Mark Horner

The SME Market in Montenegro

What is a Small to Medium Enterprise in Montenegro?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well.

SMEs in Europe are defined as having a Staff head-count of between 10 and 250 employees, or a sales turnover (revenue) of between €2 m EUR and €50 m EUR, or a Balance sheet total of between €2 m EUR and €43 m EUR (assets).

Small and medium-sized enterprises (SMEs) are the backbone of Europe's economy. They represent 99% of all businesses in the EU. They employ around 100 million people, account for more than half of Europe’s GDP and play a key role in adding value in every sector of the economy. SMEs bring innovative solutions to challenges like climate change, resource efficiency and social cohesion and help spread this innovation throughout Europe’s regions. They are therefore central to the EU’s twin transitions to a sustainable and digital economy. They are essential to Europe’s competitiveness and prosperity, industrial ecosystems, economic and technological sovereignty, and resilience to external shocks. 

  🇲🇪 EUR [1.1838 GBP]    Europe/Podgorica
The  SME Market in Montenegro
Image: rozaje

How big is the SME Market in Montenegro?

Small and medium-size enterprises play an important role in the economy of Montenegro. They outnumber large firms considerably, employ large numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Montenegro has a population of over 622,100 people.

What help is available for SMEs in Montenegro?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.

The Small Business Act for Europe (SBA) is the EU’s flagship policy initiative to support small and medium-sized enterprises, It comprises a set of policy measures organised around 10 principles ranging from entrepreneurship and ‘responsive administration’ to internationalisation.

Entrepreneurship and SMEs The Small Business Act for Europe (SBA)

Europe

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.

The Small Business Act for Europe (SBA) is the EU’s flagship policy initiative to support small and medium-sized enterprises, It comprises a set of policy measures organised around 10 principles ranging from entrepreneurship and ‘responsive administration’ to internationalisation.


