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Effective communication strategies for engineering in industrial and energy sectors

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Engineering communication, especially within industrial and energy companies, plays...

Transitioning investments from planning to commissioning with Owner’s Engineer supervision

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Engineering energy finance is a complex field that encompasses...

Strategic engineering communication and public relations for industrial companies

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Engineering communications and public relations (PR) for industrial companies...

Favorable business landscape in Montenegro, corporate tax incentives and unique personal income levies

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Montenegro's business landscape is notably favorable for entrepreneurs and...

MontenegroBusiness News

Leading Montenegro focused online magazine with dedicated information hub & relay , covering current affairs, business and other related news. Read in over 70 countries.

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Financial

Montenegro’s gambling revenue soars, reaching €18 million in seven months

Montenegro's revenue from gambling and games of chance reached...

Unemployment in Montenegro drops to 32,600 at end of August

At the end of August, Montenegro had 32,600 unemployed...

New legislation introduces changes in taxes and excise duties

Montenegro's Parliament has approved a new set of economic...

EPCG secures €40 million loan for HPP “Perućica” upgrade

EPCG (Electric Power Company of Montenegro) and the German...

Customs Administration reports significant revenue growth for January-August 2024

The Customs Administration has reported substantial growth in revenue...
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Latest News

Montenegro’s gambling revenue soars, reaching €18 million in seven months

Montenegro's revenue from gambling and games of chance reached approximately €18 million in the first seven months of the year, representing an 80% increase...

Unemployment in Montenegro drops to 32,600 at end of August

At the end of August, Montenegro had 32,600 unemployed individuals, a 3% decrease from July, according to data from the Employment Agency (ZZZ). The...

Karisma Hotels & Resorts unveils luxury “Porta Rai” project in Ulcinj

The luxury beachfront hotel-residential complex "Porta Rai", being developed in Ulcinj, was officially unveiled in Podgorica this evening. The event was attended by numerous...

New legislation introduces changes in taxes and excise duties

Montenegro's Parliament has approved a new set of economic laws, effective September 1. Key changes include reducing pension contributions for both employers and employees,...

EPCG secures €40 million loan for HPP “Perućica” upgrade

EPCG (Electric Power Company of Montenegro) and the German Development Bank (KfW) have finalized a €40 million loan agreement to finance the installation of...

Montenegro sees 4% increase in tourist arrivals and record revenue in summer 2024

In Montenegro, unofficial data provided to the National Tourism Organization (NTO) by local sources show that on August 5, 2024, there were 100,000 visitors,...

Customs Administration reports significant revenue growth for January-August 2024

The Customs Administration has reported substantial growth in revenue collection for the period from January 1 to August 31, 2024, contributing to an increase...

Montenegro and UK highlight opportunities for enhanced maritime cooperation and infrastructure investment

The cooperation between Montenegro and the United Kingdom is currently positive but could benefit from further strengthening, according to a statement released after a...
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Companies

EPCG secures €40 million loan for HPP “Perućica” upgrade

EPCG (Electric Power Company of Montenegro) and the German...

HPP Perućica to begin filling supply channels, expected to resume operation soon

Elektroprivreda (EPCG) announced that the filling of the supply...

Montenegro Stock Exchange reports August trading volume decrease but annual growth

In August, the total trading volume on the Montenegro...

EPCG adopts battery energy storage systems project to enhance sustainability and efficiency

The Board of Directors of Elektroprivreda Crne Gore (EPCG)...

Montenegro Stock Exchange sees mild growth amidst S&P credit rating upgrade

This week on the Montenegro Stock Exchange, marked by...
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Specials

Exploring Key Products and Equipment for Renewable Energy: Montenegro’s Manufacturing and Assembly Potential

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Montenegro's emerging industrial sector, combined with its strategic location,...

Montenegro carbon offset, emissions and investment opportunities

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In Montenegro, a country with rich natural resources and...

Strategic Development of a Mechanical Engineering R&D Center in Montenegro for the Shipping Industry with Integrated Maintenance Services

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Establishing a Mechanical Engineering Research and Development (R&D) Center...

Harnessing the Potential: China’s Renewable Energy Technology Exports to Europe via Montenegro

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Montenegro, situated at a strategic crossroads between China and...

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Business Environment

Energy Costs for Manufacturing in Energy-Intensive Industries: A Competitive Factor for Nearshoring to Montenegro

The manufacturing sector, especially energy-intensive industries, constantly seeks ways to optimize operating costs for sustained viability and competitiveness. One crucial determinant of manufacturing cost...

Montenegro’s potential in relation to the EU Carbon Border Adjustment Mechanism (CBAM) and its suitability as a nearshoring hub for energy-intensive industries

Montenegro and the EU Carbon Border Adjustment Mechanism (CBAM): 1. Economic Implications: Montenegro's economy heavily relies on energy-intensive industries such as aluminum production, steel, and...

Exploring the Investment Potential of Eco-Tourism in Montenegro: A Year-Round Luxury Market for International Eco Visitors

Montenegro, with its stunning natural landscapes and commitment to sustainable development, presents significant investment potential in the field of eco-tourism. Elevatepr.me delves into the...

Competitiveness of Montenegro Sea Ports for EU Market Entrance of International Companies, opportunities for new business services set up

Montenegro, a small country located in Southeast Europe, is emerging as an attractive business destination. With its picturesque coastline along the Adriatic Sea, Montenegro...

What could Montenegro offer to US companies? 

Montenegro, with its strategic location on the Adriatic Sea and attractive investment climate, can offer several opportunities to US companies. Here are some key...

Montenegro Sea Ports: An Import Hub for Raw Materials for EU Heavy Industry

Montenegro, with its strategic location along the Adriatic Sea, is emerging as a promising import hub for raw materials destined for heavy industries in...

Nikšić: Montenegro’s Gateway to Industrial Innovation and EU Nearshoring

Located in the northern region of Montenegro, Nikšić is emerging as a significant player in the European industrial and business sectors. Known for its...

Herceg Novi: Montenegro’s Emerging IT Nearshoring Hub with Unique Advantages

In the picturesque landscape of Montenegro lies Herceg Novi, a coastal town with untapped potential in the technology sector. This article explores how Herceg...
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Economy

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Hotels

Karisma Hotels & Resorts unveils luxury “Porta Rai” project in Ulcinj

The luxury beachfront hotel-residential complex "Porta Rai", being developed...

Podgorica-based company Carine receives approval to build luxury hotel complex in Baošići

The Podgorica-based company Carine has received the green light...

Montenegro considers implementing single VAT rate for hospitality and accommodation

Montenegro's government may soon approve the introduction of a...

Belmont developments plans new hotel and apartment complex in Reževići

Belmont Developments from Bar has announced plans for a...

Montenegro government sets deadline for reopening Sveti Stefan hotel: Lessee has one month to fulfill obligations

The Montenegrin government has issued an ultimatum to Adriatic...

Hoteliers blame high prices, infrastructure work and lack of flights for poor season

High prices, ongoing infrastructure work and a lack of...

Montenegrin hoteliers fear major losses and competitive setbacks due to proposed VAT increase

Montenegrin hoteliers are facing significant concerns as most have...

Montenegro’s top hotels report significant profit and revenue growth in 2023

At the end of last year, the 20 largest...
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Real Estate

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Montenegro and UK highlight opportunities for enhanced maritime cooperation and infrastructure investment

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Kotor Port hosts over 1,000 vessels and 400,000 passengers this year

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Five cruise ships bring nearly 4,000 passengers to the Bay of Kotor

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