The Airports of Montenegro, ACG, has taken austerity measures following the suspension of all commercial flights due to the coronavirus outbreak by...
Tag - austerity measures
We are currently negotiating with seven renowned business banks – SocGen, J.P. Morgan, Erste Bank, Banca Intesa, Bank of America Merrill Lynch...
Fiscal consolidation measures are an inevitable element of our overall economic development strategy and they don’t represent a partial whim of the...
According to Predrag Sekulic, the chairman of parliamentary Committee on Economy, Finances and Budget, the increased VAT rate from 19% to 21% as of...
We expect the economy to grow by more than 4% in 2017 and we are not considering introducing new austerity measures next year. However, we will...
Retail prices of cigarettes, alcohol beverages and soft drinks will be higher as of 1 July due to excise tax increase, the Fiscal Strategy...
Head of the IMF mission to Montenegro Martin Petri said that the country would be in debt crisis without austerity measures the government is...
In order to consolidate public finances, Montenegro increases VAT again after four years. Thus, after the initial increase from 17% to 19%, the new...
The government of Montenegro has defined the second stage of fiscal consolidation measures, which include an increase in excise duties and in the...
Prime minister Dusko Markovic met World Bank vice president Cyril Miller on Thursday. Markovic said that the budget deficit would be eliminated by...
The government is currently drafting a fiscal strategy aimed at achieving further savings in the budget, which should not jeopardise the businesses...
Women working in the government and the entire state administration did not receive any 8 March present this year, unlike many previous. The...
Finance minister Darko Radunovic told Pobjeda newspaper that he doubts there would be any room for further correction of the proposed reduction in...
Government officials who turn 10, 20, 30 or 40 years of service in the next three months will have their salaries increased, since the government...