The Montenegro Stock Exchange experienced a modest increase in key indexes last week, with the MNSE10 index rising slightly to 1,162.65 points and the MONEX index reaching 17,514.62 points. However, trading volume sharply declined to €2,380, nearly 28 times lower than the previous week.
Shares of Crnogorski Elektroprenosni Sistem grew nearly 1% to €1.16, while stocks of Veleprodaja and UTIP Crna Gora traded at €25 and €0.40, respectively. Eurofond shares were also traded at €0.95.
A major highlight was the official approval by the European Bank for Reconstruction and Development (EBRD) of a €200 million loan for construction of the second section of the Bar–Boljare highway. The EBRD’s board confirmed that all technical, legal, environmental, and procedural standards were met, enabling construction to begin soon after contractor selection. This approval signals strong international confidence and underlines the highway’s strategic importance for regional connectivity and Montenegro’s economic growth.
Additionally, Monteput and Jugopetrol signed a 25-year lease agreement for roadside land at the Gornje Mrke rest area on the Bar-Boljare highway, where Jugopetrol will build a gas station. The lease includes an annual fee of €42,210 (excluding VAT) plus a payment of one cent per liter of fuel sold.
On the fiscal front, Montenegro’s total public debt stood at €4.5 billion at the end of March 2025, representing 56.93% of GDP. After accounting for deposits, including gold reserves, the net public debt was €4.2 billion, or 53.15% of GDP.
The government also advanced restructuring efforts for the Institute “Simo Milošević,” approving a plan for compulsory acquisition of shares. It will allocate €1.26 million to acquire 21,760 shares (5.7% ownership), while HTP Vile Oliva will invest €1.92 million for approximately 33,000 shares (8.65%), aiming to increase its stake to nearly 38% in the institute. Minority shareholders will receive around €3.2 million for 54,850 shares (14.35% ownership) at €58 per share.
