Montenegro’s stock market saw a slight rise in indices and significantly higher trading volume last week amid developments in the airport concession tender process. The MNSE10 index increased by 0.5% to 1,179.42 points, while the MONEX index rose 0.3% to 17,632.83 points. Trading volume reached €201,280, over eight times higher than the previous week.
The tender committee gave the Luxembourg-American company Corporación América Airports (CAAP) five working days to submit their financial offer in Excel format. CAAP and South Korea’s Incheon International Airport Corporation (IIAC) are bidders for the concession of Montenegrin airports, with CAAP offering €101 million and IIAC €100 million.
Shares of Elektroprivreda Crne Gore (EPCG) surged 10.8% to €5.93 following a €1.5 million grant agreement signed with the German development bank KfW to support EPCG’s green transition and consultancy services.
Shares of Zetatrans increased by 9.3% to €1.18, and Solana “Bajo Sekulić” rose 2.7% to €1.50. Former workers of Solana requested the bankruptcy trustee to start selling the company to settle creditors, while calling on the government to intervene. The administrative court ruled the state’s registration on Solana’s land illegal, returning ownership to the majority shareholder, Eurofond. Workers highlight long delays in resolving the case and outstanding debts.
URA party leader Dritan Abazović urged the government and parliamentary majority to defend Solana “Bajo Sekulić” and return it to state ownership.
Shares of Bar Port fell 5.9% to €0.301, Jugopetrol dropped 3.6% to €14.4, Montenegro’s power transmission system operator CGES declined 2.3% to €1.25, and Crnogorski Telekom decreased 2.2% to €2.25. Shares of Hipotekarna banka and Port of Adria remained unchanged.
Additionally, the Ministry of Transport and Monteput signed a €300,000 grant agreement with the European Bank for Reconstruction and Development (EBRD) to support the construction of the Mateševo–Andrijevica motorway section, funding consultancy services for project implementation. Monteput selected the consortium of PPG and Roughton International Ltd. as the best bidder for consultancy services.
