The overall costs of the highway project are estimated at about 45% of the country’s gross domestic product, out of which about 25% of GDP relate to the still-to-be funded three sections, Moody’s said on Mach 6.
Montenegro’s debt-to-GDP at the end of 2019 stood at about 79% of GDP, higher than the median of “B1”-rated sovereigns of around 41% of GDP, Moody’s noted.
Standard & Poor’s credit rating for Montenegro stands at “B+”, also with with a stable outlook.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
