This week, the Montenegro Stock Exchange saw a slight uptick in its indices, coinciding with the announcement of a 2.7% GDP growth for Montenegro in the second quarter.
Both the MNSE10 and MONEX indices increased by 1.5%, reaching 1,022.24 points and 15,427.96 points, respectively. However, trading volume dropped to €65,700, marking an 18% decrease from the previous week.
Preliminary data from Monstat revealed that Montenegro’s GDP in the second quarter was approximately €1.85 billion, compared to €1.72 billion during the same period last year. Additionally, Monstat reported a 6.3% growth in GDP for the previous year.
Among the week’s standout stock performances, shares of the Bar-based company Absolute soared by 300% to €1.20. Other notable gains included Izbor Bar, which rose by 60% to €0.004, and Plantaže, which climbed by 0.6% to €0.155.
Further stock increases included Solana “Bajo Sekulić” at a 47% rise to €2.50, Hipotekarna Banka up 10% to €6.50, Budvanska Rivijera gaining 1.4% to €7.50, and Crnogorski elektroprenosni sistem (CGES) edging up 0.7% to €1.40.
On the downside, Montecargo saw a decrease of 8.5%, landing at €0.238, while Elektroprivreda (EPCG) fell by 2.4% to €5.27.
This week, EPCG also signed a memorandum of understanding with the French company Electricité de France (EDF) aimed at establishing a long-term dialogue on energy transition and low-carbon technologies. The memorandum focuses on creating a collaborative framework for developing new hydropower plants to enhance Montenegro’s energy security.
Stock prices for Veleprodaja remained stable at €25, and Poliex Berane held steady at €0.147.
Additionally, the Montenegrin government approved macroeconomic and fiscal policy guidelines through 2027, based on strategic planning documents. Preliminary forecasts indicate a real economic growth rate of 3.8% for this year, fueled by growth in the tourism sector, high private consumption, and a rebound in investments.
Prime Minister Milojko Spajić announced a tender for the reconstruction of Vojislavljevića Street in Podgorica, which aims to convert it into a four-lane boulevard. The estimated cost for this project is €14.5 million, with an 18-month completion timeline.
Spajić highlighted that this long-awaited project aims to alleviate traffic congestion in one of the city’s busiest areas, thereby improving connectivity between key transport corridors.
