The Republic of Montenegro, Capital Podgorica

montenegroMontenegro’s parliament declareindependence from the State Union of Serbia and Montenegro.Its capital and largest city is Podgorica, while Cetinje is designated as the Prijestonica, meaning the former Royal Capital City.The official language in Montenegro is Montenegrin. The official residence of the President is in Cetinje. The current Prime minister is Milo Đukanović. The government is headed by the Prime Minister, and consists of the deputy prime ministers as well as ministers.It is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast, and Albania to the southeast. It lies between latitudes 41° and 44° N, and longitudes 18° and 21° E

Montenegro has a population size of 0.6 million, the total area size of Montenegro is 14,026 km2.Montenegro has a GDP of US$ 5 billion in the 2015 estimate. Its currency is Euro.Classified by the World Bank as a middle-income country, Montenegro is a member of the UN, the World Trade Organization, the Organization for Security and Co-operation in Europe, the Council of Europe, the Central European Free Trade Agreement and a founding member of the Union for the Mediterranean. Montenegro also is a candidate for joining the European Union and NATO. In January 2007, Montenegro joined the World Bank and IMF. Montenegro became the 156th member of World Trade Organization in December 2011.

Montenegro has two international airports, Podgorica Airportand Tivat Airport.

The Port of Bar is Montenegro’s main seaport.

Montenegro was also listed in “10 Top Hot Spots of 2009” to visit by Yahoo Travel, describing it as “Currently ranked as the second fastest growing tourism market in the world (falling just behind China)”

Montenegro’s economy relies heavily on tourism and the export of refined metals.The first factories were built in Montenegro in the first decade of the 20th century, followed by wood mills, an oil refinery, a brewery, and electric power plants. As a relatively small principality and kingdom, Montenegro made its first steps towards an industrial economy only at the turn of the 20th century. The causes for this relative delay lay in the small population, lack of raw materials, underdeveloped transport network and comparatively low rate of investment. However, this delay in industrialization had its positive effects – Montenegro survived as a specific ecological oasis.