Montenegro, known for its natural beauty and rich resources, is now embracing the power of the sun to drive its energy transition. With an abundance of sunshine throughout the year, Montenegro holds i
Outsourcing Business Services to Montenegro
Montenegro, a small country nestled in the Balkan region, is quickly emerging as a preferred destination for outsourcing business services. With its strategic location, highly skilled workforce, favor
Promoting Energy Projects Development
Montenegro, a small but ambitious Balkan country, is making significant strides in the development of energy projects. With a strong commitment to diversifying its energy mix, increasing renewable ene
Exploring the Advantages of Doing Business in Montenegro
Montenegro, a small Balkan country nestled along the Adriatic coast, has gained attention as an attractive destination for business and investments. With its stunning natural beauty, strategic locatio
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
Brdo-Brioni Summit – The way to speed up the EU integration
At the beginning of September 2023, the Brdo-Brioni Process Summit was held in Skopje, North Macedonia, which brought together the leaders of the countries of the Western Balkan region, as well as the
Trends in public finances and budget rebalancing
In the first quarter, the growth rates of both total revenues and total expenses were recorded. However, due to higher revenue growth, a budget surplus of EUR 65.8 million was achieved. The growth of
Fall of foreign investments in the first quarter
The total inflow of foreign direct investments at the end of March amounted to EUR 209.41 million, a decrease of 15.33% compared to the same period last year, according to preliminary data from the Ce
Montenegro economy briefing: Wage growth in the public sector and other labour market issues
Abstract During the first three months of 2023, favourable trends were recorded on the labour market. Earnings recorded a growth of slightly more than 10% in comparison with the same period in 2022. T