Montenegro

About 2,000 workers in Montenegro protested Wednesday over the possible closure of a factory owned by embattled Russian tycoon Oleg Deripaska, the Associated Press reported. The workers at aluminum maker KAP, the biggest Montenegrin exporter, defied a police ban and gathered in front of government headquarters to put pressure on …

Montenegro is efficiently fulfilling its Stabilisation and Association Agreement with the EU and is quickly moving towards accession, EU Enlargement Commissioner Olli Rehn says. Speaking in Brussels on Sunday after a meeting with Montenegrin Foreign Minister Milan Rocen, Rehn said Montenegro has strengthened its administrative capacity, implemented legal reforms and …

Montenegro’s biggest exporter, the KAP aluminium plant faces closure, with its foreign bank accounts blocked and an energy company threatening to seize the produced aluminium to pay off debts, according to local media. KAP is the tiny Adriatic country’s biggest exporter, accounting for 40 percent of industrial production and generating …

Montenegro will provide financial aid to ailing aluminium producer KAP, under several conditions, the government said. Early in January, KAP had said it would suspend production by February without government’s support, due to severe losses from high production costs and falling metal prices on the international crisis. Local media later …

Podgorica. Montenegro might apply for an International Monetary Fund /IMF/ loan provided that the country’s economic growth is between 2.5% and 0% in 2009, which is below the previous forecast of 5%, said Minister of Finance Igor Luksic. “We are nearing a very low economic growth of between 0% and …