EENI Global Business School

Business in Montenegro, Podgorica

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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 “International Trade and 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

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

The Subject “Foreign Trade and Business in Montenegro” belongs to the following Online Higher Educational 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, Masters, Doctorates, Courses, 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 and Foreign Trade in English + Study Master Doctorate in International Business in Spanish Montenegro Study, Course Master Doctorate in International Business in French Montenegro Masters Foreign Trade in Portuguese Montenegro.

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

Description: Foreign Trade and Business in Montenegro

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 (FTA)
  6. Montenegro-Russia Free Trade Agreement (FTA)
  7. Turkey-Montenegro Free Trade Agreement
  8. Adriatic-Ionian Initiative
  9. Central European Initiative (CEI)
  10. Regional Cooperation Council (RCC)

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

Foreign Trade Facilitation. TFA Agreement. Customs. Payments. Global Supply Chain

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


  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

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

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

(c) EENI Global Business School (1995-2021)
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