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International Press Clipping


Reuters: FDI falls across West Balkans, except Montenegro

SARAJEVO, Dec 10 (Reuters) - Western Balkans countries should work together to attract foreign investors, as capital inflows have fallen sharply this year in all countries except Montenegro, foreign investment promoters said on Thursday. The foreign direct investment (FDI) in the region amounted to 4.5 billion euro ($6.62 billion) in Jan-Sept, a deep decline from the previous year, mainly due to the global economic downturn and the grim outlook for the region still outside the European Union...



(ANSAmed) - ROME, DECEMBER 14 - In the elections which last March gave him his sixth mandate, the Prime Minister of Montenegro, Milo Djukanovic, asked voters for, and obtained, a strong Europeanist mandate. Now Djukanovic is leading a country that is travelling along the road towards integration with Europe and Nato and in an interview given to ANSA today said he expected to obtain candidate country status from Brussels in 2010...


Reuters: Interview - Montenegro leader sees slow economic recovery

PODGORICA, Dec 7 (Reuters) - Montenegro's economy will emerge from recession in mid-2010 and grow about 0.5 percent for the year after suffering a big slowdown this year, the prime minister said on Monday. After growing 10.7 percent in 2007 and 7.5 percent in 2008, the former Yugoslav republic of 650,000 has seen investment slow, exports fall and the global economic crisis shrink its GDP by about 4 percent this year, Milo Djukanovic told Reuters in an interview...


Montenegro: EU should accept Balkans by 2014

Associated Press
2009-12-09 07:20 PM

Montenegro's prime minister is urging the European Union to grant membership to all west Balkan countries before the 100th anniversary of the outbreak of World War I in 1914. Milo Djukanovic has told The Associated Press it's the only way to ensure stability in the region where WWI broke out after the heir to the Austro-Hungarian throne, Archduke Ferdinand Maximilian, was assassinated in Sarajevo. The region also saw a series of wars in the 1990s that killed over 100,000 people...


NATO Puts Montenegro on Membership Path, Delays Bosnia

Dec. 4 (Bloomberg) -- NATO took another step toward expanding in southeastern Europe by putting Montenegro on the path to membership, while saying the time isnt yet ripe for Bosnia-Herzegovina. The trans-Atlantic military alliance, which waged two bombing campaigns in the Balkans as Yugoslavia disintegrated in the 1990s, said Bosnia is handicapped by political strife between its Serbian and Muslim-Croatian factions...


Montenegro: EUR 27 million for national solid waste system

The European Investment Bank (EIB) and Montenegro have signed in Podgorica a EUR 27 million loan in favour of the solid waste management sector. The loan will be implemented through the Ministry of Spatial Planning and Protection of the Environment and will co-finance the first phase of the creation of a national sustainable solid waste management system in line with European Union (EU) standards and directives.


Fill your ski-boots in Montenegro

With the ski season about to kick off - and holidaymakers still conscious of their spending - its an ideal time to check out the snowy slopes of Montenegro. The little country on the Adriatic has some of the best value ski holidays in Europe and also some of the most spectacular scenery. Known mainly for its gorgeous sun-kissed coastline Montenegro is also blessed with incredible mountain scenery, lakes and the longest canyon in Europe, through which the unspoilt Tara river flows...


Swiss Orascom Development to build Montenegro resort

CAIRO, Oct 24 (Reuters) - Swiss-based developer Orascom Development ORDH.CA(ODHN.S: Quote, Profile, Research) will develop a resort town on the Adriatic coast in Montenegro that will include hotels and an 18-hole golf course, the company said in a statement. Orascom said the project would also include a marina, a town centre, commercial facilities and 2,350 residential units built over 6.8 million square metres on the Lustica peninsula in the town of Tivat. It did not say how much it would cost...


FORBES: Italy may invest billions in Montenegro energy

Italian investors are ready to invest up to 5 billion euros ($6.95 billion) in energy projects in Montenegro, the Italian minister for economic development, Claudio Scajola, said on Tuesday. After meeting Montenegrin Prime Minister Milo Djukanovic in the capital Podgorica, Scajola said 'investors are also interested in installing an undersea electric power cable between Italy and Montenegro...



Montenegro's parliament has approved a new government that is led by longtime Prime Minister Milo Djukanovic. In a vote late Wednesday, 48 of 81 lawmakers in parliament approved the 21-member Cabinet that includes ministers from four pro-Western parties...