|Russian tycoon Oleg Deripaska is considering investing in Montenegro's power sector, newswire seebiz.eu reported. We note that the Russian En+ Group, controlled by Deripaska, acquired a majority stake in aluminium smelter KAP for EUR 48.5mn in 2005. KAP is the biggest electricity consumer in the country. According to the purchase agreement the government would subsidise the electricity price for the company by 2012. Deripaska took part in the competition for the Montenegrin thermo power plant Pljevlja in 2006-2007, but the deal, which was almost finalised was unexpectedly suspended by the government.
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