The President of the Chamber of Economy of Montenegro, Dr. Nina Drakić, opened the Montenegro 2025 Economic Conference in Budva under the theme “Regional Economies in Today’s Challenges”, emphasizing
Montenegro records highest inflation since May 2024, outpacing most EU countries
Montenegro is experiencing its highest annual inflation since May 2024, according to Boris Mugoša, head of the SD parliamentary club and European Union representative. Data from MONSTAT for September
Economy in focus: Montenegro
Montenegro’s economy is overly reliant on tourism and foreign-born workers. Home to just over 600,000 people, stunning mountains, and perhaps the most beautiful stretch of Adriatic coastline, Monteneg
Price and GDP growth
One of the trends that marked the previous period is the rise in prices. Inflation (measured by the consumer price index – CPI) increased by 10.1% in the first eight months of 2023 compared to the sam
Montenegro, 2022 business environment, Very high inflation rate
During 2022, a constant increase in prices was observed. During the first eleven months of 2022, the average inflation rate was 12.7%. However, in November the inflation rate was at the level of 17.5%
Montenegro, Recent Economic Developments, Inflation
The inflationary developments in 2021 are under impact of an increase in aggregate demand, bottlenecks in global supply chains, and basic commodities prices trends in the global market, primarily of t
Montenegro, Recent Economic Developments, Lending Activity of Banks
The banking sector of Montenegro made a strong contribution to the Montenegrin economy rebound, which was heavily affected by the COVID-19 pandemic in 2020. The banking system in Montenegro maintained