The Government of Montenegro has approved a bill exempting certain categories of citizens from paying income tax.
Politics and Finance
At a meeting of the Montenegrin Council for Financial Stability, a working group was formed that will prepare a draft law on cryptocurrency assets and regulation of the circulation of cryptocurrencies in the country
Foreign direct investment, predominantly from Russia and the United Arab Emirates (UAE), increased by 80 percent
Montenegro plans to abolish value added tax (VAT) on the purchase of solar panels
Banks operating in the Montenegrin market made a profit of 31,1 million euros in the first six months of this year
Spanish Prime Minister Pedro Sanchez supported the desire of Montenegro to join the European Union.
Prime Minister of Montenegro Dritan Abazovic discussed with Crown Prince of Saudi Arabia Mohammed bin Salman the possibility of Saudi investment in energy and tourism in the Western Balkans.
According to preliminary data, the total volume of foreign trade of Montenegro from January to May this year amounted to 1,561 billion euros, which indicates an increase of 54,3% compared to the same period last year
“In addition to tourism and energy, the development of the IT industry is a direction for the development of our economy,” said Minister of Economic Development and Tourism Goran Jurovic.
According to preliminary data from the statistical agency Monstat, Montenegro's gross domestic product (GDP) grew by 7,2 percent in the first quarter of this year.