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IFC Threatens to Exit Montenegro Airport Concession Deal Over Lack of Transparency

The International Finance Corporation (IFC), part of the World Bank Group and the key advisory partner in Montenegro’s airport concession process, has raised serious...

How the Son of Former Minister Branimir Gvozdenović Built Apartments in Tivat

In 2019, Marko Gvozdenović, son of former Montenegrin minister Branimir Gvozdenović, quickly established a company and shortly thereafter entered into a contract to acquire...

Montenegro Airport concession mired in institutional crisis and political pressure

The concession process for Podgorica and Tivat airports in Montenegro is increasingly facing signs of an institutional crisis, marked by serious suspicions of political...

Montenegro sees sharp decline in new apartment permits amid market adjustments

In the first quarter of this year (January-March), only 117 permits and construction notifications were issued for building new apartments, marking the lowest number...

Cetinje launches tender for second phase of Lovćen cable car project

The Capital City of Cetinje has announced a tender for the development of a conceptual design for a cable car from Lovćen to Cetinje....

Montenegro to raise pensions by 3.1% in May amid inflation and wage growth

Pensions in Montenegro will increase by 3.1% in May, based on wage growth and inflation data from the Statistical Office (Monstat), reports Vijesti. The official...

Montenegro’s President condemns Parliament’s approval of controversial UAE Cooperation Agreement

Montenegro’s President Jakov Milatović criticized the Parliament’s decision to reapprove the Cooperation Agreement on Tourism and Real Estate Development between Montenegro and the United...
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