This week on the Montenegro Stock Exchange, there was a slight increase in the MNSE10 index to 1,065.3 points, while MONEX also gained slightly to 16,091.11 points. Trading volume amounted to 40,160 EUR, 43% lower than the previous week.
In terms of Montenegro’s financial performance, the country recorded a budget surplus of 75.1 million EUR in the first ten months of 2024, or 1% of the estimated GDP. This result significantly outperformed the planned budget deficit of 105.3 million EUR, with revenues totaling 2.32 billion EUR, a 9.1% increase compared to the same period last year.
Several companies saw stock price increases, including Montenegroberza (16.7%), Crnogorski Elektroprenosni Sistem (1.5%), Crnogorski Telekom (slight increase), and Hotelska Grupa Budvanska Rivijera. Shares of Hipotekarna Banka rose 2.2%, and the bank secured a 10 million EUR loan from the European Bank for Reconstruction and Development (EBRD) to offer more favorable housing loans to its customers.
Meanwhile, shares of Ulcinjska Rivijera dropped by 13.8% due to a legal dispute involving the Atlas Fund. Jugopetrol’s stock decreased slightly by 0.1%, while shares of Poslovno-logistički Centar Morača and HTP Vektra Boke remained unchanged.
Additionally, the government has the option to issue guarantees up to 87.5 million EUR next year, with potential guarantees for projects like regional water supply system upgrades and the construction of a new power transmission line.
