Montenegro Travel Guide - Business

• GDP: US$2.27 billion (2006 estimate).
• Main imports: Machinery and transport equipment, fuels and lubricants, and manufactured goods.
• Main exports: Manufactured goods, food, live animals and raw materials.
• Main trade partners: Switzerland, Italy, Germany, Bosnia & Herzegovina, Serbia.

Montenegro was the smallest of the six constituent republics of the former Yugoslavia. Civil war and economic sanctions in the 1990s halved its economic output, and destroyed much of its infrastructure and industrial capacity. However, since the fall of Slobodan Milosevic in 2000 the economic outlook has brightened. In 2005, economic growth was 4.1%, inflation 1.8% and unemployment 18.4%.

Agriculture is now mainly geared to domestic consumption. The country has a resilient mining industry that produces coal, copper ores, bauxite and more. However, service industries will be the future of Montenegro's economy. Tourism in particular is expected to grow at 10% annually until 2016.

Suits should be worn. Communication is not a major problem, as English is popular as a second language.

Office hours: Mon-Fri 0700/0800-1500/1600.

Chamber of Economy of Montenegro
Foreign Economic Relations Sector, Novaka Miloseva 29, 81000 Podgorica, Montenegro
Tel: (81) 210 110 or 230 545.
Website: www.pkcg.org