Montenegro plans to invest EUR 39.74mn this year in maintaining, renovating and building its state roads, the government said last week. The money will go for removing traffic network bottlenecks, to continue works on the Tifran tunnel, for the upgrade of important roads, bridges repairmen, intersections reconstruction, building third road lanes and dealing with damages caused by floods. The Tifran tunnel will stretch over 460 metres in the Berane municipality, eastern Montenegro. The government's state roads directorate has awarded the construction of the EUR 4.3mn project to local companies Bemaks and Rudnici Boksita. |
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more
Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more