Montenegro and European Union

montenegro_illustration4bis.jpgOne of the goals of this blog is to follow international media and present some of the interesting news and articles related to Montenegro and Western Balkans region. Since Montenegro currently fears of the possible closedown of its Aluminium Plant Podgorica (known as KAP), I wanted to share with you implications of this possible issue. Aluminium Plant -KAP accounts for 50% of Montenegro’s export, which means that closure may significantly affect Montenegrin economy!

Russian billionaire tycoon – Oleg Deripaska plans to shut down the KAP, since global economic crisis affected his businesses, too. Currently “experts debates” are being held in Montenegro, discussing the possible implications of KAP’s closure.

In the meantime, I recommend reading those articles from international press who reported about the issue:

Financial Times – Oligarch’s battle clouds an economy

The Independent – Financial trouble grows for oligarch with friends in high places

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