Montenegro
In-depth country-focused analysis on Montenegro's economic, political and operational risk environment, complemented by detailed sector insight

Our comprehensive assessment of Montenegro's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Montenegro, as well as the latest industry developments that could impact Montenegro's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Montenegro before your competitors.

Country Risk

Montenegro Country Risk

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Core Views 

  • As accession talks get underway, Montenegro will need to adhere to the EU's acquis communitaire accumulated legislation, which will require the incorporation and implementation of all EU norms and regulations into the country's legal system. Given the still substantial gap that needs to be bridged between the Montenegrin and EU legal systems, we expect that accession talks will last at least until the latter half of the decade.

  • The ruling Democratic Party of Socialists (DPS) faces a growing rift with its junior coalition partner over the selection of a mayor for Podgorica. However, their disagreements at local level will not impede their cooperation at national-level government.

  • The fallout from the bankruptcy of Montenegro's largest industrial plant - Kombinat Aluminijuma Podgorica AD...

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Montenegro Industry Coverage (1)

Telecommunications

Montenegro Telecommunications

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BMI View : Despite being one of the smallest telecoms markets in the central and eastern European (CEE) region , Montenegro stands out for its high mobile penetration rate. This has led to several quarters of declining subscriptions, which we believe will lead to operators reviewing and changing their strategies. This can make it difficult to forecast subscriber growth as we see more of a change from prepaid focus to postpaid. Given the market's dynamics, we see little point in licensing a fourth operator as the government desires. As expected in a heavily mobile-centric market, fixed-line demand is in decline...

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