The Montenegro Stock Exchange saw a modest increase in its index this week, coinciding with the World Bank’s announcement that Montenegro’s economy is expected to grow by 3.5% next year.
The MNSE10 index, which tracks the top ten companies on the exchange, rose slightly to 1,080.86 points, while the MONEX index reached 16,295.45 points. However, trade volume plummeted to €32,450, a staggering 5.4 times lower than the previous week.
In its latest Regular Economic Report for the Western Balkans, the World Bank indicated a 0.7 percentage point increase in its growth forecast for Montenegro. This year, the Montenegrin economy is expected to grow by 3.4%, consistent with the spring forecast, while a growth rate of 3.2% is anticipated for 2026, 0.2 percentage points higher than previously projected.
Among the stocks, Port of Adria saw a significant increase of 14.6% to €0.22, followed by Marine Bar, which rose by 11.1% to €2.80, and Jugopetrol, up 2.2% to €13.80. In contrast, shares of Luka Bar fell by 7% to €0.251, while those of the Montenegrin Transmission System (CGES) decreased by 1.4% to €1.41. Trend shares weakened by 20% to €0.048.
This week, Elektroprivreda (EPCG) approved a public call for the construction of the Krupac – Slano tunnel, as part of a project to manage the waters of Nikšić field. The decision focuses on connecting Krupac and Slano lakes.
Additionally, the parliamentary Committee on Economy, Finance, and Budget held a hearing on the financial condition and operations of the Montenegrin Electricity Distribution System (CEDIS), following negative findings from the State Audit Institution (DRI) regarding its 2022 financial report. While DRI cited material evidence for its negative assessments, CEDIS argued that the findings do not reflect the company’s true status.
Moreover, Monstat reported that consumer prices, as measured by the consumer price index, rose by an average of 1% in September compared to the same period last year. However, prices decreased by an average of 0.4% from August to September. The report noted that the largest contributors to the monthly decline included falling prices in categories such as milk, cheese, and eggs, fuel and lubricants for vehicles, fruits, and accommodation services.
