Montenegro
wiiw slashes Emerging Europe growth forecasts for 2022 and 2023
Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.
Montenegro’s government in crisis as deputy PM's party files no confidence motion
The government had been in a state of crisis for months as the divisions between its members — ranging from pro-EU to far-right and pro-Russian — became harder to bridge.
Omicron brings COVID-19 infections to new peaks across SEE
New records announced daily in several countries, but most governments are reluctant to introduce new restrictions.
PPF still has the deal-making mojo after death of founder Petr Kellner
New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.
Heavy EU spending failed to improve rule of law in Western Balkans
Over €700mn spent to little effect in candidate and prospective candidate countries, finds European Court of Auditors.
OUTLOOK: 2022 Montenegro
Tourism rebound supports gradual recovery from emerging Europe's worst corona-recession.
Spread of Omicron pushes coronavirus infections to all-time highs in parts of Southeast Europe
Albania and Croatia reported record numbers of COVID-19 infections while other countries are close to records set in previous waves of the pandemic.
New COVID-19 wave looms in under-vaccinated Southeast Europe
Soon after Southeast Europe emerged from the autumn wave of the pandemic, cases are already rising again as the Omicron variant spreads in the region.
Montenegro’s biggest industrial producer KAP shuts down after energy price hike
Rising electricity prices make aluminium smelter's production uneconomic and its owner was unable to reach an agreement with power company EPCG.
CEE banking: As good as it gets in (post-) crisis times and the challenging geopolitical environment
Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.
Montenegro’s economy posts strong 25.8% y/y growth in 3Q21
Montenegro's economy is now recovering from the deepest contraction across emerging Europe last year.
Back to rail at the start of the Western Balkans’ green transition
The Western Balkans states are looking anew at long-neglected rail networks as they embark on the green transition. The EIB’s Matteo Rivellini outlines efforts to develop rail in the region.
Montenegro to probe wind farm deal linked to murdered Maltese journalist
Offshore company investigated by Caruana Galizia prior to her murder was reportedly involved in the Mozura wing park deal.
Montenegro’s biggest industrial plant KAP to halt production amid surging electricity prices
Montenegrin power company EPCG plans to hike the price it charges for electricity from January in line with rising prices on international markets.
Albanians and Montenegrins the least likely to shop online in Europe
Internet use and e-commerce are increasing in the Western Balkans but residents of the region are still less likely than their counterparts in the EU to make online purchases.
45.6% of Montenegrins think their country is going in the wrong direction
Just 31.9% of respondents said Montenegro is going in a good direction as many complained the government's priorities do not align with those of the population.
Montenegro’s dysfunctional ruling coalition limps on
Keeping President Djukanovic’s DPS out of power has proved a strong glue holding the coalition together, but rifts among its members have stalled Montenegro’s progress towards EU accession.
Central and Southeast European economies remain fragile, says Vienna Initiative of banks
Banks may be tested by the withdrawal of government help to companies, particularly as infection rates begin to soar again.
Montenegro probes allegations of President Djukanovic’s involvement in money-laundering ring
Djukanovic denied claim by Albanian oil businessman Rezart Taci that he had participated in an international money laundering scheme.
Ministry reveals Montenegro massively overspent on motorway project that ramped up country’s debt
Two feasibility studies published by the capital investment ministry indicate Montenegro’s previous government borrowed at least $140mn more than the first priority stretch of the Bar-Boljare motorway should have cost.
