Montenegrin court declared bankruptcy at KAP on Oct 9, giving go-ahead to its debt-free sale IMF has left unchanged its forecast for this year's economic growth in Montenegro to 1.5%.
The GDP rose 3.4% year on year in Q2 ,up from a revised 1.1% year on year in Q1
The January to August budget deficit reached 3.3% of GDP, exceeding the full-year target of 2.7% of GDP, after the government paid out the EUR 103mn state guarantees on KAP’s loans Montenegro will borrow EUR 100mn from Morgan Stanley to finance its budget gab and service its debt Industrial production grew 9% year on year in August, speeding up from the 5.1% rise in July August CPI inflation slowed to 2.2% year on year from a 2.7% increase the month before, due to falling transport, restaurants and hotels and furnishing prices
The GDP rose 3.4% year on year in Q2 ,up from a revised 1.1% year on year in Q1
The January to August budget deficit reached 3.3% of GDP, exceeding the full-year target of 2.7% of GDP, after the government paid out the EUR 103mn state guarantees on KAP’s loans Montenegro will borrow EUR 100mn from Morgan Stanley to finance its budget gab and service its debt Industrial production grew 9% year on year in August, speeding up from the 5.1% rise in July August CPI inflation slowed to 2.2% year on year from a 2.7% increase the month before, due to falling transport, restaurants and hotels and furnishing prices
Related Reports
Russia country report - July , 2024
Russia’s economy grew by 0.8% in the second quarter quarter-on-quarter, with overheating persisting so far, according to the Central Bank’s bulletin "What Trends Say". "Due to active growth ... more
Russia country report - July , 2024
Russia’s economy continues to put in robust growth. Industrial production and GDP figures are surpassing analysts' expectations, according to recent reports and statements from government officials ... more
Ukraine country report - June, 2024
Ukraine's economy is reeling under heavy assault by Russian forces, with real GDP growth slowing in April due to sustained attacks on the energy system. Ukrainian Commander-in-Chief Oleksandr Syrskyi ... more
Most Read
-
Indonesia expands military role in government, protesters clash with police in Jakarta
26 days ago
-
Serbian police reportedly use sonic cannon against protesters
30 days ago
-
Serbian biotech Dren Bio sold to Sanofi for $1.9bn
26 days ago
-
Putin tells Russia's oligarchs that the return of Western business will not be easy or cheap
27 days ago
-
US sets six conditions for Iran talks in Trump letter to Supreme Leader
25 days ago