Italian investors have shown interest in doing business in Montenegro, the ministry of finance announced on its website after a meeting with Italian Ambassador Sergio Barbanti. Investors are interested in the projects linked to the reconstruction of the railway infrastructure, the country's main sea port, Port of Bar (Luka Bar), as well as possible participation in the construction of the Bar-Boljare motorway. Italian financial institutions, such as UniCredit Bank, that are already present in the region are also expected to open operations in the country, should the presence of Italian investors increase, the ministry noted. |
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