Aug, the prices of imported industrial products rose by 1.7% y/y. |
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