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Doing Business in Montenegro

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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 aluminum;
  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 “International Trade and Business in” Montenegro” are the following:

  1. To analyze the Montenegrin Economy and Global Trade;
  2. To know the business 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.

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

Online Course Business in CEFTA Countries

E-learning Course Master Doctorate, Asian Student, International Business

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

Doctorate (DIB): European Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Masters (MIB): International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Learning materials in Courses, Masters, Doctorate 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.

Montenegro, Masters, Doctorate, Courses, International Business, Foreign Trade Masters and Doctorate in International Business adapted to the Montenegrin students.

International Trade and Business in Montenegro

Market Access - Free Trade Agreements. Online Education (Courses, Masters, Doctorate)

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 Stabilization 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. 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

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

  1. World Trade Organization (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 Organization (ICAO, Chicago Convention);
  5. International Maritime Organization (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 Organization (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).

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

European Trade and Economic Organizations of Montenegro

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

Global Organizations:

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

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 kilometers;
  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.

Online Education (Courses, Masters, Doctorate): Orthodox Christianity, Ethics and Global Business

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. 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.

Central European Free Trade Agreement (CEFTA)

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

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.


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