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Montenegro - MSN Encarta Montenegro is bounded on the north by Bosnia and Herzegovina, on the east by Serbia, on the south by Albania, and on the southwest by the Adriatic Sea. Montenegro’s few regions suitable for farming are in river valleys, mainly the one along the Zeta River; on the plain around Lake Scutari in the southwest; and near the town of Cetinje. The Montenegrin economy suffered from the effects of the wars of Yugoslav succession (1991-1995), particularly from economic sanctions imposed on the FRY in response to its support for warring Serbs in Bosnia and Herzegovina. encarta.msn.com /encyclopedia_761555558/Montenegro.html   (550 words)

An overview of  Montenegro property. Montenegro is divided into three regions: coastal, central and mountain. Montenegro severed its economy from federal control and from Serbia during the Milošević era. The complexity of Serbia and Montenegro's political relationships, slow progress in privatisation, and stagnation in the European economy are holding back the economy. vestaland.com /Montenegro_property_information.htm   (789 words)

Trip to the Alpe-Balkan-Adria Region 2003 Small, impossibly mountainous place, like Montenegro, with population the size of Vermont, would be easy to manage if it is moved apart from its poorer and much more numerous neighbors Serbia and Kosovo. Montenegro would have a chance to get in the EU sooner than Serbia - just like Slovenia will before Croatia - but that would not be bad for Serbia: on the contrary, Montenegrin experience could be used to accelerate Serbian accession. While Montenegro and other former Yugoslav republics were fighting wars, Slovenia built highways, and today it looks like Germany in the seventies. balkansnet.org /montenegro-t3.html   (662 words)

Economy of Montenegro - Wikipedia, the free encyclopedia The first factories were built in Montenegro in the first decade of the 20th century, followed by wood mills, an oil refinery, a brewery, and electric power plants. During the communist era, Montenegro experienced a rapid period of urbanization and industrialization. The financial losses under the adverse effects of the UN sanctions on the overall economy of Montenegro are estimated to be approximately $6.39 billion. en.wikipedia.org /wiki/Economy_of_Montenegro   (894 words)

Economy Until several years ago, Montenegro was the country whose economy was based on the public (socially-owned) property. The Act Of Modifications Of And Supplements To The Act Of Privatization Of Economy provides that all the citizens of age of the Republic of Montenegro be entitled to vouchers. The road network of Montenegro is 5,227 km, of which 1,729 km are modern arterial and regional roads while the rest are local. www.montenegro.yu /english/ekonomija/ekonomija.htm   (710 words)

Serbia and Montenegro - MSN Encarta The secession of four republics of the former Yugoslav state in the early 1990s and the ensuing wars of Yugoslav succession seriously damaged the economy of Serbia and Montenegro. Following a peace agreement that brought the war in Bosnia to an end, the UN lifted the sanctions against Serbia and Montenegro in October 1996. The agricultural sector remains central to the region’s economy. encarta.msn.com /encyclopedia_761579562_4/Serbia_and_Montenegro.html   (668 words)

Montenegro - Economy The republic of Montenegro severed its economy from federal control and from Serbia during the MILOSEVIC era and continues to maintain its own central bank, uses the euro instead of the Yugoslav dinar as official currency, collects customs tariffs, and manages its own budget. Montenegro is pursuing its own membership in the World Trade Organization as well as negotiating a Stabilization and Association agreement with the European Union in anticipation of eventual membership. Montenegro has privatized its large aluminum complex - the dominant industry - as well as most of its financial sector, and has begun to attract foreign direct investment in the tourism sector. www.exxun.com /Montenegro/e_ec.html   (492 words)

Overview of Economy - The WorldWide-Tax.Com Serbia and Montenegro are members of a number of organizations such as UNESCO, UNIDO, IBRD, EBRD, IMF, the UN and WTO (observer status). The main imports into Serbia and Montenegro in 2004 were from Germany (approximately 19%) Italy (approximately 18%) and from Austria (approximately 9%). Unemployment rate forecast for Serbia and Montenegro for 2004 is 31.9%, an extremely high rate in relation to the accepted rate in the West. www.worldwide-tax.com /serbia_montenegro/ser_over_economy.asp   (394 words)

USATODAY.com - Independent Montenegro faces a tough road ahead   (Site not responding. Last check: 2007-09-22) Montenegro's economy has been almost fully dependent on the fl market since the troubled 1990s, when both Serbia and Montenegro faced international sanctions over their roles in the Balkan wars. Montenegro's tourism, based on soaring mountains and a stunning Adriatic Sea coastline, is the tiny state's main economic trump card. Djukanovic said Montenegro would seek U.N. membership in September, and he hoped it would be first in line to join the EU after Romania, Bulgaria and Croatia. www.usatoday.com /news/world/2006-05-22-montenegro-serbia_x.htm   (814 words)