Montenegro has links with Albania
🇲🇪 Ulcinj🇦🇱 Berat     🇲🇪 Ulcinj🇦🇱 Durrës     🇲🇪 Bar🇦🇱 Elbasan     🇲🇪 Bar🇲🇪 Cetinje🇦🇱 Shkodër    
Montenegro has links with Armenia
🇲🇪 Podgorica🇦🇲 Yerevan    
Montenegro has links with Bosnia and Herzegovina
🇲🇪 Herceg Novi🇧🇦 Banja Luka     🇲🇪 Budva🇧🇦 Bijeljina     🇲🇪 Nikšić🇧🇦 Bileća     🇲🇪 Herceg Novi🇧🇦 Centar     🇲🇪 Nikšić🇧🇦 Foča     🇲🇪 Herceg Novi🇧🇦 Foča     🇲🇪 Nikšić🇧🇦 Gacko     🇲🇪 Pljevlja🇧🇦 Gračanica     🇲🇪 Nikšić🇧🇦 Gradačac     🇲🇪 Nikšić🇧🇦 Jajce     🇲🇪 Tivat🇧🇦 Konjic     🇲🇪 Herceg Novi🇧🇦 Kotor Varoš     🇲🇪 Budva🇧🇦 Laktaši     🇲🇪 Nikšić🇧🇦 Nevesinje     🇲🇪 Cetinje🇧🇦 Novo Sarajevo     🇲🇪 Podgorica🇧🇦 Sarajevo     🇲🇪 Nikšić🇧🇦 Sokolac     🇲🇪 Budva🇧🇦 Stari Grad     🇲🇪 Nikšić🇧🇦 Trebinje     🇲🇪 Herceg Novi🇧🇦 Trebinje     🇲🇪 Nikšić🇧🇦 Tuzla     🇲🇪 Cetinje🇧🇦 Velika Kladuša    
Montenegro has links with Bulgaria
🇲🇪 Kolašin🇧🇬 Lovech     🇲🇪 Herceg Novi🇧🇬 Loznitsa     🇲🇪 Kotor🇧🇬 Nesebar     🇲🇪 Rožaje🇧🇬 Pernik     🇲🇪 Cetinje🇧🇬 Veliko Tǎrnovo    
Montenegro has links with Switzerland
🇲🇪 Rožaje🇨🇭 Pfäffikon    
Montenegro has links with China
🇲🇪 Nikšić🇨🇳 Chifeng     🇲🇪 Bar🇨🇳 Hongkou     🇲🇪 Tivat🇨🇳 Jiading     🇲🇪 Berane🇨🇳 Wuhan     🇲🇪 Budva🇨🇳 Zigong    
Montenegro has links with Cyprus
🇲🇪 Cetinje🇨🇾 Larnaca    
Montenegro has links with Czech Republic
🇲🇪 Kotor🇨🇿 Děčín     🇲🇪 Budva🇨🇿 Prague 4     🇲🇪 Kotor🇨🇿 Přerov     🇲🇪 Budva🇨🇿 Valašské Meziříčí    
Montenegro has links with Germany
🇲🇪 Bar🇩🇪 Nuremberg    
Montenegro has links with Spain
🇲🇪 Nikšić🇪🇸 Girona    
Montenegro has links with France
🇲🇪 Rožaje🇫🇷 Betton     🇲🇪 Herceg Novi🇫🇷 Vauréal    
Montenegro has links with Greece
🇲🇪 Bar🇬🇷 Corfu     🇲🇪 Cetinje🇬🇷 Nafplio     🇲🇪 Podgorica🇬🇷 Naousa     🇲🇪 Cetinje🇬🇷 West Achaea    
Montenegro has links with Croatia
🇲🇪 Nikšić🇭🇷 Koprivnica     🇲🇪 Budva🇭🇷 Makarska     🇲🇪 Herceg Novi🇭🇷 Osijek     🇲🇪 Budva🇭🇷 Pakrac     🇲🇪 Nikšić🇭🇷 Rab     🇲🇪 Cetinje🇭🇷 Rijeka     🇲🇪 Cetinje🇭🇷 Split     🇲🇪 Tivat🇭🇷 Trogir     🇲🇪 Kotor🇭🇷 Trogir     🇲🇪 Nikšić🇭🇷 Zadar     🇲🇪 Podgorica🇭🇷 Zagreb    
Montenegro has links with Hungary
🇲🇪 Herceg Novi🇭🇺 Szeged     🇲🇪 Kotor🇭🇺 Szeged     🇲🇪 Plevjevla🇭🇺 Tököl    
Montenegro has links with Indonesia
🇲🇪 Podgorica🇮🇩 Manokwari    
Montenegro has links with Italy
🇲🇪 Podgorica🇮🇹 Bari     🇲🇪 Herceg Novi🇮🇹 Barletta     🇲🇪 Nikšić🇮🇹 Brindisi     🇲🇪 Kotor🇮🇹 Campomarino     🇲🇪 Herceg Novi🇮🇹 Guglionesi     🇲🇪 Tivat🇮🇹 Mola di Bari     🇲🇪 Budva🇮🇹 Petacciato     🇲🇪 Budva🇮🇹 Rimini     🇲🇪 Tivat🇮🇹 San Giacomo degli Schiavoni     🇲🇪 Cetinje🇮🇹 Santa Severina     🇲🇪 Cetinje🇮🇹 Spoleto     🇲🇪 Berane🇮🇹 Teramo    
Montenegro has links with Luxembourg
🇲🇪 Berane🇱🇺 Dudelange    
Montenegro has links with North Macedonia
