Milojko Spajic

Montenegrin Education Minister Accused of Insulting Minorities

Montenegrin Minister of Education Vesna Bratic at a pro-government support protests in Podgorica. Photo: Facebook/Milos Vujovic

At the protests, Bratic said that only the current government can sign a fundamental agreement with the Serbian Orthodox Church, and it couldn't be done either by minority parties or the opposition Social Democratic Party and Social Democrats.

Krivokapić dismisses Abazović; Protest in front of the Montenegrin Government VIDEO

The initiative was signed by 31 deputies, and the backbone consists of representatives of the Civic Movement URA headed by Dritan Abazovic.
The motion said they "will not simulate processes, delay and destroy the majority's will of citizens who want stability, reforms and the path to the European Union".

Montenegro Reduces Currency Risk on Costly Chinese Highway Loan

The first phase of Bar Boljare highway in Montenegro. Photo: Government of Montenegro

The Chinese loan for the first phase of Bar-Boljare highway has imposed a heavy burden on Montenegro's public finances.

Minister of Finance and Social Care Milojko Spajic said an arrangement was made with two unnamed US banks and one from France, converting the loan from US dollars to euros.

Cash-Strapped Montenegro Borrows Biggest Loan in Decades

PM Zdravko Krivokapic with ministers after the government session in Podgorica. Photo: Government of Montenegro

On Wednesday, the Ministry of Finance and Social Care clarified that the country took the loan from BofA Securities, Citigroup, Erste and the Société General group, adding that it will be repaid over seven years at 2.95 per cent interest.