Montenegro | ESM Magazine

Mercator Group Reports Revenue Of €2.17bn In FY 2020

Slovenian retailer Mercator Group has reported overall revenue growth of 1.6%, to €2.17 billion, in its 2020 financial year, while retail re...

Coronavirus Impacts Revenues of Montenegro-Based Retailers

The 2020 financial performance of the four largest grocery retailers in Montenegro have been negatively impacted by the COVID-19 pandemic, new data has sho...

Mercator Group Sees 2% Revenue Growth In First Nine Months

Slovenia's Mercator Group has reported 2.1% growth in revenue to €1.6 billion, including retail revenue of €1.3 million, in the first n...

Voli Denies Sale to Lidl, Plans Regional Expansion

Montenegro-based supermarket chain Voli has rejected speculation that it is to be sold to German discounter Lidl. Speaking to local daily Vijesti, a com...

Mercator Group Sees Profit, Revenue Growth in Q1

Mercator Group has reported a net profit of €1.1 million in the first quarter of 2020, compared to a net loss of €3.7 million in the correspondin...

Voli Leads The Way In Montenegro, Study Finds

Retailer Voli ended 2019 as the leading large-scale operator in Montenegro in terms of revenue and profit, a study has found. According to data publishe...

Mercator Plans To Open 28 New Stores in 2020

Mercator Group has budgeted €44 million for investments in 2020, of which 57% will be allocated to investments in Slovenia. The retail group plans...

Montenegro's Voli Announces €10 Million EBRD Loan

Voli, Montenegro's largest retailer, has announced that it has received a €10 million loan from the European Bank for Reconstruction and Development (...