Montenegrin hotel group Budvanska Rivijera posted EUR 417,796 net profit in 2011, down 35.7% y/y, Vijesti daily reported. The company's revenue dropped by 3.5% on the year to EUR 15.2mn in 2011. The shareholders will meet on February 29 to vote on the annual report. The government controls 58.7% of Budvanska Rivijera. The company is included in the government's privatisation programme for 2012. |
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