Budget revenues increased by 4.6% y/y to EUR 118mn in August, the finance ministry's press office informed. The improvement in revenue collection is a result of the ministry's active measures aimed at reducing the shadow economy, the statement informed. We note, however, that the increase in revenues in August has also a seasonal pattern related to the tourist season that brings higher tax revenues to the budget. The cumulative revenues for the first eight months of the year are at their projected levels, the ministry said. In H1, budget revenues were at 97.1% of the plan for the period. |
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