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Montenegro, Recent Economic Developments, External Sector, Current Account

According to the preliminary data, in the period January-September 2021, the current account deficit was 249.2 million euro and was lower by 71.1 percent relative to the same period of 2020. Narrowing of the current account deficit is a consequence of the increase in surplus on the account of services, the primary and secondary income […]

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Montenegro, Recent Economic Developments, Financial Account

In the period January–September 2021, the portfolio investments account recorded a net outflow of 396.5 million euro, while the net outflow on the other investments account was 294.4 million euro. The main drivers of developments on this account were lower borrowing of the State, as well as of banks and other sectors, on the account

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Montenegro, Recent Economic Developments, Financial Sector

At the end of Q3 2021, the main characteristics of the financial sector are stability and moderate level of systemic risk. Temporary measures of the Central Bank, which enabled moratorium and restructuring of loans to the clients of banks, acted as stabilising factors both on the finances of the real sector and citizens, as well

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Montenegro, Recent Economic Developments, Employment and Wages

The COVID-19 pandemic continued to bring uncertainties in 2021 for employment, and affected the labour market indicators. Restrictions in terms of mobility were in force at the beginning of the year, dealing with inter-city movement and working hours of business premises. Mass immunisation of the population started from May and majority of measures dealing with

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Montenegro, Recent Economic Developments, Inflation

The inflationary developments in 2021 are under impact of an increase in aggregate demand, bottlenecks in global supply chains, and basic commodities prices trends in the global market, primarily of the crude oil. Official MONSTAT data show an increase of year-on-year inflation for 11 months of 2021 of 2.2 percent, whereby the strongest positive contribution

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Montenegro, Recent Economic Developments, Lending Activity of Banks

The banking sector of Montenegro made a strong contribution to the Montenegrin economy rebound, which was heavily affected by the COVID-19 pandemic in 2020. The banking system in Montenegro maintained stability, high liquidity, preserved profitability, and good capitalisation in 2021 as well. All key balance sheet items recorded an increase on annual level, and so

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Montenegro, Analysis of the construction sector

We have witnessed a marked increase in real estate prices in the last few months. The reasons for this growth are seen by some in the huge inflation that started a chain of price hikes in malls all over the world, while a smaller number believe that the current rise in apartment prices in Montenegro

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Montenegro, Expansion of the IT sector

The IT industry in Montenegro has been growing strongly in recent years, and now a lot of Ukrainian and Russian programmers have arrived. Although the state gives millions to this sector, business barriers drive some of the largest IT companies out of the country. As in the whole world, information technologies (IT) are a huge

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Montenegro, Recent Economic Developments, Gross Domestic Products

In spite of the negative effects of the coronavirus pandemic and contraction of the gross domestic product of 15.3 percent in 2020, the Montenegrin economy is recording a strong recovery in 2021, primarily due to successful tourism season, advancements in immunisation, and an open door policy, as well as because of the effects of improved

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Invest in Real Estate Montenegro

Montenegro is an anomaly in the European real estate market. The investment returns for those who invest in Montenegrin real estate are among the highest in the entire continent. The trend is rising thanks to the tourism boom that this Balkan country has been experiencing for the last few years. In addition to the growing

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