| Montenegro's trade deficit expanded by 3.6% y/y to EUR 1,032.1mn in the first nine months of 2011, up from 2.3% y/y in January-August, according to the statistics office preliminary figures. It accounted for 31.5% of the projected year-end GDP, down from 32.1% reported in the same period last year. Imports rose by 11.2% y/y to EUR 1,363.6mn, while exports surged by 44.7% y/y to EUR 331.5mn. The major item imported remains food and livestock while the major export industry is the metal industry. The main exports destinations for the domestic producers were Hungary, Serbia and Greece while the major imports partners were Serbia, Greece and Bosnia and Herzegovina. |
In September alone, the trade deficit expanded by 13.3% y/y to EUR 130.2mn, after rising by revised 3.6% y/y in August. In monthly terms, however, the September gap narrowed marginally by 0.2%, sustaining the trend for a third month in a roll. The improvement was due to exports surging by 54.2% y/y, while imports increased more slowly - by 21.2% 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