The UN human development index (HDI) covering 187 countries this year has placed Montenegro on the 54th place in the ranking, down from 49th place in the 2010 index. Montenegro is eight positions after Croatia but is ahead of Serbia (59th), Albania (70th), Bosnia and Herzegovina (74th) from the countries in the region. Montenegro is ranked one place higher than the new EU member Bulgaria and is lagging four positions behind Romania. HDI is calculated as a weighted average of economic and social indicators. GDP per capita is the leading gauge on the side of the economic assessment while the social study is focused on quality of health and education. Montenegro gets higher score in social indicators as the non-income HDI value of 0.831 exceeds the overall HDI index of 0.771. |
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