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Montenegro to refinance existing debts with loans from the Arab Emirates

By   /  30/04/2015  /  Finance, Headlines, ME Finance, Montenegro  /  Comments Off on Montenegro to refinance existing debts with loans from the Arab Emirates

Podgorica, April 30, 2015/ Independent Balkan News Agency By Adnan Prekic The deficit in the state budget of Montenegrin Government over the past years has been funded by borrowing on international financial markets. During the next year, Montenegro will have to pay almost 400 million in loans. Montenegrin Minister of Finance Radoje Zugic, announced the […]

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Recovery of the industrial production in Montenegro

By   /  27/04/2015  /  Business, Finance, Headlines, ME Business, ME Finance, Montenegro  /  Comments Off on Recovery of the industrial production in Montenegro

Podgorica, April 27, 2015/ Independent Balkan News Agency By Adnan Prekic The recovery of production in the aluminum industry and good results in the production of electrical energy affected the strong growth of the Montenegrin economy during 2015. In the January to March period, the total industrial production grew by 7 percent compared to the […]

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Montenegrin Govt introduces new fuel excise tax

By   /  21/04/2015  /  Energy, Finance, Headlines, ME Energy, ME Finance, Montenegro  /  Comments Off on Montenegrin Govt introduces new fuel excise tax

Podgorica, April 21, 2015/ Independent Balkan News Agency By Adnan Prekic Citizens of Montenegro will be paying seven euro cents more for each liter of fuel starting midnight tonight. The Montenegrin government attributed the introduction of new excise taxes to the reduction oil prices on global markets. The government expects to collect approximately 9 million […]

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Turkish Ziraat Bank receives permission to open a branch office in Montenegro

By   /  07/04/2015  /  Business, Finance, Headlines, ME Business, ME Finance, Montenegro  /  Comments Off on Turkish Ziraat Bank receives permission to open a branch office in Montenegro

Podgorica, April 7, 2015/ Independent Balkan News Agency By Adnan Prekic The Council of Montenegrin Central Bank has issued a license to turkish ‘Ziraat Bank’ to operate in Montenegro. Ziraat Bank applied for permission in December 2014 and it is expected that the Turkish lender will begin opening its branches in the coming months. The […]

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Public debt of Montenegro is still below the Maastricht Criteria

By   /  03/04/2015  /  Finance, Headlines, ME Finance, Montenegro  /  Comments Off on Public debt of Montenegro is still below the Maastricht Criteria

Podgorica, April 2, 2015/ Independent Balkan News Agency By Adnan Prekic The public debt of Montenegro still remains below 60% of the Gross Domestic Product, which is still in the so-called Maastricht Criteria prescribed by the European Union. After last year when the government paid for guarantees in the amount of 100 million euros for […]

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Montenegrin government announces tax reduction

By   /  27/03/2015  /  Finance, Headlines, ME Finance, Montenegro  /  Comments Off on Montenegrin government announces tax reduction

Podgorica, March 27, 2015/ Independent Balkan News Agency By Adnan Prekic One of the major advantages of the Montenegrin economy in the international market has for a long time now been the generous tax regime. Foreign investors who invested in Montenegro could expect favorable taxes and many other benefits. But, economic crisis, beyond 2009, have […]

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Trade Unions demand the reform of the Montenegrin pension system

By   /  26/03/2015  /  Finance, Headlines, ME Finance, ME Social, Montenegro, Social  /  Comments Off on Trade Unions demand the reform of the Montenegrin pension system

Podgorica, March 26, 2015/ Independent Balkan News Agency By Adnan Prekic The reform of the Montenegrin pension system takes longer than ten years. Although pensions have been paid regularly and is one of the largest in the region, still, nobody is satisfied with the current situation. Trade unions are dissatisfied with higher retirement ages and […]

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Government of Montenegro issue five-year bonds worth 500 million euros

By   /  16/03/2015  /  Finance, Headlines, ME Finance, Montenegro  /  Comments Off on Government of Montenegro issue five-year bonds worth 500 million euros

Podgorica, March 16, 2015/ Independent Balkan News Agency By Adnan Prekic In order to provide liquidity for the purpose of rescheduling a binding obligation and cover the budget deficit, Montenegrin government borrowed 500 million euros. This borrowing was planned for this year’s budget. The borrowing is done through the issuance of bonds that will be […]

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Montenegrin imports five times bigger than exports

By   /  23/02/2015  /  Business, Finance, Headlines, Kosovo, ME Business, ME Finance, Montenegro, RS Business, RS Finance, Serbia, XK Business, XK Finance  /  Comments Off on Montenegrin imports five times bigger than exports

Podgorica, February 23, 2015/ Independent Balkan News Agency By Adnan Prekic Montenegrin’s foreign trade in the previous year amounted to over 2.1 billion euros. This by 1.3% percent less than in 2013. The foreign trade balance of Montenegro is still extremely negative. In the previous year, imports of goods in Montenegro were five times bigger […]

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EC: Sustainability of public finance and funding of the highway – key economic challenges of Montenegro in 2015

By   /  17/02/2015  /  Business, Finance, Headlines, ME Business, ME Finance, Montenegro  /  Comments Off on EC: Sustainability of public finance and funding of the highway – key economic challenges of Montenegro in 2015

Podgorica, February 17, 2015/ Indeendent Balkan News Agency By Adnan Prekic Key economic challenges of 2015 in terms of sustainability of public finance will be the issue of Eurobonds and funding of the highway, underlines the European Commission’s Winter Forecast report. The European Commission notes that Montenegro had a mild recovery in 2014, following a […]

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