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Montenegro

Montenegro 2005

Many Montenegrins wonder what kind of world they will wake up to if, as their political leaders expect, their small former Yugoslav republic next year declares full independence from neighbouring Serbia. - -

Content

Freedom is gateway to the future

The republic is looking beyond uneasy union with Serbia to the European Union.

Economy: Sale of slumbering, poisonous giant is key to awakening growth

Rusal of Russia has agreed to buy KAP, the aluminium complex which is central both to the republic’s economy and to its future, despite all the liabilities that come with the company.

Banking: State stake hangs over managers

Conditions are improving, but the aspirations of the sector are still at odds with realities.

Politics: Serb pressure taints relations

The EU may have handed some victories to Podgorica but Belgrade overshadows union.

The north: Poor region gives its vote on independence

An area that Serbia sees as a likely ally for its anti-independence rhetoric may still surprise Belgrade if Podgorica plays its cards right.

Tourism: Expected rapid growth tests infrastructure

If the sector can make good years of dire under investment the rewards are immense.

Sveti Stefan: Flawed jewel that could still be pearl of Mediterranean

New management could save Sveti Stefan.

ProMonte: Bouncing back from disappointment

More than any other foreign investor, Norway’s Telenor has learned the hard way the dangers of placing blind trust in Montenegro’s state officials.