Moody's credit rating agency has affirmed the B1 credit rating for Montenegro, while retaining "positive" outlook. The credit rating is the result of high GDP per capita, optimistic prospects for EU accession, and a strong investment trend with a focus on foreign direct investment. The latest Moody's report welcomes significant
Tag: Credits
ECB: Access to Finance of Enterprises Report (Oct16-Mar17)
The European Central Bank (ECB) published its 16th report on the results of the “Survey on the Access to Finance of Enterprises”. The report provides evidence on changes in the financial situation, financing needs and access to financing of small and medium-sized enterprises (SMEs) in the euro area in the
COSME: Competitiveness of Enterprises and SMEs
OSME is the EU programme for the Competitiveness of Small and Medium-sized Enterprises (SMEs). Allocated a financial envelope of EUR 2.3 billion for the 2014-2020 period, it is designed to improve SMEs’ access to finance and markets. It should also support entrepreneurship and provide more favorable conditions for business creation
Moody’s credit rating Montenegro 2016 : B1, negative outlook
oody's Investors Service has today downgraded Montenegro's long-term issuer and senior unsecured debt rating by one notch to B1 from Ba3. The short-term ratings have been affirmed at Not Prime (NP). The outlook remains negative. The key drivers for today's rating action are: Fiscal risks related to the highway project, which
Instant payments across the EU by November 2017
he Euro Retail Payments Board (ERPB), a group chaired by the European Central Bank that brings together associations of providers and users of payment services, has invited the European Payments Council, a body representing the payment service providers in Europe, to develop a scheme for instant payments in euro by
Human freedom index report: Montenegro ranked 40
he Human Freedom Index presents the state of human freedom in the world based on a broad measure that encompasses personal, civil, and economic freedom. Human freedom is a social concept that recognizes the dignity of individuals and is defined here as negative liberty or the absence of coercive constraint.
UAE – Montenegro: Agricultural development credit agreement
ontenegro will expand its agricultural exports and create jobs thanks to an agreement for a 50 million EUR loan from the Abu Dhabi Fund for Development (ADFD). Mohammed Al Suwaidi, the fund’s director general, signed the loan agreement with prof. PhD Petar Ivanovic, Montenegro’s minister of agriculture and rural development
Commission adapts crisis rules for banks
The European Commission has adapted its temporary state aid rules for assessing public support to financial institutions during the crisis. The main changes are aimed at improving the restructuring process and the level playing field between banks. In particular, banks will be required to work out a sound plan for
Low interest rates will drive EU recovery
he reasons for the ECB's low long-term interest rate announcement last week, ways to boost lending to small firms and efforts to reduce the fragmentation of financial markets in the EU were among the issues debated with ECB President Mario Draghi by Economic and Monetary Affairs Committee MEPs on Monday. Low
New Internet portal helping businesses to access EU finance
Businesses around Europe will have easier access to much needed finance as the European Commission expands the single portal on EU finance, to include EU Structural Funds: the European Regional Development Fund (ERDF) and the European Social Fund (ESF). Launched last month, the new single portal on EU finance provides