The World Bank mission, which left Montenegro on Friday, February 10, expressed positive opinion concerning the financial sector in the country and emphasized the need for prudent fiscal policy in view of the eurozone crisis, the press office of the finance ministry informed. Montenegro has recorded positive developments in its banking sector, particularly in terms of reduction of overdue loans and increased focus of banks on small and medium enterprises. The World Bank representatives announced the preparation of a study on Montenegro that aims at researching the country's prospects and investment climate. |
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