The World Bank (WB) estimated that Montenegro's economy will grow by a real 0.5% in 2012, according to the latest Global Economic Prospects report. The projection was lowered from 1.5% in the Global Economic Prospects 2012 report, released in January. In 2013 and 2014, growth in Montenegro will accelerate to 1.5% and 3%, respectively, the institution projects. The current account deficit is estimated at 16.9% of GDP in 2012 and will further decline to 15.7% and 13.7% of GDP in 2013 and 2014, respectively. In the final draft of its latest macroeconomic projection, following the budget revision, Montenegro's government also expects real growth of 0.5% in 2012. Economic growth will accelerate to 1.5% in 2013 and further to 3.5% in 2014, according to the government. |
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