MONTENEGRO   (Site not responding. Last check: 2007-09-22) Montenegro is wedged firmly against the northwestern border of Albania on the placid southern Adriatic coast. At the time of the 1991 census its population was 615.276; in 1995 the republic had an estimated population of 708.248. Montenegro was also affected by the diversion of men, medicines, and economic resources during the war. www.montenegrina.com /Montenegro/Montenegro.htm   (502 words)

Zala Volcic In November of 1999 the Government of Montenegro therefore took what it considered to be the 'least' offensive measure that would still protect its economy and introduced the DM, initially in parallel to the dinar. The Government of Montenegro did not intend to introduce its own national currency, but it hoped that the DM would soon become de facto the currency of Montenegro. Switching to the DM/euro stabilised the economy, but the real incomes of the population are so low that it has become extremely difficult to pursue reforms without external assistance (the same goes on in Bosnia!!!). www.colorado.edu /ibs/GAD/seminar/volcic/volcic5.htm   (742 words)

Steven Beck - IPR in Montenegro at OnlineRock Montenegro was one of the six republics of the former Yugoslavia. The Constitutional Charter of Serbia and Montenegro includes a provision that allows either republic to hold a referendum after three years that would allow for their independence from the state union. She was extremely graceful and gave us a good background on why Montenegro was taking on IPR and what hurdles they needed to overcome. www.onlinerock.com /guest/montenegro.shtml   (1886 words)

Serbia and Montenegro Economy - overview - Economy   (Site not responding. Last check: 2007-09-22) The smaller republic of Montenegro severed its economy from federal control and from Serbia during the MILOSEVIC era and continues to maintain its own central bank, uses the euro instead of the Yugoslav dinar as official currency, collects customs tariffs, and manages its own budget. Kosovo's economy continues to transition to a market-based system, and is largely dependent on the international community and the diaspora for financial and technical assistance. This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. www.indexmundi.com /serbia_and_montenegro/economy_overview.html   (432 words)

Montenegro.com - Montenegro Accommodation - Montenegro Real Estate - Montenegro Disapora - Welcome to Montenegro Montenegro belongs geographically to the central Mediterranean and is located one hour's flight from Rome or Budapest or an hour and a half from Zurich. Montenegro may also be entered via the border crossings in the ports of Bar, Budva, Kotor and Herceg Novi which have sea links with the world. The most promising and probably the most profitable section of the economy of Montenegro is tourism. www.montenegro.com /en/Welcome_to_Montenegro.html   (765 words)

Economy of Serbia and Montenegro - Wikipedia, the free encyclopedia Serbia and Montenegro was a confederated union which existed between 2003 and 2006. The economy of Serbia and Montenegro entered a prolonged decline in 1989. GDP was nowhere near its 1991 level, but the NATO bombing in 1999 of the basic infrastructure of the country and many factories, as well as a renewed embargo caused a further huge drop in GDP in relation to the 1991 level. en.wikipedia.org /wiki/Economy_of_Serbia_and_Montenegro   (643 words)

Serbia Economy The economy of Yugoslavia entered a prolonged decline in 1998. During this period, Montenegro rejected the dinar and adopted the German mark (now the Euro) as its official currency. Furthermore, international investment is still lagging in Serbia and Montenegro, as a result of both domestic and international investment climates. www.multied.com /NationbyNation/Serbia/Economy.html   (316 words)

Serbia and Montenegro - Economy MILOSEVIC-era mismanagement of the economy, an extended period of economic sanctions, and the damage to Yugoslavia's infrastructure and industry during the NATO airstrikes in 1999 left the economy only half the size it was in 1990. An agreement rescheduling the country's $4.5 billion Paris Club government debts was concluded in November 2001 - it wrote off 66% of the debt - and the London Club of private creditors forgave $1.7 billion of debt, just over half the total owed, in July 2004. The complexity of Serbia and Montenegro political relationships, slow progress in privatization, legal uncertainty over property rights, scarcity of foreign-investment, and a substantial foreign trade deficit are holding back the economy. www.exxun.com /SerbiaandMontenegro/e_ec.html   (773 words)

Montenet - Economy of Montenegro: Economic Development The causes for this relative delay lie in the small population, lack of raw materials, underdeveloped transport, reduced investments, and probably mostly due to the national effort to insure independence and the historical survival of the state. The first factories were built in Montenegro in the first decade of the XX century, followed by wood mills, an oil refinery, a brewery, and the electric power-plants. These projects are expected to achieve rapid economic development, as well as accelerating the transition of Montenegrin economy by attracting foreign investment, after the outer wall of UN sanctions is lifted, and Montenegro and Yugoslavia (or one of them) are reintegrated in the international financial community. www.montenet.org /econ/ecdevel.htm   (875 words)

