The Montenegro Stock Exchange (Montenegroberza) saw a decline in indexes and increased trading volume during a week when Prime Minister Milojko Spajić announced an extension of the deadline for submitting bids for Montenegro’s airports until May 7.
The value indicator for the ten best companies on the Montenegro Stock Exchange, MNSE10, dropped by 1.7% to 1,181.08 points, while MONEX decreased nearly 1% to 17,779.34 points.
The trading volume reached EUR 172,030, almost five times higher than the previous week.
Spajić stated that three companies in the final selection had requested additional time to prepare their bids.
“The deadline for submitting final binding offers for the airports has been moved from April 5 to May 7,” Spajić announced on Friday during a press conference after the government session.
He reminded that the airport process had been delayed for seven to eight years and that Montenegro had been on an informal blacklist by the airport consultants, part of the World Bank (WB).
Shares of Marine Bar fell 10% to EUR 3.15, Crnogorski Telekom dropped 7.4% to EUR 2.26, and Luka Bar fell 9.6% to EUR 0.33.
Shares of Mješoviti company surged by 566.7% to EUR 1.
Electricity company stocks showed mixed performance. Shares of Elektroprivreda (EPCG) decreased by 2.2% to EUR 5.38, while Crnogorski elektroprenosni sistem (CGES) rose by 1.7% to EUR 1.19.
On Friday, the key energy companies in Montenegro, EPCG, Crnogorski elektrodistributivni sistem (CEDIS), and CGES, signed a Letter of Intent for strategic cooperation on the development of a Consolidated Data Center (KDC).
According to EPCG, this initiative represents a significant step towards the digital transformation of Montenegro’s energy system and the creation of a modern data hub.
Through this partnership, EPCG, CEDIS, and CGES will pool resources and expertise to create a technologically advanced system for data management and digital services. The KDC will be located in the industrial complex of Željezara Nikšić, in spaces already designated for this purpose.
Shares of Hipotekarna Banka, Solana “Bajo Sekulić,” and Port of Adria remained unchanged at EUR 9.3, EUR 1.11, and EUR 0.30, respectively.
The week was also marked by the announcement from Mohamed Alabbar, founder of Emaar Properties and president of Eagle Hills Properties, who shared his vision for the development of Velika Plaža in Montenegro. Alabbar emphasized the importance of focusing on community development and investment opportunities.
According to Eagle Hills Group, although the official results of the tender for Velika Plaža have not been released yet, Alabbar confirmed that any beach he acquires will be returned to leaseholders at the same rate.
This decision reflects Alabbar’s commitment to supporting local businesses, preserving livelihoods, and investing in infrastructure around the beach to enhance the overall experience for both visitors and residents.
