Montenegro slips in economic freedom ranking.

By bne IntelliNews January 13, 2011
Montenegro was rated 76th in a ranking by the U.S.-based Heritage Foundation, with a score of 62.5 points, down by 1.1 points, the 2011 Index of Economic Freedom report showed. Montenegro ranks 34th out of 43 countries in Europe and its overall score is above the world average. The country score decreased from last year primarily because of the explosive growth of government spending. The report praised Montenegro efforts to improve its trade regime and to make more efficient the regulatory and legal frameworks governing investment and production. Montenegros economic freedom, however, is still curtailed by the lack of institutional commitment to the strong protection of property rights or an effective fight against corruption. The court system remains vulnerable to political interference and inefficiency. In regional comparison, the country performs better than Croatia on 82nd place (61.1pts), Serbia (101st, 58pts), and Bosnia and Herzegovina (104th, 57.5pts), but lags behind Macedonia (55th, 66pts) and Albania (70th, 64pts).

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

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 reports increased budget revenue in Q1.

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 drops to 155.5% in Feb 2013.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss