Montenegro's trade deficit expanded by 1.9% y/y to EUR 769.9mn in the first seven months of 2011, according to the statistics office preliminary figures. It accounted for 24.1% of the projected year-end GDP down from 25% reported in the same period last year. Imports rose by 9.7% y/y to EUR 1,017mn, while exports surged by 44% y/y to EUR 247.4mn. The major item imported remains food and livestock while the major export industry is the metal industry. The main exports destination for the domestic producers was the EU while the major imports partners were Serbia, Greece and Bosnia and Herzegovina. In July alone, the trade deficit shrank by 1.9% y/y to EUR 140.4mn, down from the 5.1% annual increase reported in June. The improvement was due to exports rising by 14.7% y/, while imports increased marginally by 0.9% 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