STATEMENT OF MEMBERS OF THE MONTENEGRIN EXPERT GROUP ON ECONOMIC, SOCIAL AND MONETARY ISSUES   (Site not responding. Last check: 2007-09-22) It is evident that both Montenegro and Serbia sell their goods and make their earnings in other markets, which confirms a need for wider regional integrations. Following the explanation that the average tariff rate in Montenegro is 3% and in Serbia it is 10.5%, that Montenegro has no need to protect its economy by high import duties, and the fact that Montenegro has its own Customs Law, the EU representatives did not have any additional arguments. The Montenegrin expert team expressed its disagreement with regard to the reservations of the EU representatives relating to the introduction of the Euro in Montenegro since returning to the dinar and to a single monetary policy (which would create the possibility of printing money), would be disastrous for the economy of Montenegro. www.montenegro.org /expert_group.html   (640 words)

AEnews - Albania greets Montenegro’s Independence   (Site not responding. Last check: 2007-09-22) Tirana, May 25 (AENews) – Albanian Prime Minister, Sali Berisha greeted recently the Independence of Montenegro, by saying that now the cooperation between our two countries would be strengthened even further. “Montenegro’s Independence opened a wide door for cooperation with this country, as will happen will the independence of Kosova,” Berisha said. Albania – Montenegro relations started to improve greatly after 1999, when Potgorica and Tirana officials decided to remove the visa system for the citizens of both countries. www.albanianeconomy.com /content/view/164/37   (162 words)

Montenegro.com - Montenegro Accommodation - Montenegro Real Estate - Montenegro Disapora Seismological Observatory of the Republic of Montenegro was founded in 1960, with the main task of seismic monitoring and researching of seismic activity of the Montenegro territory. The Central Bank of Montenegro was established on the basis of the Law on Central Bank of Montenegro, passed by the Parliament of the Republic of Montenegro in November 2000. Chamber of Economy of Montenegro was founded more than seventy years ago as Chamber of Manufacture and Trade of Montenegro. www.montenegro.com /component/option,com_nxtlinks/catid,76   (649 words)

Montenegro tourism set to fly with airport loans [EBRD - Story] One main bottleneck for tourism development in this former Yugoslav republic is the lack of capacity at its airport in the capital, Podgorica and another in the coastal town of Tivat. To help Montenegro overcome the transport hurdle, the EBRD and the European Investment Bank are investing €11 and €11.5 million respectively in airport improvements in Podgorica and Tivat. When Erika Fustuos arrived to assume her job as the airline’s manager in Montenegro, things were so cramped that her office was created by partitioning off a bit of hallway. www.ebrd.com /new/stories/2005/050517.htm   (901 words)

Forum on Economic Development in Serbia and Montenegro After these events and years of socialist rule, the introduction of a free market economy was painful and slow for Serbia and Montenegro. The economy of what is now a loose union of Serbia and Montenegro is damaged but there are signs of recovery. Theresa Grencik is the Serbia and Montenegro Desk Officer at the Office of South Central European Affairs, Bureau of European and Eurasian Affairs, U.S. Department of State. www.gwu.edu /~rpsol/forum_serbia_monte_descrip.htm   (586 words)

Economy - Serbia and Montenegro - (Legal500.com) The economy was badly damaged by the mismanagement of the Milosevic years, which, combined with the damage caused to infrastructure and industry during the Kosovo war, and a lengthy period of economic sanctions, diminished the economy to only half the size it was in 1990. The Republic of Montenegro has a separate and much smaller economy than Serbia, with lower unemployment at about 22%, to Serbia's approximately 30%. The economy's development has been slowed by the complexity of Serbia and Montenegro's political relationships, and ponderous progress in privatisation. www.icclaw.com /lfe/edit/yu5.htm   (255 words)

Washington Promises Economic Aid To Montenegro   (Site not responding. Last check: 2007-09-22) BRUSSELS, Belgium — The United States pledged Tuesday to prop up the economy of Montenegro, Serbia’s rebellious junior partner in a Yugoslav federation battered by years of bloody upheaval in the Balkans. U.S. Treasury Secretary Lawrence Summers said Washington would be in favor of sending economic aid to Montenegro, which has become increasingly vocal in its calls for more independence in a reformed federation. Montenegro is engaged in tough negotiations with Belgrade for a bigger share of resources as well as political power. www.agitprop.org.au /stopnato/19990715usaid.htm   (549 words)

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