Montenegro - Media Review – December 30

RTCG

- The shareholders of Montenegro’s Prva Banka took a decision for a 10 million euro capital hike, which will follow shortly. They also dismissed the chairman of the board of directors, Kazimir Pregl, over his poor cooperation with the central bank.

- Around 60 mine workers of Montenegrin mining company Rudnici Boksita have gone into the bauxite pit and said they will remain under the ground until the owner pays them four monthly wage arrears. Economy Minister Branko Vujovic said striking in mine pits is forbidden by law and called the miners to get out and not risk their health and lives, especially when the pit has not been in operation for a year. He added the government has the assurance of the Russian owner, CEAC, two wage arrears will be paid by the New Year.

- The Montenegrin central bank chief economist, Nikola Fabris, said the change in the gross domestic product next year will move in the range of minus 2.0% to plus 2.0% as a key factor will be whether the country will build or not a major 2.77 billion euro motorway. He also said a regular International Monetary Fund mission will visit Montenegro in January.