Montenegro Country Report - November, 2016

December 14, 2016

This report covers the main macroeconomic releases from November 1 until November 30, 2016 as well as the financial and political events that took place in Montenegro during this period.
The European Commission said on November 9 that Montenegro has made good progress on its EU path and the pace of accession negotiations will continue to be determined by tangible results, especially on fighting corruption and organised crime.
Montenegro’s parliament approved a new government, led by Prime Minister Dusko Markovic, one of the most loyal allies of Democratic Party of Socialists (DPS) leader Milo Djukanovic, on November 28.
Montenegro’s special prosecution has extended an ongoing investigation into an alleged coup attempt, including in the list of suspects two Russians connected to the opposition Democratic Front (DF).
Montenegro’s opposition Democratic Front (DF) plans to call a new round of anti-government protests in December, aiming to provoke the appointment of an interim government and a new general election.
Montenegro’s central bank will recommend to the government to finance current public spending only from current revenues, and make cuts to "irrational spending" where this can be done without threatening the living standard of the population or the economic growth.

Key points:
• Consumer prices increased by 0.2% y/y in October, ending a seven-month declining streak
• The working-day adjusted industrial production swung to a 13.3% y/y fall in October
• The foreign trade gap widened by 13.1% y/y to €1.29bn in the first ten months of 2016


To Purchase This Report - Click Here

Related Reports

Russia Country Report Sep18 - September, 2018

Just the threat of new “crushing” US sanctions that may be adopted in the autumn is already hurting the Russian economy in August. The Ministry of Economic development has already revised the ... more

Iran Country Report Sep18 - September, 2018

Iran’s economy expanded by 3.7% during the 2017-2018 Persian calendar year (ended March 20), according to a report released by the Central Bank of Iran (CBI) on June 16. Further revisions of ... more

Belarus Country Report Sep18 - September, 2018

Belarus' economic growth was higher than expected in the first half of this year topping 4.5%, which is almost twice the 2.8% forecast at the start of the year. The government is using the windfall ... more

Dismiss