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Industrial product prices in Montenegro see modest increase in Q3 2024

Industrial product prices from imports in Montenegro increased by 0.2% in the third quarter compared to the same period last year, according to data...

Groundbreaking ceremony for Gvozd wind farm to begin construction of 54.6 MW facility

A ceremonial ground-breaking for the Gvozd Wind Farm (VE Gvozd) will take place on Wednesday, according to a statement from Elektroprivreda (EPCG). The cornerstone will...

Foreign company branches in Montenegro rise by 166, generating €2.57 billion in revenue

In Montenegro, there were a total of 851 branches of foreign companies last year, according to data from Monstat. This marks an increase of 166...

Montenegro’s 2025 budget proposal: Focus on economic growth, public welfare and fiscal stability

Prime Minister Milojko Spajić and Finance Minister Novica Vuković are set to present Montenegro's proposed budget for 2025, which outlines key fiscal measures aimed...

Montenegro prepares for winter season amid snow shortage and skiing challenges

Montenegro welcomed its first snow of the season on Thursday, but it remains uncertain whether there will be enough snow to sustain skiing throughout...

Real estate luxury hotel investments in northern Montenegro and their impact on the country’s economy and attractiveness

In recent years, luxury hotel investments in northern Montenegro have become a significant part of the country’s economic development strategy. These investments, particularly in mountainous regions such as Durmitor and Bjelasica,...

Montenegro as a hub for EU supply chains: Key sectors, talent pool and remote business operations

Montenegro’s strategic location on the Adriatic coast, combined with its competitive labor costs, growing talent pool and improving infrastructure, offers significant potential for becoming...

R&D and resource center development in Montenegro: Creating a regional resource hub for the EU from Adriatic coast hubs

Montenegro is gradually positioning itself as a regional hub for research and development (R&D), with a growing focus on technology, innovation and strategic resources...
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Herceg Novi opens tender for equipment and finalization of new bus station in Igalo

The Municipality of Herceg Novi has announced a tender for the equipment of the main bus station currently under construction in Igalo. The total...

Montenegro’s economic growth slows in 2024, EU warns of fiscal risks and inflation pressure

Economic growth in Montenegro continued in the first half of 2024, but at a slower pace, driven primarily by private consumption and a recovery...

Montenegro’s economic citizenship program: A catalyst for investment and regional development

Montenegro's economic citizenship program has proven to be a significant driver of economic development, with its potential extension offering the possibility of billions of...

Austrian companies in Montenegro contribute to economic growth and EU integration

Austrian companies operating in Montenegro are an exemplary model of management and entrepreneurship, serving as an additional force for the country's economic development, according...

Montenegro considers relaunching economic citizenship program to boost investment and economic growth

Montenegro is considering the revival of its economic citizenship program, a move that experts believe could provide significant economic benefits. The recent ruling by...
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