1. Market Research
  2. > Financial Services
  3. > Banking Market Trends
  4. > Montenegro Country Report - September, 2015

Montenegro Country Report - September, 2015

  • October 2015
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 24 pages

This report covers the key macroeconomic and financial releases as well as the political events from Montenegro for the period of September 6-October 5, 2015.

A coalition that has held together for almost 20 years is on the brink of collapse in Montenegro, where early elections are expected to be called for spring 2016.

Meanwhile, a protest rally, organized by Montenegro's opposition Democratic Front (DF), started in the capital Podgorica on September 27, gathering between 1,500 and 5,000 people in front of the parliament building.

On the corporate side, Montenegrin unit of Hypo Alpe Adria Banka has filed a claim at the constitutional court, challenging the constitutionality of the law on the conversion of Swiss franc-denominated loans into euro. At the same time, Nebojsa Medojevic, leader of Montenegro's political party Movement for Changes (PzP), has filed a claim with the supreme court against Montenegrin unit of Hypo Alpe-Adria Banka and its executive director, Christof Schoen.

Economic crime inspectors will start investigating the operations of Montenegro's flag carrier Montenegro Airlines.

Key points:

o The budget deficit increased more than three times y/y to EUR232.7mn in the first eight months of 2015 from EUR65.4mn a year earlier

o The number of foreign tourists visiting Montenegro increased by 11.8% y/y to 509,959 in August, slowing significantly from a 33.4% y/y rise in July

o Industrial output ended its upward trend in August, declining by 0.1% y/y

o Bank assets rose 10.8% y/y to EUR3.46bn at end-August

Table Of Contents

Montenegro Country Report - September, 2015



C-bank says H1 GDP up 3.5% y/y4

Montenegro revises 2015 GDP growth forecast up to 4.3% on higher investment activity4

GDP growth brakes to 1.9% in 2014 - final figures5

GDP growth boosts to 3.4% y/y in Q25


CPI inflation stays at 1.9% y/y in August6

PPI inflation almost flattens y/y in August7

HICP inflation at 2.1% y/y in August7

3.Industry and Trade8

Industrial output swings to 0.1% y/y fall in August8

Industrial sales swing to 5.4% y/y decline in August8

Retail sales growth boosts to 4.6% y/y in August9

4.Labour Market9

Unemployment rate rises to 14.22% in early September - employment agency9

Unemployment rate falls to 17.7% in Q2 - Labour Force Survey9

Monthly average net wage grows 0.8% y/y in August10

Montenegro to invest EUR2.4mn by end-2015 to boost employment10


Montenegro sees 2015 summer tourism revenue at EUR720mn10

Foreign tourist arrivals to Montenegro slow their growth to 11.8% y/y in August11



Bank assets boost growth to 10.8% y/y at end-August13

Average lending interest rate in Montenegro falls to 9.05% in August13

Bank deposits growth improves to 15.3% y/y in August13


Public debt rises 6% y/y to EUR2.5bn at end-June on motorway loan14

Russia tops list of foreign investors in Montenegro in H115

Trade gap widens 6% y/y in January-August15

Montenegro repays EUR157mn debt in H115

net FDI inflow rises 20.5% y/y to EUR220.7mn through July16


Montenegro, A2A resume talks on EPCG's management16

Montenegrin unit of Hypo Alpe-Adria-Bank challenges in court CHF loan conversion law17

UAE companies interested to invest in Montenegro17

PzP files claim against local unit of Hypo Alpe-Adria-Bank on CHF loans18

Italy's A2A reportedly might sell stake in EPCG to Montenegro's government for EUR260mn18

Submarine power link with Italy to be operational in 2017 - CGES' Laketic18

World Bank sees growth in non-EU Southeast Europe speeding to 1.8% in 201519

China's CRBC delays launch of main works on Smokovac-Matesevo stretch to mid-October20

Montenegro's interior ministry to investigate flag carrier Montenegro Airlines20

Montenegro seeks 10-15 days extension of negotiations with Italy's A2A on management of EPCG20


Montenegro likely to hold general elections in spring 201621

Opposition DF begins series of anti-govt protests, up to 5,000 participate23

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers
Mobile Money Market by Transaction Mode, Nature of Payment, Location, Type of Purchase, Industry & Region - Global Forecast to 2021

Mobile Money Market by Transaction Mode, Nature of Payment, Location, Type of Purchase, Industry & Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • July 2016
  • by MarketsandMarkets

“Indispensable requirement to have ubiquitous access to financial solutions is driving the mobile money market” The mobile money market size is estimated to grow from USD 21.15 billion in 2016 to USD ...

China Banking IT Solutions Market Shares, 2015: Market Maintains Stable Growth

China Banking IT Solutions Market Shares, 2015: Market Maintains Stable Growth

  • $ 7500
  • Industry report
  • October 2016
  • by IDC

"China's banking industry is facing three major challenges -- economic slowdown, interest rate liberalization reform, and internet finance, accompanied by dramatic changes in the banking business environment," ...

Stem Cell Banking Market by Bank Type, Service, Application, Region - Forecast to 2021

Stem Cell Banking Market by Bank Type, Service, Application, Region - Forecast to 2021

  • $ 5650
  • Industry report
  • July 2016
  • by MarketsandMarkets

The global stem cell banking market is expected to reach USD 3.96 billion by 2021 from USD 1.58 billion in 2016, at a CAGR of 20.2% from 2016 to 2021. The storage services segment is expected to contribute ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.