Montenegro Country Report - February, 2016

March 17, 2016

This report covers the key macroeconomic and financial releases as well as the political events from Montenegro for the period of February 6-March 5, 2016.
Nato’s secretary general Jens Stoltenberg said that Montenegro should continue making reforms, focusing on corruption and rule of law, in order to join the alliance. Nato launched on February 15 two-day accession talks with Montenegro after inviting the country to join the alliance in early December.
Montenegrin political parties failed to reach an acceptable consensus on the participation of the opposition in the government as the Prime Minister, Milo Djukanovic, refused the requests for more control over the state broadcaster RTCG and the parliamentary leadership. The European Union has called on the political leaders to resume the talks.
Montenegro’s government has decided to introduce property confiscation in cases of unpaid taxes.


Key points:

• The budget deficit shrank 5.9% y/y to 21.3mn in January
• The number of foreign tourists visiting Montenegro increased by 4.3% y/y to 14,701 in January
• Industrial output declined 12.3% y/y in January

To Purchase This Report - Click Here

Related Reports

Iran Country Report Jul18 - July , 2018

Iran’s real GDP growth came in at 4.3% in 2017, according to the World Economic Outlook issued by the International Monetary Fund (IMF) on April 17. Nonetheless, this figure is a shortfall from the ... more

Ukraine Country Report Jul18 - July , 2018

Ukraine’s economy pick up a little in first quarter of this year, growing by 3.1% y/y, but while the situation is improved, partly thanks to strong metal exports, the economic growth is not ... more

Belarus Country Report Jul18 - July , 2018

The Belarusian economy was recovering nicely in the first quarter of this year, thanks to the revival in neighbouring Russia and more benign external conditions in general. Impressively Belarus' ... more

Dismiss