EENI Global Business School
Business in Montenegro, Podgorica

Syllabus of the Subject - Foreign Trade and Business in Montenegro. Podgorica

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

The objectives of the Subject “Doing Business in Montenegro” are the following:

  1. To analyse the Montenegrin Economy and Foreign Trade (Import, Export, FDI)
  2. To know the business opportunities in the Montenegrin Market
  3. To analyse the trade relations of Montenegro with the country of the student
  4. To know the Montenegrin Free Trade Agreements
  5. To develop a business plan for the Montenegrin Market
The Subject “Foreign Trade and Business in Montenegrobelongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Doctorates: European Business, World Trade
  2. Masters: Business in Europe, International Business, Foreign Trade
  3. Course: Business in the EFTA Countries

Montenegro, Master, International Business, Foreign Trade Masters and Doctorates in International Business adapted to the Montenegrin students

Online Students, Master in International Business and Foreign Trade

Learning materials in Courses, Masters, Doctorates in International Business in English + Study Master Doctorate Business in Spanish Montenegro Study, Master in International Business in French Montenegro Masters Foreign Trade in Portuguese Montenegro.

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

Description of the Subject: Foreign Trade and Business in Montenegro

European Free Trade Association (EFTA)-Montenegro Free Trade Agreement

Montenegrin Preferential Access and Free Trade Agreements

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

International Trade Facilitation Programs

  1. World Trade Organisation (WTO)
    1. WTO General Agreement on Trade in Services (GATS)
    2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
    3. WTO Agreement on Technical Barriers to Trade (TBT)
    4. WTO Agreement on Preshipment Inspection (PSI)
    5. WTO Agreement on Safeguards (SG)
    6. WTO Trade Facilitation Agreement (TFA)
  2. Convention concerning International Carriage by Rail (COTIF)
  3. International Bureau of Containers and Intermodal Transport (BIC)
  4. International Civil Aviation Organisation (ICAO, Chicago Convention)
  5. International Maritime Organisation (IMO)
    1. International Convention for Safe Containers (CSC)
    2. Convention Relating to Temporary Admission (Istanbul Convention)
  6. Customs Convention on Containers (CCC, UN)
  7. International Convention on the Harmonization of Frontier Controls of Goods (UNECE)
  8. Is not a member of the World Customs Organisation (WCO)
    1. Revised Kyoto Convention (RKC)
  9. International Chamber of Commerce (ICC)
  10. International Road Transport Union (IRU)
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  11. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT)

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Trade Relations European Union-Western Balkans: Albania, Bosnia and Herzegovina, the Former Yugoslav Republic of Macedonia, Montenegro, Serbia and Kosovo

European Trade and Economic Organisations of Montenegro

  1. Economic Commission for Europe (UNECE)
  2. Organisation for Security and Cooperation in Europe (OSCE)
  3. Group of States of the European Council Convention against Corruption (GRECO)

Global Organisations

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD)
    2. International Trade Centre (INTRACEN)
    3. World Intellectual Property Organisation (WIPO)
  2. World Bank (WB)
  3. World Trade Organisation (WTO)
  4. International Monetary Fund (IMF)


  1. Montenegrin Capitals: Podgorica (main city), and Cetiña (historical capital)
  2. Official Language of Montenegro: Montenegrin
  3. Montenegrin Area: 13,812 square kilometres
  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. Aluminium 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

Central European Free Trade Agreement (CEFTA)

Montenegrin Foreign Trade.

  1. The main Montenegrin Exports are aluminium (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

Examples of the Subject - Foreign Trade and Business in Montenegro:

European Union Enlargement: Macedonia, Albania, Bosnia and Herzegovina, Montenegro, Serbia, Kosovo and Turkey

Adriatic-Ionian Initiative (Bosnia, Croatia, Slovenia, Serbia...)

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