Montenegro: KAP to get government aid

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 …

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Montenegro considers IMF agreement

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 …

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