The manufacturer of pyrotechnical aviation cartridges, Tara aerospace and defence products, posted a EUR 0.16mn loss in the first half of the year, as compared to EUR 0.021mn loss in H1 2011, according to the financial results published on the website of the stock exchange. Operating revenues dropped by 60.3% y/y to EUR 0.19mn in H1 due to 59.8% y/y decrease in sales revenues. Operating expenditures declined by 29.8% y/y to EUR 0.34mn. The company was privatised in 2007 by Switzerland's BT International, which is now one of the main shareholders with a 31.9% stake. Montenegro's government has retained a 34.8% stake in the company. |
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
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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