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Tuesday, September 25, 2018

Business News

Business News

Better rating confirms the credibility of Government’s policy

Podgorica, (MINA-BUSINESS) – The Prime Minister, Dusko Markovic, has said that a change of Montenegro's credit rating from stable to positive confirms the credibility of the Government's economic policy. "We continue to implement fiscal measures, which will ensure further sustainable growth of Montenegro's economy and better standard of living for our citizens," Markovic posted on the Government's Twitter account. Markovic is...

Governments to invest more in tourism

Rovinj, (MINA-BUSINESS) – The Regional Cooperation Council (RCC) believes that the Western Balkan governments need to invest more in tourism and to work on amending legislation in order to eliminate barriers and create the climate that is more conducive to the development of this sector. The Communication Officer of the RCC’s Tourism Development and Promotion Project, Nikola Gaon, has said...

Nurkovic to publish economic analysis

Podgorica, (MINA-BUSINESS) – The Social Democrats (SD) have invited the Minister of Transport and Maritime Affairs, Osman Nurkovic, to allow the public and the Protector of Property and Legal Interests of Montenegro to access the economic analysis of alternative models for valorisation of the Airports of Montenegro. Responding to Nurkovic's allegations, this political party said that that the references to...

Djuranovic has no jurisdiction to give opinion

Podgorica, (MINA-BUSINESS) – The Protector of Property and Legal Interests of Montenegro, Dragana Djuranovic, has informed the Minister of Education, Damir Sehovic, and the Minister of Health, Kenan Hrapovic, that she has no jurisdiction to grant their request and provide an opinion on draft concession document and concession contracts for the airports.   Djuranovic informed Sahovic and Hrapovic that, according to...

Dollar exchange rate cannot interfere with stability of the banking system

Podgorica, (MINA-BUSINESS) – The Governor of the Central Bank (CBCG), Radoje Zugic, has said that the fluctuation of the dollar exchange rate cannot jeopardize the stability of the banking sector in Montenegro, given that the share of dollar loans in the overall lending is very low. At a Governors’ Club meeting with his counterparts from Asia, the Black Sea Region...

Djukanovic expects Government and unions to find a solution

Podgorica, (MINA-BUSINESS) – The President of Montenegro, Milo Djukanovic, expects that the Government and trade unions will come to an agreement on draft amendments to the Law on Pension and Disability Insurance and that there will be no need for any radical measures. “I am optimistic that a solution will be found between the line ministry and the Government on...

Public debt growth is a common problem in the region

Podgorica, (MINA-BUSINESS) – It was concluded at today's debate in Podgorica that all countries in the region have seen an increase in public debt because of their weak fiscal discipline and the absence of mid-term management plans, and that stimulation of private rather than public sector could spur development. According to Sanja Madzarevic Sujster of the World Bank, the growth...

Mandatory reserves amount to €250.9 million

Podgorica, (MINA-BUSINESS) – According to the figures released by the Central Bank of Montenegro (CBCG), the mandatory reserves of Montenegrin commercial banks amounted to €250.9 million at the end of August. Of this amount, 54.8 percent has been deposited in the country, and 45.2 percent on the CBCG’s accounts abroad. An average amount of the total deposits of banks, to which...

Part of property offered for sale again

Podgorica, (MINA-BUSINESS) – The Board of Directors of Vektra Boka has launched a public call for sale of part of the company’s immovable property at the reserve price of €13.73 million. The property includes the restaurant “Galeb” offered at the reserve price of €4.43 million, Milasinovica beach with land and a building at €2.63 million, and motel “Dubrava” at the...

Unemployment rate down by one percent

Podgorica, (MINA-BUSINESS) – There are nearly 40,100 unemployed people in Montenegro, one percent fewer than last week. According to a report by the Employment Office, the unemployment rate decreased from 17.48 to 17.28 percent. The highest unemployment rate, amounting to 32.7 percent, was recorded in July 2000, while the lowest one, at the level of 10.1 percent, was recorded in August...

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