Podgorica, Herceg Novi Municipality, Montenegro

🇲🇪 Podgorica (Подгорица) is the capital and largest city of Montenegro.

The city was previously known as Titograd (Титоград). Podgorica's favourable position at the confluence of the Ribnica and Morača rivers and at the meeting-point of the fertile Zeta Plain and Bjelopavlići Valley has encouraged settlement. The city is close to winter skiing centres in the north and to seaside resorts on the Adriatic Sea.

Economy Podgorica Municipality is home to 30% of the country's population and is the nation's administrative centre and its economic, cultural, and educational focus. Most of Montenegro's industrial, financial, and commercial base is in Podgorica. Major industries include aluminium and tobacco processing, textiles, engineering, vehicle production, and wine production. Other businesses include government and service sectors, tourism, financial institutions, along with telecommunications carriers, and media outlets.

The large presence of government and service sectors spared the economy of Podgorica from prolonged stagnation in the late 2000s recession, which hit Montenegro hard. Although in mid-2014, some 30% of Montenegro's citizens lived in Podgorica, the municipality accounted for 44% of the country's employed. Out of the entire mass of paid net salaries in Montenegro in that year, some 47% was paid in Podgorica. The average monthly net salary in May 2014 was €509 in Podgorica municipality.