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Montenegro News

  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • US LNG exports make European market more competitive

    ALBANIA, 2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
  • Go West, VP Pence tells Balkan leaders

    MONTENEGRO, 2017/08/03 Vice President Mike Pence accused Russia on Wednesday of working to "destabilize" the Western Balkans and divide the region from the West where he said its next lies. Pence spoke in Montenegro, which joined NATO this year in defiance of Russia, on the final leg of a tour designed to reassure Eastern Europe of Washington's commitment to its security despite doubts sowed by President Donald Trump's lukewarm support for the Western military alliance. Montenegro, a former Yugoslav republic with a people of 680,000 and an army of 2,000, became NATO's 29th member in June, eight months next Podgorica accused Russian spies of orchestrating an attempted coup to derail the accession.
  • Higher earning Why a university degree is worth more in some countries than others

    AFGHANISTAN, 2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • EU Hails Balkan Transport Network Deal

    ALBANIA, 2015/05/04 The EU Commissioner for Enlargement and Neighborhood Policy, Johannes Hahn, on Tuesday said the “Western Balkan Six” conference in Brussels had reached agreement on a regional transport network. The EU is ready to allocate 130 million euros from pre-accession IPA funds for the project by the end of the year, Hahn told a joint press conference with EU Transport Commissioner Violeta Bulc. The funds will increase over the coming years, he added. Tuesday's summit, attended by the prime ministers of Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia, marked a follow-up to a similar conference held last year in Berlin.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • Montenegro published its draft budget bill for 2015

    MONTENEGRO, 2014/11/19 Montenegro published its draft budget bill for 2015, which includes cutting 7.3 million euro off the public-sector wage bill compared to 2014, reducing the figure to 380 million euros. It comes next the cabinet last week set the 2015 budget at around 1.9 billion euros. The figure is a quarter higher than 2014, to cover loans for highway construction and repayments of previous loans. The bill is a disappointment to trade unions, which last week reiterated their request for an increase in salaries in 2015. Finance Minister Radoje Zugic said that Montenegro could not afford wage rises. “The ministry open to discuss the issue... but we clearly told them that there will not be an increase,” Zugic said.