Montenegro's economy is still showing no signs of robust recovery while risks arising from both the domestic and international environment remain, the Financial stability council (FSC) said in a statement following its regular meeting. According to the FSC, the main near-term priorities are restructuring the country's public debt, ensuring the current account sustainability, continuation of the corporate debt restructuring and solving the problem with non-performing loans. The Financial stability council (FSC) was established in 2010 with a view of identifying, and mitigating potential systemic risks in Montenegro's financial system as a whole. The FSC is chaired by the c-bank governor and holds meetings at least four times per year. |
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