Business

Montenegro Growth Economic

Economic growth and challenges

Montenegro has shown commendable resilience and growth in recent years, primarily driven by strong consumption and a booming tourism sector. However, despite these positive developments, the country faces significant economic challenges that threaten the sustainability of this growth. Inflation, budget deficits, and structural problems in the labor market are hindering long-term progress. According to the...

Montenegro Government

New government and EU accession

At the end of October 2023, Montenegro ushered in a new government under Prime Minister Milojko Spajić. This administration marks a significant political shift for the country, with a renewed focus on resuming Montenegro’s stalled EU accession process. The new coalition government, an alliance of both pro-Western and anti-Western forces, has set its sights on implementing the...

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