Small and young companies have difficult access to financing in Montenegro. Own funds, financial help from family members or friends were until recently the only way to expand micro and small businesses. This method of financing is no longer the only solution.
It is known that the Montenegrin financial market is very bank-centric. The main sources of financial resources come from banks, and the main financial instrument used in business is credit. This trend has existed for many years, so companies in the market are used to…
In the first six months of the current year, the growth of Montenegrin companies' interest in factoring services has been evident. Accounts receivable management in the unpredictable economic environment caused by the COVID-19 pandemic in Montenegro also turned out to be much more relevant, and, as expected, more challenging, compared to more stable periods of economic activity.
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© 2021, Financial Solutions.
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© 2020, Financial Solutions.
All rights reserved
