Montenegro - Media Review – November 9

VIJESTI

- Montenegro might need to spend more than the recent average annual 130 million euro for electricity imports in each of 2009 and 2010 as international power prices have already started rising, the head of the development sector in local power utility EPCG Srdjan Stojanovic said. The country imports a third of the electricity it consumes.

RTCG

- Six of the 11 Montenegrin banks made 23.95 million euro loss in the January-September period, 11% down from a year ago, the country's central bank said.

- Montenegrin hotel operator Korali will split into two companies. Its shareholders are due to vote on the restructuring on December 5. The company’s net loss widened almost three times to 3.85 million euro in 2008.

($=0.6668 euro)