An Introduction to Montenegro
Montenegro has strong links to Serbia and between a quarter and a third of its population are Serbs. Duklja, an early Kingdom in the region, was conquered by the Serbs in the twelfth century, and the area later fell under Ottoman, Austrian and Venetian influence before being recognised as independent in the mid-19th century. After the Second World War it joined Titos Yugoslavian Republic, t'en was briefly joined in a smaller union with Serbia as the larger federation broke up. It voted for independence in a narrow referendum in 2006. See full country profile.Latest Research News from Europe (Other)
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GOVERNMENT: Parliamentary republic
AREA: 13,812 sq km
POPULATION: 625,266 (July 2011 est.)
MAJOR LANGUAGE: Official Language: Montenegrin
Some business and general info
The Market Research Industry
Trade and Industry in Montenegro
The royal family was rehabilitated in 2011 with Crown Prince Nicholas II at its head - he has the official role of promoting Montenegrin identity, culture and traditions through cultural, humanitarian and other non-political activities. The statute affirming this reinstatement is based on the belief that their dethroning was contrary to the Constitution of the Kingdom of Montenegro, a violent act of annexation in the year 1918.
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Montenegro has strong links to Serbia and between a quarter and a third of its population are Serbs. Duklja, an early Kingdom in the region, was conquered by the Serbs in the twelfth century, and the area later fell under Ottoman, Austrian and Venetian influence before being recognised as independent in the mid-19th century. After the Second World War it joined Titos Yugoslavian Republic, t'en was briefly joined in a smaller union with Serbia as the larger federation broke up. It voted for independence in a narrow referendum in 2006.
Montenegros mountains and position relative to the sea and the Balkan peninsula contribute to its being one of the world's hotspots for biodiversity - its mean number of species per square km is the highest for any European country. Economically, it remains well below the European average in GDP and there are problems with corruption, but a rapidly-growing tourist sector is helping growth.
GDP: $7.1 bn (2011 est.); $11,545 per capita
Religions Eastern Orthodox 72%, Muslim 19.1%, Catholic 3.4% (2011 census)
Currency: Euro
Telephone Code: + 382
Montenegros mostly service-based economy is recovering from the impact of the break-up of Yugoslavia, and UN economic sanctions. The country's industrial; sector developed after WWII, and since the 1980s trade, international shipping and tourism have grown in importance. The Yugoslavian break-up meant the loss of protected markets, with extreme poverty and hyperinflation two of the results in the early 1990s smuggling on a massive scale was also a feature of this time.
A loosening of ties with Serbia in the late 90s was followed by privatisation, economic reform and the adoption of the Euro. The growth of tourism and a real estate boom have helped the country's outlook to improve further.
2011 exports of $640m mostly consisted of manufactured goods, raw materials and agricultural produce with the main export partners (2009 figures) being Serbia 17.5%, Hungary 16.9%, Croatia 10.1% (2009). Serbia are also Montenegros biggest Import partner making up 28.4% in 2009, with Greece 7.9% and Bosnia and Herzegovina 7.6% also important. Montenegros biggest imports are fuels and lubricants, machinery and transport, chemicals and manufactured goods.
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