mall countries, i.e. small economies are rather sensitive to the influence of international environment. This especially applies to countries like Montenegro, in which the use of euro as a legal tender additionally limits the maneuvering space in case of potential external shocks. Therefore, it is important, seems even more important
Tag: Tax
Montenegro: Business Stimulating Programs
Montenegro's Ministry of Economy has published Business Stimulating Programs Brochure. The content of brochure includes the following: Decree promoting direct investment Explained Business zones development project Cluster development fostering program in Montenegro The 2017-2020 regional and local competitiveness increasing program through alignment with the requirements of international standards of operations
2018 EU budget draft: focus on jobs, investments, migration and security
he Commission proposed a draft budget for 2018 of €161 billion in commitments to stimulate the creation of more jobs, especially for young people, and to boost growth and strategic investments. Building on the actions already undertaken in previous years, next year's EU budget will continue dealing effectively with the migration
2017 Doing Business Report: Montenegro 51st
orld Bank has published 14th Doing Business report for 2015-2016 period. According to the report, Montenegro was ranked 51th out of 190 economies covered. That is three places lower than previous year, if the same methodology was applied to the DB 2016 report. Methodology updates* As part of a three-year update in
EU Autumn 2016 Economic Forecast: Modest growth
Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% conomic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors. In
2016 G20 summit in Hangzhou, China
20 leaders met in Hangzhou, China, on 4-5 September. European Council President Donald Tusk and European Commission President Jean-Claude Juncker represented the EU at the summit. The theme of this year's summit was “Towards an innovative, invigorated, interconnected and inclusive world economy”. Leaders adopted a communique focusing on: strengthening the G20 growth agenda
EU VAT gap: €160 bn. lost in uncollected revenues in 2014
staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission. Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted once again to an unacceptably
State aid: Ireland gave illegal tax benefits to Apple
he European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of
European Commission: The Anti Tax Avoidance Package – FAQ
1. Why has the Commission made the fight against corporate tax avoidance a priority? orporate tax avoidance deprives public budgets of billions of euros a year, creates a heavier tax burden for citizens and causes competitive distortions for businesses that pay their share. It also undermines the EU goals of growth,
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
EC: Montenegro’s Economic Forecast – Volatile growth amid public finance concerns
Spring 2016 Economic Forecast ourism and capital-intensive projects continue to be the main drivers of growth, albeit their contribution appears more volatile than previously expected. The growth potential is hampered by the sluggish recovery of bank lending. Budget deficits remain high due to a surge in public investment and social security
