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News

11.03.2011.

Government cuts red tape on building permits

The set of amendments reduces the number of procedures for the issuance of building permits from 14, registered by World Bank’s Doing Business team, to only two...

07.03.2011.

Annual Report of the Ministry of Finance for 2010

Annual Report of the Ministry of Finance for  2010

Annual Report of the Ministry of Finance for 2010...

04.03.2011.

Fear of flying

Fear of flying

For quite some time, the professional and the unprofessional public is dealing with the exhaustion of Montenegrin development model based on FDI. Not entering the legitimacy of these initiatives, although with unclear proposals with regard the possible development funding, this article is aspiring only to provide for some observations on the relevant dimensions of the problem...

24.02.2011.

European Commission commends Montenegro’s Economic and Fiscal Programme

European Commission commends Montenegro’s Economic and Fiscal Programme

Antonio Sanchez, economic analyst at DG ECFIN, especially commended the structural reforms Montenegro proposes in its 2011-2013 EFP submitted to the EC in late January. He pointed out the importance of harmonising the EFP with the Budget for 2011, adding that a special emphasis should be put on the design of alternative macro-economic and fiscal scenarios...

22.02.2011.

Preliminary Conclusions of the Mission, February 21, 2011

Preliminary Conclusions of the Mission, February 21, 2011

After contracting 22 months, industry began to grow again in the second half of 2010, and tourism registered a relatively strong rebound during the summer of 2010. Going forward, the recovery is projected to gain momentum, supported by high world prices and demand for Montenegro’s industrial exports, new tourism projects, and increased confidence in the financial system...

19.02.2011.

Monthly Report with consolidated fiscal data for January

Having in mind the importance of data availability on leading economic trends, the Ministry of Finance has started with the practice of publishing a consolidated Monthly Report which includes the data on both the revenues and expenditures budget perspective, debt and deposits trends, as well as the data on issued guarantees...

10.02.2011.

Official IMF visit to Montenegro

International Monetary Fund (IMF) Delegation will make official visit to Montenegro from 10th to 23th February 2011...

09.02.2011.

Interview of the Minister of Finance, Milorad Katnic, for Dan

Interview of the Minister of Finance, Milorad Katnic, for Dan

Fewer are the reasons for satisfaction with the manner of investments funds functioning. There are exceptions, but funds operation was, to the greatest extent, focused on attaining the interest of the management companies, their owners and managers....

07.02.2011.

Monthly Plan of Source Revenues of the Budget for 2011

The Ministry of Finance has developed the Monthly Revenues Plan on the basis of forecasted economic trends in 2011...

02.02.2011.

World Bank to finance Strengthened Competitiveness and Environmental Sustainability in Montenegro

World Bank to finance Strengthened Competitiveness and Environmental Sustainability in Montenegro

The World Bank Board of Directors approved a new Country Partnership Strategy (CPS) for Montenegro, providing the framework for the World Bank’s assistance to Montenegro during the period 2011–14. The CPS reflects both Montenegro’s status as an upper middle income country with well-defined development priorities and its overarching policy objective of advancing the process of integration into the European Union (EU)...