According to the latest forecast report of the Vienna Institute for the International Economic Studies (WIIW), Montenegrin economy will contract by 8%, due to heavy reliance on tourism. The report forecasts that Montenegrin economy will strengthen by 5% next year. Croatia is expected to face the greatest real GDP contraction. (11%). Croatia is followed by… READ MORE
Schools are closed, as well as hospitality businesses and shopping malls. They also closed play rooms for children and betting shops. Their border crossings. All foreigners are prohibited from entering the country. They landed planes, suspended international road and rail traffic. They introduced bans on all public gatherings. All Montenegro nationals who came from abroad… READ MORE
Western Balkans region should put its natural and cultural potential into the function of tourism economy, harmonised with modern demand of the world market. Montenegro has become prestigious tourism destination. However, only a unified, diverse and wider tourism offer of the region countries can be valued more efficiently on the international market, it was said… READ MORE
The National Tourism Organisation of Montenegro, in cooperation with Turkish Airlines and the tourism industry, will present the tourism offer of the destination at the China International Tourism Industry Expo – CITIE, held from August 30 to September 1 in Guangzhou, China . On the first day of the fair, the all-day Balkan Roadshow program… READ MORE
Montenegro-Serbia relations remain strained and it’s very hard to predict in what direction they are going to move, says in the interview for Pobjeda, Mr Žarko Korać, Professor in the Faculty of Philosophy in Belgrade and former Vice-President of the Government of Serbia. He points out that there are still many open questions in the… READ MORE
Serbia has taken the leading position from Mozambique and become first in the world in terms of foreign direct investment, according to Financial Times (FT). According to the most recent 2019 rankings published by specialist FT service, Serbia is at the top of the ranking with an index of 11.92 points, which is 1.33 index… READ MORE
Agreement on the reduction of roaming charges among the countries in the region comes into effect today. This Agreement will enable citizens to pay roaming services at lower prices and to avoid too expensive bills. Montenegrin Telecom has informed its users that starting from the 1st July until 31 December of 2019, reduced roaming prices… READ MORE
LOT Polish Airlines will continue to grow its operations to the former Yugoslavia this summer by adding one new route to its network, as well as increasing frequencies and capacity on a number of existing services. Furthermore, the airline has identified the Balkan region as an important market for its future development. The Polish national… READ MORE
The Western Balkans may become an alternative location for direct foreign investment, the Vienna Institute for International Studies (WIIW) said in a recent report, stating that the principal reasons for this are underutilized workforce and improved infrastructure. In the WIIW’s report on regional business, it is stated that the influx of foreign direct investment in… READ MORE
Montenegro has become the latest country in the former Yugoslavia to seek flights from China, following in the footsteps of Macedonia, Croatia, Bosnia and Herzegovina and Slovenia. Danilo Orlandić, the General Manager of operator Airports of Montenegro, which runs the country’s two international airports, said, “Together with our strategic partners we are looking at significantly boosting… READ MORE