Montenegro | ESM Magazine

Montenegro’s Retail Leaders See Profit Surge In 2023

Montenegro's top five retail chains collectively surpassed €1 billion in revenue in 2023, while profit grew 61% year-on-year to €31.4 million.

Fortenova Group To Get New Ownership Structure

Croatia-based food producer and retailer Fortenova Group is set to undergo a significant ownership restructure following the approval by its shareholders t...

Discounter Lidl Set To Enter Four Balkan Markets

Discounter Lidl is in the process of entering the markets of Bosnia and Herzegovina, Montenegro, North Macedonia and Kosovo, following the rollout of succe...

Montenegro’s Voli Secures EBRD Funding To Decarbonise Operations

Montenegro’s largest food retailer, Voli, has secured a €4 million loan from the European Bank for Reconstruction and Development (EBRD) to impr...

Fortenova Group Seeks Investors For Retail And Food Business

Croatia-based Fortenova Group has invited potential investors interested in purchasing the group’s food, retail and agriculture businesses in the For...

Five Largest Retailers In Montenegro See Profits More Than Double

The combined total profit of the five largest retail chains in Montenegro amounted to €19.4 million in 2022, a 122% increase on the €8.7 million...

Mercator Expands In Montenegro With Franca Marketi Acquisition

Montenegro’s Agency for the Protection of Competition (AZK) has approved the acquisition of local supermarket chain Supermarketi Franca by Mercator-C...