Montenegro received 4.7% lower VAT revenues than planned in the first ten months of the year, portalanalitika.me informed, quoting the finance ministry as saying. In October alone, VAT revenues were 9.5% higher than the planned for the month and the ministry expects that VAT inflows will advance and meet projections by the end of the year. Montenegro's budget revenues reached EUR 98.3mn in October, up by 8.3% y/y and exceeding the plan by 1%. The strong result during the month contributed to acceleration of cumulative budget revenues and compensated for the weak first quarter performance. Collected revenues in Jan-Oct however remained at their year-ago levels. |
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