Business in Montenegro. Montenegrin Economy

1. Introduction to Montenegro (South Eastern Europe, Balkans)
2. Montenegrin Economy: an economy based on the aluminum
3. Business in Podgorica
4. Montenegrin Foreign Trade
5. Investment in Montenegro
6. Access to the Montenegrin Market
7. Business Plan for Montenegro

The objectives of the subject “International Trade and Business in” Montenegro” are the following:

1. To analyze the Montenegrin Economy and Global Trade
2. To know the trade opportunities in the Montenegrin Market
3. To analyze the trade relations of Montenegro with the country of the student
4. To know the Montenegrin Trade Agreements
5. To develop a business plan for the Montenegrin Market

The Subject “Foreign Trade and Business in Montenegro” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: + Montenegro Montenegro Montenegro.

1. Credits of the Subject “Doing Business in Montenegro”: 1
2. Duration: one week

Montenegrin Preferential Access and Trade Agreements:

1. Montenegro and the Orthodox Economic Area
2. Central European Free Trade Agreement (CEFTA)
3. Montenegro-EU
   1. Montenegro is a candidate to join the European Union (EU Enlargement)
   2. Montenegro-European Union Stabilization and Accession Agreement (EU-Western Balkans, EUROMED)
4. Montenegro-EFTA Agreement
5. Montenegro-Ukraine Agreement
6. Montenegro-Russia Agreement
7. Turkey-Montenegro Agreement
8. Adriatic-Ionian Initiative
9. Central European Initiative
10. Regional Cooperation Council

Sample:

1. WTO
   1. GATS
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. COTIF Convention (Rail)
3. BIC
4. Chicago Convention (ICAO)
5. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
6. Customs Convention on Containers
7. Convention on the Harmonization of Frontier Controls of Goods
8. Is not a member of the WCO
   1. Kyoto Convention
9. ICC
10. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
11. CIM / CIT Rules

Europe

1. UNECE
2. OSCE
3. Group of States of the European Council Convention against Corruption

Global Organizations:

1. UN
2. WB
3. WTO
4. IMF

1. Montenegrin Capitals: Podgorica (main city), and Cetiña (historical capital)
2. Official Language of Montenegro: Montenegrin
3. Montenegrin Area: 13,812 km²
4. Montenegrin Population: 621,383 people
5. Type of Government of Montenegro: Parliamentary Republic
6. Borders of Montenegro: Albania, Bosnia and Herzegovina, Croatia, Kosovo and Serbia
7. Montenegrin Independence:
   1. 1992 (Yugoslavia)
   2. 2006 (Federal Republic of Yugoslavia)

Religion in Montenegro: Orthodoxy (Christianity).

1. Islam: 19%

Montenegro belongs to the Orthodox Economic Area.

Montenegrin Economy.

1. Montenegro is a country in transition to a market Economy
2. Aluminum is one of the pillars of the Montenegrin economy along with services
3. Montenegro still suffering from the different wars effects in the Balkans (1990)
4. Montenegro is one of the poorest countries in Europe (12% of the population below the poverty line)
5. Montenegrin GDP per capita: 6,966 dollars
6. Currency of Montenegro: Euro

Montenegrin Foreign Trade.

1. The main Montenegrin Exports are aluminum (exported through Switzerland, accounts for 84% of Montenegrin's total exports)
2. Top Montenegrin Exports destinations: Serbia (23%), Croatia (23%) and Slovenia
3. The main Montenegrin Imports are foods, petroleum products, natural gas, clothes, industrial products
4. The main suppliers of Montenegro: Greece, Italy, Germany, China and Bosnia and Herzegovina

(c) EENI Global Business School (1995-2024)
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