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Montenegro’s banking sector: Rising loans, decreasing interest rates and record profits

The average loan amount per capita stands at €3,292, which is €500 higher than in January of last year. Loans to legal entities have...

Government efforts to tackle shadow economy in Montenegro’s labor market

The government estimates that the scope of the shadow economy in the labor market has drastically decreased, with 74,000 people officially employed in the...

Ulcinj Mayor criticizes Government’s impact on tourist season and calls for transparent beach lease process

The Mayor of Ulcinj, Genci Nimanbegu, believes that the Government of Montenegro has seriously jeopardized the tourist season, particularly at a time when key...

Gambling industry urges Government to withdraw proposed Gambling Law amid concerns over economic impact

On March 11th, the Gambling Organizers Group within the Chamber of Commerce of Montenegro sent an official letter to the Prime Minister, warning about...
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Call for full transparency in Ulcinj beach lease tender process

President of Montenegro, Jakov Milatović, emphasized that the beach lease tender is a critical issue that requires full transparency. He shared that he had...

Montenegro lagging behind in season preparations

Despite the upcoming tourist season, Montenegro is facing delays in key preparations. Industry representatives warn that infrastructure improvements, workforce organization, and promotional activities are...
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