🇲🇪 Cetinje🇲🇰 Bitola     🇲🇪 Herceg Novi🇲🇰 Bitola     🇲🇪 Tivat🇲🇰 Karpoš     🇲🇪 Rožaje🇲🇰 Kavadarci     🇲🇪 Nikšić🇲🇰 Kumanovo     🇲🇪 Nikšić🇲🇰 Ohrid     🇲🇪 Budva🇲🇰 Ohrid     🇲🇪 Nikšić🇲🇰 Prilep     🇲🇪 Podgorica🇲🇰 Skopje     🇲🇪 Nikšić🇲🇰 Strumica     🇲🇪 Nikšić🇲🇰 Želino    
Montenegro has links with Netherlands
🇲🇪 Danilovgrad🇳🇱 Roosendaal    
Montenegro has links with Norway
🇲🇪 Herceg Novi🇳🇴 Kristiansand     🇲🇪 Herceg Novi🇳🇴 Levanger    
Montenegro has links with Poland
🇲🇪 Danilovgrad🇵🇱 Grodzisk Mazowiecki    
Montenegro has links with Romania
🇲🇪 Cetinje🇷🇴 Sinaia    
Montenegro has links with Serbia
🇲🇪 Nikšić🇷🇸 Arilje     🇲🇪 Herceg Novi🇷🇸 Bačka Topola     🇲🇪 Budva🇷🇸 Belgrad     🇲🇪 Herceg Novi🇷🇸 Beočin     🇲🇪 Bar🇷🇸 Bor     🇲🇪 Herceg Novi🇷🇸 Čajetina     🇲🇪 Danilovgrad🇷🇸 Crvenka     🇲🇪 Berane🇷🇸 Čukarica     🇲🇪 Budva🇷🇸 Čukarica     🇲🇪 Bar🇷🇸 Kragujevac     🇲🇪 Bar🇷🇸 Kula     🇲🇪 Nikšić🇷🇸 Lazarevac     🇲🇪 Cetinje🇷🇸 Mali Iđoš     🇲🇪 Bar🇷🇸 Mali Iđoš     🇲🇪 Herceg Novi🇷🇸 Mali Zvornik     🇲🇪 Nikšić🇷🇸 New Belgrade     🇲🇪 Podgorica🇷🇸 Novi Pazar     🇲🇪 Tivat🇷🇸 Novi Sad     🇲🇪 Budva🇷🇸 Novi Sad     🇲🇪 Bar🇷🇸 Požarevac     🇲🇪 Kolašin🇷🇸 Prijepolje     🇲🇪 Nikšić🇷🇸 Ražanj     🇲🇪 Tivat🇷🇸 Sremski Karlovci     🇲🇪 Kotor🇷🇸 Stari Grad     🇲🇪 Kotor🇷🇸 Subotica     🇲🇪 Tivat🇷🇸 Ub     🇲🇪 Nikšić🇷🇸 Valjevo     🇲🇪 Budva🇷🇸 Velika Plana     🇲🇪 Cetinje🇷🇸 Vranje     🇲🇪 Nikšić🇷🇸 Vrbas     🇲🇪 Budva🇷🇸 Vrnjačka Banja     🇲🇪 Herceg Novi🇷🇸 Zaječar     🇲🇪 Herceg Novi🇷🇸 Zemun    
Montenegro has links with Russia
🇲🇪 Tivat🇷🇺 Aleksin     🇲🇪 Budva🇷🇺 Eastern AO     🇲🇪 Cetinje🇷🇺 Kostroma     🇲🇪 Bar🇷🇺 Kursk     🇲🇪 Budva🇷🇺 Petropavlovsk-Kamchatsky     🇲🇪 Bar🇷🇺 Podolsk     🇲🇪 Danilovgrad🇷🇺 Serpukhov     🇲🇪 Herceg Novi🇷🇺 Volgorechensk    
Montenegro has links with Sweden
🇲🇪 Podgorica🇸🇪 Kista     🇲🇪 Podgorica🇸🇪 Stockholm    
Montenegro has links with Slovenia
🇲🇪 Nikšić🇸🇮 Bovec     🇲🇪 Budva🇸🇮 Celje     🇲🇪 Budva🇸🇮 Kamnik     🇲🇪 Nikšić🇸🇮 Koper     🇲🇪 Herceg Novi🇸🇮 Kranj     🇲🇪 Bar🇸🇮 Maribor     🇲🇪 Nikšić🇸🇮 Murska Sobota     🇲🇪 Herceg Novi🇸🇮 Novo Mesto     🇲🇪 Tivat🇸🇮 Piran    
Montenegro has links with Slovak Republic
🇲🇪 Budva🇸🇰 Banská Bystrica     🇲🇪 Herceg Novi🇸🇰 Senec    
Montenegro has links with Turkey
🇲🇪 Podgorica🇹🇷 Ankara     🇲🇪 Rožaje🇹🇷 Bayrampaşa     🇲🇪 Bar🇹🇷 Bornova     🇲🇪 Bijelo Polje🇹🇷 Burhaniye     🇲🇪 Cetinje🇹🇷 Gaziantep     🇲🇪 Bar🇹🇷 Küçükkuyu     🇲🇪 Rožaje🇹🇷 Kütahya     🇲🇪 Budva🇹🇷 Yalova    
Montenegro has links with Ukraine
🇲🇪 Danilovgrad🇺🇦 Donetsk     🇲🇪 Cetinje🇺🇦 Kharkiv     🇲🇪 Budva🇺🇦 Kyiv     🇲🇪 Herceg Novi🇺🇦 Odesa     🇲🇪 Kolašin🇺🇦 Slovianoserbsk    
Montenegro has links with USA
🇲🇪 Herceg Novi🇺🇸 New Castle     🇲🇪 Kotor🇺🇸 Santa Barbara     🇲🇪 Budva🇺🇸 West Palm Beach    
Montenegro has links with Kosovo
🇲🇪 Berane🇲🇪 Gusinje🇲🇪 Berane🇽🇰 Peja     🇲🇪 Gusinje🇽🇰 Peja     🇲🇪 Herceg Novi🇽🇰 Prizren