1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Retail Banking Market Trends
  5. > Intellinews - Montenegro Country Report - March 2013

Intellinews - Montenegro Country Report - March 2013

  • March 2013
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 13 pages

The EC revised down its forecast for Montenegro's economic growth in 2013 as tax increases are seen weighing on domestic demand. The Commission’s projection is also lower than the government's expectation for 2.5% growth this year. Still, recovery of bank lending or the opening of some large investments before end-2013 could support economic growth.

In January, the annual consumer and producer inflation slowed. Industrial output increased during the month on the back of improved utilities performance but the manufacturing sector continued to push the index down.

On the fiscal side, the IMF warned that Montenegro should urgently implement additional budget consolidation measures in order to tame public debt growth and achieve its budget deficit target in 2013.

Recent developments drew the attention to aluminium plant KAP at the end of February - CEAC, part of Russia's En+ Group of Oleg Deripaska, offered to transfer its 29.4% stake in KAP to the government, which also already holds 29.4%, and receive EUR 51mn in return.

Table Of Contents

Intellinews - Montenegro Country Report - March 2013
Table of Contents

EXECUTIVE SUMMARY
MACROECONOMIC OVERVIEW
REAL SECTOR
1. GDP
2. Inflation
Montenegro's CPI inflation eases to 4.2% in Jan 2013.
Montenegro's harmonised inflation eases to 3.8% y/y in Jan 2013.
Montenegro's PPI inflation slows down to 4.6% y/y in Jan 2013.
3. Industry and Trade
Montenegro's retail sales rise 9.5% in Jan 2013.
4. Labour Market
Montenegro's average net wage drops 3% y/y in Jan 2013.
Montenegro's unemployment rate up to 13.7% as of Jan 28.
5. Tourism
FISCAL SECTOR
FINANCIAL INTERMEDIATION
Montenegro's bank assets post zero growth as of end-2012.
Montenegro's bank deposits up 9% y/y at end-Dec 2012
EXTERNAL SECTOR
STRUCTURAL REFORMS AND CORPORATE NEWS
POLITICAL NEWS
Main opponents in Montenegrin presidential vote launch election campaigns.



List of Tables

Table 1 Montenegro: GDP
Table 2 CPI, %, y/y
Table 3 Montenegro: Industrial output, %, y/y
Table 4 Montenegro: Total assets of commercial banks, EUR mn, eop
Table 6 Montenegro: Deposits held at commercial banks, EUR mn, eop
Table 7 External Trade Montenegro



List of Figures

Figure 1 Montenegro Producer Price Index
Figure 2 Montenegro Industrial Output
Figure 3 Montenegro Average Wage
Figure 4 Montenegro Bank Assets
Figure 6 Montenegro Bank Deposits

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 Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
The Global Wealth Market in 2016; Analyzing 69 country wealth markets worldwide.

The Global Wealth Market in 2016; Analyzing 69 country wealth markets worldwide.

  • $ 5250
  • Industry report
  • September 2016
  • by Verdict Financial

Summary The global wealth market is on a continuous growth path. Worldwide liquid onshore assets will exceed $100tn no later than 2017. But the market is not homogenous: rates and reasons for growth diffe ...

HNW Offshore Investment: Booking Center Preferences 2016

HNW Offshore Investment: Booking Center Preferences 2016

  • $ 5250
  • Industry report
  • August 2016
  • by Verdict Financial

Summary 2015 was a weak year for the global offshore market. However, there have been clear winners and losers as the dynamics of the offshore markets continue to shift. The recent focus of most Western ...

Future of Financial Services

Future of Financial Services

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Growth in FinTech is Shaping the Future of Invisible Finance & Virtual Banking The financial services industry is on the brink of disruption, as the use of technology poses a challenge to market players ...

Global Bitcoin Industry

September 2016 $ 4950

Mass Affluents: Channel Use In China

September 2016 $ 3450

ref:plp2013

Reportlinker.com © Copyright 2016. All rights reserved.

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