|Assets of Niksic-based cold rolling mill Technosteel have been offered for sale again after the previous eight attempts failed, news agency MINA-Business informed. The price has been lowered to EUR 1.57mn, down by 10% as compared to the previous ask price. The deadline for submission of bids is December 2. The property, which is offered for sale, includes equipment, consumables, land and mortgaged facilities. Technosteel was declared bankrupt by the commercial court in Podgorica in June 2011. The bankruptcy proceedings were initiated by the plant's employees over unpaid claims. The company is owned by Russian-Swiss company Technosteel Trading.
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