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Business news Montenegro and China Sign Cooperation Agreements on Economy, Agriculture, Culture, Wine Export Montenegro and China signed agreements on agriculture, economy, wine export and culture, on 30th March, in Podgorica. These agreements are expected to lead to even closer relations between the two countries and reflect a strong determination to boost already good and friendly mutual relations at all levels. It is an important fact that China’s foreign investments amounted to US $ 68 billion in 2011, and represented China as the world's fastest-growing major economy. Montenegro is, therefore, very interested in attracting Chinese investors; many have already been invited to take part in projects related to thermal and hydro power plants, tourism, maritime and road infrastructure. The Chinese Vice-Premier said that Montenegro had been a great partner to date, both politically and economically. Source: www.gov.me
IPA 2011 Financing Agreement Signed in Podgorica The Chief Negotiator for EU accession and the Director for Montenegro, Croatia, Macedonia, Turkey and Iceland at the Directorate General for Enlargement, signed the IPA 2011 Financing Agreement worth €43 million. It consists of €25.5 million in grant aid from the EU and €16.5 million contributed by the Government. The agreement envisages the implementation of 16 projects, all in areas that are of significant importnace regarding Montenegro’s EU bid. The IPA programme for Montenegro includes 3 priorities and 16 projects; all of these are to be enforced in the areas of rule of law, public administration reform, environmental protection, transport, agriculture and rural development, and social issues. The biggest project within the agreement, which is worth €9 million, is the construction of a waste-water treatment system for the municipalities of Bijelo Polje and Cetinje. Source: www.seenews.com
Set of Trainings within the Network of Mentors for Women Entrepreneurs With the purpose of supporting entrepreneurship and private sector development in Montenegro, the center for Entrepreneurship and Economic Development (CEED) in partnership with the Montenegrin Chamber of Commerce, financially supported by the EU (DG Enterprise and Industry), have started the project “Network of Mentors for Women Entrepreneurs in Montenegro”. The objective of the national network of mentors for women entrepreneurs is to encourage and inspire women to develop their own businesses through personal and professional development. Within the project, a set of trainings aimed to improve business skills are planned to be held by the end of the year. The next training Employment and Motivation of Key People in a Company is to be held on 28th of April, 2012 in Podgorica. Source: www.visit-ceed.org.me
Montenegro and Azerbaijan to Strengthen Cooperation Bilateral cooperation between Montenegro and Azerbaijan is very good; it should, however, be strengthened in the near future in areas such as the economy, culture and tourism. The appointment of a non-resident Montenegrin ambassador to Azerbaijan and the opening of an Azerbaijani diplomatic office will contribute to enhancing political dialogue and to promoting overall cooperation between the two countries. Azerbaijani investors are interested in Montenegro which has become a very attractive business destination. Source: www.gov.me
Gross Premiums for Insurance Amounted to €4.557 Million Gross premiums for insurance in Montenegro, in January 2012, amounted to €4.557 million. The dominant share of insurance that is not life insurance was still the major component of the gross premium total and represented 89.78%. The figure represented by life insurance was 10.22%. In the overall structure of gross premiums, the largest share was held by Lovćen which represented 44.4%. This was followed by Sava Montenegro with 17.18% and then Delta Generali with 12.88%. The three insurance companies that represented the highest total premiums on 31st January 2012, collectively held 74.47% of the market share. Source: www.portalanalitika.me
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