Empirical analysis of industrial operations in Montenegro

Abstract

Since the starting process of transition, industrial production in Montenegro has been faced with serious problems and its share in GDP is constantly decreasing. Global financial crises had in large extent negatively influenced industry. Analysis of financial indicators showed that industry had significant losses, problem of undercapitalisation and liquidity problems. If we look by industry sectors, than situation is more favourable in the production of electricity, gas and water compared to extracting industry and mining. In paper is proposed measures of economic policy in order to improve situation in industry.

Keywords

• industry
• Montenegro
• financial indicators
• recommendations