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
Montenegro Economy
WIPO: The Global Innovation Index 2017, Montenegro ranked 48th
he Global Innovation Index provides detailed metrics about the innovation performance of 127 countries and economies around the world. Its 81 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. This year’s report reviews the state of innovation in agriculture and food systems across
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
2017 WB6 Summit held
he Trieste Summit will be an opportunity to discuss concrete avenues to strengthen regional cooperation and thus further advance the EU integration process of the Western Balkans.The 2017 Western Balkans Summit will take place on 12 July in Trieste, Italy. The Summit will serve as an important occasion to work
EU-Montenegro: Chapters #1 and 22 opened, #30 closed
he ninth meeting of the Accession Conference with Montenegro at ministerial level was held in Luxembourg to open negotiations on chapter 1 - Free movement of goods and chapter 22 - Regional policy and coordination of structural instruments. Furthermore, the accession conference provisionally closed negotiations on chapter 30 - External
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
2016 Progress Report on Montenegro
Key findings The past year saw the continuation of accession negotiations with the EU. The parliamentary elections of October 2016 were conducted under a substantially revised legal framework and, overall, in a more participatory and transparent manner. In December 2015, Montenegro received an invitation to join NATO, which is an important
Joint Statement by the EU Representatives on the elections in Montenegro
Joint Statement by High Representative/Vice-President Federica Mogherini and Commissioner Johannes Hahn on the elections in Montenegro he people of Montenegro voted in parliamentary and local elections yesterday, in a calm and orderly manner and under a reformed legal framework. The elections were observed by local and international observers, accredited by the
EBRD: Tourism in the South-Eastern Europe Report
ourism is an increasingly important source of revenue and driver of growth in many countries in the EBRD region, and especially in the South-Eastern Europe (SEE). Receipts from international tourist arrivals account for more than 10 per cent of GDP in several countries in SEE, with a substantial upward trend
WB6 Berlin Summit 2016: A new impulse for regional cooperation
he six Western Balkan economies – Albania, Bosnia and Herzegovina, the former Yugoslav Republic of Macedonia, Kosovo, Montenegro and Serbia – are united by the common goal of joining the EU. However, they still face divisions, both infrastructural and political, and are confronted, among other things, by a dire economic
Accession conference with Montenegro: Chapters 12 and 13 opened
he fourth meeting of the Accession Conference with Montenegro at Deputy level was held today in Brussels to open two negotiating chapters: Chapter 12 - Food safety, veterinary and phytosanitary policy, and chapter 13 - Fisheries. The European Union delegation was led by Ambassador Pieter de Gooijer, Permanent Representative of the
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