Economy
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…
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.…
Serbia’s 2026 growth mix: public investment drives construction while services stabilize the outlook
Serbia is projected to grow by about 3.5–4.0% in 2026, supported by state-led infrastructure spending and a services sector—especially IT and logistics—that helps cushion volatility from…
Serbia steps up fiscal expansion to fund its investment cycle toward EXPO 2027
Serbia’s 2026 fiscal stance is firmly expansionary, with capital spending rising to support infrastructure, energy and urban projects tied to EXPO 2027. The government is financing…
Serbia’s 2026 external deficit endures as investment imports outstrip export gains
Serbia’s current account remains negative in 2026, with energy and capital-goods imports widening the goods trade gap. The deficit is still viewed as sustainable because it…
Serbia brings a new supercomputer online in Kragujevac as data-centre buildout accelerates
Serbia has officially launched a new supercomputer at the State Data Centre in Kragujevac, adding computing capacity alongside new data-centre modules and solar power. The expansion…
NBS clarifies foreign-currency checkout for Serbian e-commerce exports
Serbia’s National Bank has confirmed that domestic online sellers can collect foreign-currency payments from non-resident customers, removing a key checkout friction point that previously forced some…