This week, the Montenegro Stock Exchange, which was full of data on the state of public finances, had a turnover of millions, thanks to the sale of Lovćen bank shares.
On Monday, 2.37 thousand shares of Lovćen bank were sold on the stock exchange for EUR 1.3 million. The price per share was 550 EUR.
The sold share is about five percent of the total share capital.
The value indicator of the ten best companies MNSE10 strengthened by 1.3 percent to 1,016.21 points, and MONEX by 0.8 percent to 14,932.13 points.
The turnover amounted to EUR 1.34 million and was five times higher than last week.
This week the share of Elektroprivreda (EPCG) strengthened by 11.1 percent to EUR 5.2, Crnogorski Telekom by 1.1 percent to EUR 1.77 and Plantaže by 0.7 percent to 29.72 cents.
EPCG, for the 11th time in a row, launched the Share the burden campaign, with the intention of enabling customers from the household category to pay off their outstanding electricity debt on extremely favorable terms.
“In this sense, all customers from the household category, who meet the conditions, will have the opportunity from today to conclude an agreement on the fulfillment of obligations on the basis of the debt for the consumed electricity in installments on preferential terms”, the company’s announcement states.
The shares of Adriatic Shipyard lost 42.5 percent to 50 cents, Port of Adria 9.2 percent to 22.1, Luka Bar 1.4 percent to 50 cents and Montenegrin Electric Transmission System (CGES) 0.9 percent to 1.07 EUR . The share of Jugopetrol remained at last week’s EUR 12.5.
This week, CGES announced that a contract was signed in Podgorica on the connection of the Montečevo solar power plant to the transmission system, with an installed capacity of up to 400 megawatts (MW), an investment value of around EUR 350 million.
“At this moment, on this day, the balance in the treasury is EUR 137.7 million in deposits, including gold, EUR 204 million,” announced Damjanović and added that macroeconomic stability was preserved and financing of all current budget obligations was ensured.
According to preliminary data, budget revenues of 1.44 billion EUR were realized in seven months of this year, which is 363.7 million or 33.7 percent more compared to the same period last year.
Compared to the plan, it is EUR 256.4 million or 21.6 percent more.
Damjanović specified that budget revenues in July alone amounted to EUR 207.2 million, that is, 25 percent more than last year, or some 14 percent above the plan.
Also, data from the Ministry of Finance showed that in the first six months a budget surplus was achieved in the amount of EUR 179.3 million, or 2.7 percent of the estimated gross domestic product (GDP), as well as that the total state debt, without deposits, at the end of June, amounted to EUR 4.02 billion or 62.42 percent of gross domestic product (GDP).
The total state debt with deposits at the end of June amounted to EUR 3.75 billion or 58.19 percent of GDP.
