Blog
MVM majority control of Južna Bačka shifts Serbia’s EPC balance toward generation and distribution as EPS awards build a €160m pipeline
After MVM increased its stake in Energotehnika Južna Bačka to majority control between July and September 2025, the contractor quickly moved into larger EPS-linked work—most notably…
Montenegro’s 2026 tourism shift: how Budva, Kotor and Tivat are splitting revenue models across the Adriatic
As Montenegro heads into the 2026 season, its coastal tourism is becoming less uniform and more financially differentiated—ranging from heritage-capped Kotor to luxury-marina driven Tivat. The…
Budva bets on earlier festivals to smooth Montenegro’s tourism revenue curve in 2026
Budva is front-loading its 2026 tourist season with a tightly sequenced spring events calendar, aiming to pull bookings into April and May and reduce the revenue…
Aman and Adriatic Properties move Montenegro toward reopening Sveti Stefan, easing a high-stakes governance dispute
Montenegro is edging closer to reopening the closed since 2021 Sveti Stefan complex after Aman Resorts and Adriatic Properties signaled readiness for the upcoming [[PRRS_LINK_1]]. The…
Montenegro’s strategic oil reserves bill rises to €80m as EU compliance meets volatile markets
Montenegro’s move to create mandatory strategic oil reserves under EU-aligned rules has been repriced by global energy volatility, lifting the projected compliance cost to about €80…
Montenegro’s wage stability is being tested by inflation-driven loss of purchasing power
Montenegro’s latest wage figures suggest nominal pay is holding up, but persistent inflation—especially in essentials like food, housing and energy—is steadily eroding real household purchasing power.…
EDF and EPCG back Kruševo pumped storage as Montenegro reshapes power flexibility
Montenegro’s deepening energy cooperation with France is taking shape around the Kruševo pumped-storage project, positioned less as “hydropower” and more as long-duration flexibility for a renewables-heavy…
Montenegro’s marinas turn berth access into a lever for capital allocation
Montenegro’s marina developments are shifting from simple docking infrastructure to structured “entry points” that influence who can stay, for how long, and at what price—reshaping where…
Montenegro’s credit growth outpacing real-economy change raises questions for future resilience
Montenegro’s banking indicators point to faster financial deepening, with rising lending, improving profitability and stable deposits. But the real economy—exports, investment patterns and the persistent trade…
Montenegro’s early-2026 indicators: growth holds, but external risks remain the constraint
Early data from 2026 suggests Montenegro is likely to keep its current growth pattern—supported by consumption, investment, easing inflation and rising employment—while export weakness and tourism…