22.5 C
Herceg Novi
Friday, July 26, 2024
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Montenegro’s new VAT proposal raises alarm among hotel operators

Montenegrin hoteliers are facing significant concerns as most have already sold their packages for the upcoming year, assuming a 7% VAT rate on accommodation....

ACG’s new executive director vows to boost Montenegro’s aviation appeal

Roko Tolić, the newly appointed executive director of the Airport of Montenegro (ACG), has pledged to enhance the country's aviation sector and reduce the...

Tax inspections uncover 240 violations and impose EUR 1.12 million in fines

Between May 1 and July 22, tax inspectors conducted 1,810 inspections of taxpayer compliance, uncovering irregularities in 240 cases. As a result, 330 misdemeanor...

EPCG and 13. jul – PlantaĹľe partner to boost renewable energy initiatives

Elektroprivreda Crne Gore (EPCG) and Podgorica's 13. jul - PlantaĹľe have signed a Memorandum of Understanding (MoU) to enhance their collaboration on renewable energy...

Two new solar power plants approved in Nikšić

The Environmental Protection Agency has granted approval to two more companies for the construction of solar power plants. These investments will take place in...
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Energy Costs for Manufacturing in Energy-Intensive Industries: A Competitive Factor for Nearshoring to Montenegro

The manufacturing sector, especially energy-intensive industries, constantly seeks ways to optimize operating costs for sustained viability and competitiveness. One crucial determinant of manufacturing cost...

Montenegro’s potential in relation to the EU Carbon Border Adjustment Mechanism (CBAM) and its suitability as a nearshoring hub for energy-intensive industries

Montenegro and the EU Carbon Border Adjustment Mechanism (CBAM): 1. Economic Implications: Montenegro's economy heavily relies on energy-intensive industries such as aluminum production, steel, and...

Exploring the Investment Potential of Eco-Tourism in Montenegro: A Year-Round Luxury Market for International Eco Visitors

Montenegro, with its stunning natural landscapes and commitment to sustainable development, presents significant investment potential in the field of eco-tourism. Elevatepr.me delves into the...
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Montenegro sees 12% increase in fixed asset investments to €919 million in 2023

Preliminary data from Monstat reveals that Montenegro's investments in fixed assets reached €919 million last year, reflecting a 12% increase from 2022. The data indicates...

Montenegro’s new VAT proposal raises alarm among hotel operators

Montenegrin hoteliers are facing significant concerns as most have already sold their packages for the upcoming year, assuming a 7% VAT rate on accommodation....

Montenegro’s business climate shows modest improvement, remains challenging

A recent survey by the Chamber of Commerce (PKCG) reveals that Montenegro’s overall business environment remains moderately unfavorable, showing little change from the previous...

Monteput issues tender for concept design of Bar–Ulcinj–Sukobin highway segment

Monteput has issued a tender for the development of a conceptual design for the Bar – Ulcinj – Sukobin section of the Adriatic-Ionian Highway. According...

FDI inflows in Montenegro up 9.66% in May, totaling €364.81 million

According to preliminary data from the Central Bank (CBCG), the total inflow of Foreign Direct Investments (FDI) reached €364.81 million by the end of...
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