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Montenegro’s gambling revenue jumps 80% to €18 million in seven months

Montenegro's revenue from gambling and games of chance reached approximately €18 million in the first seven months of the year, representing an 80% increase...

Montenegro’s unemployment rate falls to 32,600 by August

At the end of August, Montenegro had 32,600 unemployed individuals, a 3% decrease from July, according to data from the Employment Agency (ZZZ). The...

Karisma Hotels & Resorts unveils luxury “Porta Rai” project in Ulcinj

The luxury beachfront hotel-residential complex "Porta Rai", being developed in Ulcinj, was officially unveiled in Podgorica this evening. The event was attended by numerous...

Montenegro adopts tax reforms, adjusts VAT and social contributions

Montenegro's Parliament has approved a new set of economic laws, effective September 1. Key changes include reducing pension contributions for both employers and employees,...

EPCG secures €40 million loan from KfW for HPP “Perućica” expansion project

EPCG (Electric Power Company of Montenegro) and the German Development Bank (KfW) have finalized a €40 million loan agreement to finance the installation of...

Montenegro sees 4% rise in tourist arrivals in August and strong revenue growth

In Montenegro, unofficial data provided to the National Tourism Organization (NTO) by local sources show that on August 5, 2024, there were 100,000 visitors,...

Serbia’s Customs Administration sees 9% increase in revenue for first eight months of 2024

The Customs Administration has reported substantial growth in revenue collection for the period from January 1 to August 31, 2024, contributing to an increase...

Montenegro and UK highlight opportunities for enhanced maritime cooperation and infrastructure investment

The cooperation between Montenegro and the United Kingdom is currently positive but could benefit from further strengthening, according to a statement released after a...
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