The first five municipalities with the most active companies in Montenegro are Podgorica, Budva, Bar, Herceg Novi and Nikšić. According to the data published by the Podgorica Solvent Rating agency, there were 18,637 active companies operating in Podgorica at the end of June 2022. During the first half of the year, 1,086 new companies were […]
The company Financial Solutions (FS) offers the possibility of financing micro and small businesses through factoring arrangements, which, according to its representatives, is an excellent opportunity for these companies to efficiently get the missing funds. The executive director of FS, Ilija Ivanović, said that currently on the market, micro and small businesses have a lot […]
In the first six months of this year, the Port of Bar will make a profit of around two million euros, while for the same period the transhipment will be one million tons, which are indicators that the company is doing well. In the first five months of this year, we achieved a transhipment of […]
According to preliminary data, the total foreign trade of Montenegro for January-April 2022 amounted to 1,216.4 million euros, which indicates an increase of 56.9% compared to the same period last year, according to Monstat. Exports of goods were worth 278.6 million euros, and imports 937.8 million euros. Compared to the same period last year, exports […]
Startup Uhura Solutions, which has developed a contract analysis platform based on artificial intelligence, has secured an investment of $ 1.8 million. The company, based in London and R&D center in Montenegro, founded and run by Montenegrin innovators, will use the investment to expand the team with a special focus on hiring developers at the […]
According to preliminary data from Monstat, the total foreign trade of Montenegro in January amounted to 208.8 million euros, which is 61.8 percent more than in the same month last year. Monstat announced that exports in January this year, compared to last year, jumped as much as 154 percent, to 64.3 million euros, and imports […]
The regional challenge found (RCF) grants will improve the work of eight companies and two educational institutions from Montenegro. The project is funded by the German Federal Ministry of Economic Co-operation and Development (BMZ) through the German Development Bank (KfW). The main partner in implementing the project is the Western Balkans Comoros Investment Forum (WB6CIF). […]
According to the Central Bank, in the period from January to October 2021, the total inflow of foreign direct investment (FDI) amounted to 677.9 million euros, and the outflow of FDI 279.6 million euros, resulting in a NET inflow of FDI of 398 million euros, which is 8 , 2 percent more than in the […]
The Ministry of Economic Development, in cooperation with the Agency for Electronic Communications and Postal Services (EKIP), aware of the importance of the entire digitalization process, prepared a Roadmap for the introduction of 5G mobile communication networks, which was adopted by the Government on December 23. Fifth generation (5G) mobile communication networks represent one of […]
Construction of the Montis Mountain Resort in Breza has begun, which will be the largest hotel in the north with 238 accommodation units. Montis Mountain Resort is designed as a hotel that will create an attractive offer throughout the year. The offer will include a hotel pub, designed as a city cafe, 3D cinema, hotel […]