For current reports go to EASY FINDER



Books on Montenegro


Key Economic Data 
  2003 2002 2001 Ranking(2003)
Millions of US $
GNI per capita
 US $ 106
Ranking is given out of 208 nations - (data from the World Bank)

Update No: 110 - (27/07/06)

Post-independence euphoria
At the moment the Montenegrins are still celebrating their new-found independence. Montenegro formally celebrated its independence on July 12th following a referendum that voted to break from long-time partner Serbia, despite reluctance from Belgrade.
In a referendum on May 21st this year, about 55.5 per cent of voters supported independence for the small Balkan republic which had previously been in a federation with Serbia. In June, independence was proclaimed and also recognized by the EU. 
Also, polls have shown that many former opponents of Montenegrin independence now supported a sovereign state. 
President Filip Vujanovic and Prime Minister Milo Jukanovic led the campaign for a 'yes' vote. They said that independence would improve the Adriatic state's economy and international relations.
Foreign Minister Miodrag Vlahovic said big challenges faced the new state with its approximately 620,000 population. 'We must show now that the independent statehood we demanded in past years was not merely for its own sake.' 
The most important aim was an improvement in the legal system. 'We must prove that we are a country in which the political structures are transparent, and the government is aware of its responsibility.' 

NATO and EU membership beckon 
Montenegro wants to be a member of NATO in three years' time, Vlahovic said in an interview in the Vienna newspaper Die Presse. 
'At the latest in September, we want to continue the talks with the EU about a stabilization and association agreement, and in about three years we want to be a NATO member,' Vlahovic said. 
Asked about the deep split in Montenegrin society in the independence question, he said the best way towards reconciliation between the two camps was 'a joint European agenda.' 
'Ninety per cent of Montenegrins have the view that accession to the EU must be the highest strategic goal. That links us all,' Vlahovic said. 

IMF membership too
Montenegro has applied to join the International Monetary Fund following its secession, the IMF said on July 21st. But for now, the IMF said it would continue to recognise Serbia as the continuing state of the old "Serbia and Montenegro" with full membership rights in the Washington-based organisation. 
The IMF said in a statement that it had received a membership application from Montenegro on July 18th, and the application would be considered "in due course." 
In the meantime, "Serbia continues the membership of the former Serbia and Montenegro in the International Monetary Fund and retains all of this member's quota in the Fund, and all assets in, and liabilities to, the IMF." 
If Montenegro's bid wins approval from the IMF board of governors, which represents the body's full membership, it would become the Fund's 185th member. 

Montenegro Elections to Be Held September 10th
President Filip Vujanovic and Prime Minister Milo Jukanovic led the campaign for a 'yes' vote. They said that independence would improve the Adriatic state's economy and international relations. President Vujanovic has set the date September 10th for the parliamentary and local elections at 12 municipalities, according to Montenegrin newspaper, Vijesti.
From the statements the leaders of the parties represented in parliament made after holding consultations with the President, it may be concluded that most of them wanted the elections to take place at the very end of the legal term, which runs out October 5th.
Using his constitutional and legal authority Filip Vujanovic set a date for the elections at which the constituents will vote for 81 MPs, as well as for municipal councillors and chairs of municipalities of Andrijevica, Bar, Beran, Bijelo Polje, Danilovgrad, Kolasin, Plav, Pluzine, Plevlja, Rozaje, Ulcin and Savnik.
The people will also vote for municipal councillors and mayor of the capital, as well as for members of the municipal parliaments of Golubovac and Tuzi.
For more than a decade, Montenegro's government has been dominated by Prime Minister Milo Djukanovic's Democratic Party of Socialists. 
Djukanovic, who also led Montenegro's drive for independence from Serbia, is widely considered a favourite for the September election.
Vujanovic said campaigning for the vote could start and last until September 8th.

Green Party forms
New parties are also coming onto the scene. The Green Party of Montenegro was established in late July, which in coalition with some other small party will take part in the elections. This is what the party's founder Dragan Hajdukovic stated, cited by the Montenegrin newspaper, Pobeda.
Dragan Hajdukovic explained that at the moment they have been collecting signatures and added that the constituent assembly was held in town of Cetinje. 
The Green Party is the fourth new party to take part in the elections in the autumn, the newspaper notes.

« Top


Platform set on free flow of goods with Serbia 

The Montenegrin government has set a platform for an agreement with Serbia on the free flow of people, goods, services and capital, to maintain the current situation in these fields, Italian news agency ANSA reported. 
Assistant Interior Minister, Svetozar Djurovic, told journalists after the government session that the platform will be sent to the Serbian government very soon. 
Djurovic pointed out that the Montenegrin government wished to maintain the current status quo to avoid certain problems, adding that this will be the government's starting point in the talks with Serbia. He explained that this means fully open borders and the free flow of people, goods and capital. When asked whether he expected problems in the negotiations, he failed to give a specific answer, but said there was the possibility of several agreements being signed. 
Moreover, the two countries' finance ministers and central bank governors recently reached an agreement in principle, according to which Serbia will keep its membership in international financial organisations and return to Montenegro some of the funds it used for their previous joint membership. In Podgorica, the finance ministers of Serbia and Montenegro, Mladjan Dinkic and Igor Luksic, the Chairman of the Council of the Central Bank of Montenegro Ljubisa Krgovic and the governor of the National Bank of Serbia Radovan Jelasic agreed about the division of property inherited from the former SFR Yugoslavia, ANSA reported. 
According to the agreement, Serbia will continue its membership of the IMF, the World Bank, European Bank for Reconstruction and Development (EBRD) and of the Development Bank of the Council of Europe with the existing quota, that is, membership investment. "We agreed for Serbia to pay Montenegro US$260,000, which this republic paid when the state union became a member of the EBRD," Dinkic was quoted as saying. Luksic said he expected the IMF and the World Bank to transform the membership of Serbia-Montenegro into that of Serbia and verify Montenegro as a new member, in September or October this year, at the latest.

« Top

« Back


Published by 
Newnations (a not-for-profit company)
PO Box 12 Monmouth 
United Kingdom NP25 3UW 
Fax: UK +44 (0)1600 890774