Tag: borrowing

Montenegro tightens fiscal rules as refinancing cycle tests borrowing capacity

Montenegro is preparing to impose tighter limits on government spending and borrowing as the country enters a more demanding phase of its public-finance cycle,...

EPCG’s €88.5mn borrowing shows the cost of holding power prices below market stress

Montenegro’s state-owned power utility Elektroprivreda Crne Gore has entered a more debt-intensive phase, after relying on bank financing to absorb the cost of electricity imports, investment...

Household borrowing expands as consumption-led growth model deepens in Montenegro

Montenegro’s economic model is increasingly shaped by the expansion of household borrowing, with credit dynamics reinforcing a consumption-driven growth pattern that is closely tied...

Montenegro backs €40 million EPCG borrowing as energy security and external imbalances converge

Montenegro has approved a €40 million borrowing package for its state utility Elektroprivreda Crne Gore (EPCG), underscoring how energy infrastructure is becoming central to the country’s...
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Why short-term borrowing is becoming a structural feature of Montenegro’s budget

Montenegro’s reliance on short-term borrowing has quietly shifted from a tactical response to seasonal cash-flow gaps to a structural feature of public finances. Treasury...

Montenegro’s 2025 borrowing: Dan warns of “alarming” €1.45 billion debt load

A recent analysis published by Dan has ignited fresh debate about the sustainability of Montenegro’s public finances, highlighting projections that the country may need to borrow...
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