Blog
Montenegro turns EU accession into a financing and reform blueprint
Montenegro is repositioning its growth model around EU-aligned infrastructure, energy and environmental investment, supported by pre-accession funding and a shift toward long-term capital. The key bottleneck…
Montenegro’s energy stress spotlights the financing strain of transition
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) reported a €92mn loss after the Pljevlja coal plant was shut for environmental reconstruction, forcing costly imports amid weaker…
Montenegro’s tourism rebound meets a pivotal aviation policy decision
Montenegro’s tourism is gaining momentum as air connectivity expands and low-cost carriers return, pushing passenger volumes above 3 million annually. But a proposed 30-year airport concession—backed…
Montenegro’s early-2026 deficit beat highlights revenue strength, not spending flexibility
Montenegro’s central government reported a first-quarter deficit of €124mn, well below plan, as revenues outperformed projections. But the improvement is driven mainly by consumption-linked tax inflows…
Montenegro pivots toward long-term, transformative investment as it seeks structural economic reset
Montenegro’s government is urging investors to back projects that “last,” shifting policy away from short-cycle capital toward energy and industrial-adjacent investments aimed at systemic change. The…
Low-cost flight rebound boosts Montenegro traffic—now airport concession terms will test the model
Montenegro’s passenger numbers are rising as low-cost carriers, led by Wizz Air, expand routes and bases. But a planned 30-year airport concession could reshape pricing incentives…
Montenegro steps up municipal use of EU funds as Chapter 27 pressure mounts
Montenegro has signed seven agreements with municipalities to channel EU pre-accession financing into local water, wastewater and flood protection projects tied to Chapter 27 environmental compliance.…
Montenegro’s first-quarter deficit beats plan, but spending rigidity keeps fiscal risk in focus
Montenegro’s central government posted a €124mn budget deficit in the first three months of 2026, well below the planned gap, helped by stronger revenue collection. But…
Montenegro tightens tax enforcement to curb profit shifting and offshore leakage
Montenegro is moving toward a more compliance-driven tax system as it prepares legal changes aimed at curbing profit shifting, aggressive tax planning and the use of…
Montenegro leans on an investment-first borrowing thesis as capital spending outpaces debt growth
Montenegro’s finance ministry says that between 2020 and 2025, capital investments rose by more than €350mn relative to the increase in net public debt—supporting a claim…