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
Montenegro citizenship by investment: 5 Things to know
Montenegro citizenship by investment is a program that allows people to obtain citizenship in the country with a significant financial investment in the country. This can include investing in real est
Montenegro economy briefing: Increased indebtedness of Montenegro
Abstract In March, Montenegro borrowed EUR 100 million from Deutsche Bank. Compared to previous borrowings, this borrowing is significantly less favourable, taking into account the very high variable
Montenegro economy briefing: Increased indebtedness of Montenegro
Abstract In March, Montenegro borrowed EUR 100 million from Deutsche Bank. Compared to previous borrowings, this borrowing is significantly less favourable, taking into account the very high variable
Montenegro, Labor Policies and Practices
Montenegro’s total labor force consists of approximately 250,000 people with almost 50,000 workers, or close to 20 percent of the labor pool, employed in the public sector. The unemployment rate was 2