Montenegro

Montenegro

Investments in renewable energy

Montenegro is making significant strides toward becoming a leader in the green energy revolution. As part of its strategy to achieve sustainable development, the country is investing heavily in renewable energy sources, with a focus on hydropower and solar energy. This shift not only reflects the growing global demand for greener energy solutions but also presents an attractive opportunity for companies...

Toursist Montenegro

Tourism as a growth engine

Montenegro’s tourism sector is experiencing a robust resurgence following the challenges posed by the COVID-19 pandemic. As one of the main pillars of the country's economy, tourism has long been a driving force in Montenegro, offering both natural beauty and rich cultural heritage that attract millions of visitors each year. However, the pandemic severely disrupted global travel, leading to a...

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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