British company Sea Energy will continue exploring for oil and gas in the Montenegrin undersea, since the initial studies have shown that there possibly are commercial reserves. The company intends to open two boreholes in 2012 near Prevlaka, the companys president Steve Rempa said. Sea Energy is interested in the domestic energy sector overall, including wind power production. |
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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