Tag Archives: economic model
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…
Serbia’s 2026 growth picture: macro stability, but a state-led model faces structural tests
Serbia is exiting the post-pandemic inflation shock and is forecast to grow at a moderate pace in 2026, supported mainly by public investment. But weak industrial…
Montenegro’s banking strength contrasts with a fragile industrial base, leaving investors exposed to external swings
Montenegro’s banking system is well-capitalised and liquid, but the real economy remains narrow and import-dependent. The result is a stability model that relies heavily on external…
Serbia leans on infrastructure to drive growth in 2026, but execution risks are rising
In 2026, Serbia has shifted toward infrastructure as its main growth engine, with public capex reaching 6.9% of GDP and projects spanning transport, energy and Expo…
Montenegro’s power constraints could test a tourism-led growth model as demand peaks outpace capacity
Montenegro’s electricity system is increasingly struggling to match seasonal demand driven by tourism and real estate, forcing greater reliance on imports when hydropower output is most…
Montenegro’s bid to become a capital and maritime services hub for Gulf and Asian investors
Montenegro is positioning itself less as a tourism-only economy and more as a hybrid platform where euro-denominated stability, maritime infrastructure and structured services can attract Gulf…
Serbia’s growth engine hits structural limits as productivity and institutions lag
Serbia’s decade-long expansion model—built on FDI, low labor costs, public investment and consumption—now faces bottlenecks tied to weak productivity, limited value creation and institutional constraints. The…
Serbia’s persistent trade gap keeps it tied to global capital flows and currency conditions
Serbia’s external imbalance remains large—running at roughly €10–12 billion a year—but it has been kept manageable through steady foreign investment and remittances. The risk for investors…
Montenegro’s growth is splitting in two: credit and jobs rise, exports lag
Montenegro’s 2026 start shows a familiar pattern—credit expansion, improving employment and resilient tourism are supporting domestic momentum, while exports continue to contract sharply. The result is…
Montenegro’s growth engine tightens its grip: real estate, bank credit and foreign capital move as one
Early 2026 data show foreign investment and bank lending are increasingly feeding Montenegro’s property cycle, with more than half of FDI flowing into real estate. The…