The total value of potential Russian investments in Montenegro could reach up to EUR 0.5bn in 2010 as Russian businessmen consider the country an attractive place for investment, participants at the Montenegrin-Russian investment forum in Becici said. Russian investors appeared to be the most interested in construction and tourism but no particular projects were mentioned. Russian companies and businessmen invested a total of EUR 66mn in development projects in the country in 2009, which made Russia Montenegro's third-biggest investor for the year.
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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