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New incentive laws for innovation and technological development adopted

New incentive laws for innovation and technological development adopted

Yesterday, the Government of Montenegro adopted two new laws – the Law on Innovation Activity and the Law on Incentive Measures for the Development of Research and Innovation. “These laws represent the basic measure for strengthening the IT economy and the functioning of the national innovative ecosystem and provide a wide range of benefits and… READ MORE

Incentives for innovative activities

Incentives for innovative activities

Minister of Science Sanja Damjanović presented today the new stimulating legislative framework for innovation and technological development. With these laws, Montenegro opens new opportunities – a wide range of benefits and incentives for the development of innovative economy and startup companies, offers the same conditions for domestic and foreign companies and thus becomes an attractive… READ MORE

Ministry of Economy: numerous economy support programmes begin

Ministry of Economy: numerous economy support programmes begin

The Minister of Economy Dragica Sekulić, during the presentation of the Third Government package of socio-economic measures said that the program for economy support includes short-term and long-term measures. “Through the third package of short-term measures, the Ministry of Economy will start with the salary subsidies from 1 August. EUR 18 million are planned by… READ MORE

Montenegro Airlines: 2019 busiest year in the history of the company

Montenegro Airlines: 2019 busiest year in the history of the company

The national air carrier Montenegro Airlines handled 657 276 passengers during the 2019 representing an increase of 2% on the year before. It added an extra 12 457 travellers, marking the busiest year in its 25-year history. During the previous year, the number of flights increased 2%. Montenegro Airlines recorded growth on almost all of… READ MORE

FDI inflow exceeds €2,2 billion

FDI inflow exceeds €2,2 billion

In the past three years, FDI inflow exceeded €2,2 billion, said Prime Minister, Mr Duško Marković at the occasion of celebrating of 10 years since the establishment of the Investment Development Fund. “This great result is the fruit of well-shaped economic policy. Such balances are characteristics of stable states, with stimulating business environment”, said Mr… READ MORE

Cetinje: First International prosciutto fair in June

Cetinje: First International prosciutto fair in June

Cetinje will be a host of the first International Prosciutto Fair, which will be organized in Cetinje from 5 to 6 June 2020, under the auspices of the Tourist Organization of Cetinje and Montenegrin prosciutto cluster. Mayor of Cetinje Mr Aleksandar Kašćelan, said that Old Royal Capital produces around 300 thousand kg of prosciutto on… READ MORE

More than €2m in the Renewable Energy Fund

More than €2m in the Renewable Energy Fund

In the end of 2018, the renewable energy fund totalled €2.02 million and this whole amount of money has been transferred to this year’s fund, according to the Business Report of the Montenegro Electricity Market Operator, COTEE. The fund has been increased by €129,272 in 2018, writes Dnevne Novine daily. The Business Report confirms an… READ MORE

Sekulić invites American investors to Montenegro

Sekulić invites American investors to Montenegro

Deputy Assistant Secretary of State for European and Eurasian Affairs and Special Representative of the State Department for the Western Balkans Matthew Palmer visited on Monday the capital of Montenegro, Podgorica, in his first official visit to the countries in the region. “You can count on Montenegro’s absolute partnership and my personal engagement in doing… READ MORE

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