Montenegro to allocate EUR 2.8mn for active employment measures in 2013.

By bne IntelliNews January 16, 2013
The government will allocate EUR 2.8mn from 2013 budget for measures promoting employment in the country, Danka Cetkovic from the Montenegrin employment agency was quoted as saying by Pobjeda daily. The amount is almost two times lower than last year's. Active employment measures aim at increasing the qualifications of job seekers, reducing labour market mismatches and thus long-term unemployment. In 2012, only 819 persons participated in training and education programmes organised by the Montenegrin employment agency versus 1,770 persons in 2011, Cetkovic said, adding that the agency's total budget for this year declined by 13% to EUR 19.5mn. According to the latest labour force survey, the unemployment rate in Montenegro stood at 18.8% in Q3 2012, slightly improving compared to the previous quarter (20%). However, long-term unemployment increased significantly, as 72.4% of job seekers were unemployed for over two years versus 60.8% in Q2 2012.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

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 reports increased budget revenue in Q1.

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 drops to 155.5% in Feb 2013.

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