Blog
CBAM and EU ETS volatility are reshaping cross-border power trading in Southeast Europe
As CBAM pricing for electricity imports is tied to the quarterly weighted average EU ETS allowance price, carbon-market swings are now feeding directly into the economics…
CBAM’s knock-on effect in Southeast Europe: when electricity schedules diverge from physical flows
In Q1 2026, scheduled cross-border trades in parts of Southeast Europe fell sharply while physical electricity flows largely held up, reflecting CBAM-driven changes in nominations rather…
Montenegro’s service economy delivers stability—while increasing exposure to external shocks
Montenegro’s 2026 growth profile is anchored in a service-led model, with tourism and related activities generating foreign exchange and supporting capital inflows. But the same structure…
Montenegro’s agriculture remains underleveraged, with land structure and low investment holding back growth
Montenegro has about 251,404 hectares of utilized agricultural land, but most of it is permanent grassland and pastures, leaving arable farming at roughly 3.3%. With limited…
Montenegro’s industrial output stays stable but struggles to scale
MONSTAT data for 2026 points to industrial activity that is steady yet subdued, reflecting a small, concentrated industrial base. With services—especially tourism—still driving the economy, industry…
Montenegro’s tourism engine regains momentum as the 2026 peak season nears
New indicators from MONSTAT point to renewed expansion in Montenegro’s tourism sector as the 2026 season approaches, with arrivals, overnight stays and accommodation capacity all trending…
Montenegro’s wage growth cools as inflation stabilizes and real incomes recover
Montenegro’s average net salary rose to about €1,025 in early 2026, with year-on-year growth of roughly 2.3%, signaling a shift from the more erratic wage adjustments…
Montenegro’s labour market looks steady, but participation limits threaten longer-term growth
Montenegro’s 2026 labour data show unemployment at 10.7% and a large employed workforce, yet the bigger issue is that around 39% of the working-age population is…
Montenegro’s import price inflation nearly stalls, pointing to a shift from external shocks
Montenegro’s industrial import prices rose only 0.2% year-on-year in the first quarter of 2026, according to MONSTAT—an abrupt slowdown that suggests imported cost pressures are losing…
Montenegro’s trade expands in 2026, but the external deficit remains a structural constraint
Montenegro’s total external trade rose to about €5.03 billion in 2026, up 7.2% year on year, driven by higher imports and modest export gains. Yet imports…