Montenegro may purchase two additional ships from China-report.

By bne IntelliNews January 11, 2012
Montenegro plans to purchase two additional ships from China, portalanalitika.me reported, citing unnamed sources. Currently, Montenegrin fleet consists of two ships, with a capacity of 35,000 each and suitable for transportation of bulk cargo. The ships are financed with a USD 47.4mn loan from the Export-Import Bank of China. The Montenegrin government has provided guarantees on the 15-year loan, which has a five-year grace period and 3% interest rate. The purchase of the ships is expected to begin the process of renovation of Montenegro's fleet and to boost the country's trade.

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
Dismiss