Business in Montenegro, Podgorica

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Syllabus of the Subject - Doing Business in Montenegro. Podgorica (Course, Master).

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
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
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

Description of the Subject: Doing Business in Montenegro

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Montenegro

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
7. Montenegro is a candidate to join the European Union (EU Enlargement)

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

International Economic Relations of Montenegro

1. Central European Free Trade Agreement (CEFTA)
2. Montenegro-European Union Stabilisation and Accession Agreement (EU-Western Balkans, EUROMED)
3. Montenegro-European Free Trade Association (EFTA) Free Trade Agreement
4. Montenegro-Ukraine Free Trade Agreement
5. Montenegro-Russia Free Trade Agreement
6. Adriatic-Ionian Initiative
7. Central European Initiative (CEI)
8. Regional Cooperation Council
9. Organisation of the Black Sea Economic Cooperation (BSEC)
10. United Nations
11. International Chamber of Commerce
12. World Bank
13. World Trade Organisation
14. Economic Commission for Europe (UNECE)
15. Convention Relating to Temporary Admission
16. International Monetary Fund (IMF)
17. Organisation for Security and Cooperation in Europe (OSCE)
18. International Rail Transport Committee (CIT)
19. Intergovernmental Organisation for International Carriage by Rail (OTIF)
20. Group of States of the European Council Convention against Corruption (GRECO)

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

(c) EENI Global Business School
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