auto-update week 20

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Yo Robot 2022-05-19 22:12:08 +00:00
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commit 08c22936f2
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},
"Economy": {
"Economic overview": {
"text": "<p>Montenegro's economy is transitioning to a market system. Around 90% of Montenegrin state-owned companies have been privatized, including 100% of banking, telecommunications, and oil distribution. Tourism, which accounts for more than 20% of Montenegros GDP, brings in three times as many visitors as Montenegros total population every year. Several new luxury tourism complexes are in various stages of development along the coast, and a number are being offered in connection with nearby boating and yachting facilities. In addition to tourism, energy and agriculture are considered two distinct pillars of the economy. Only 20% of Montenegros hydropower potential is utilized. Montenegro plans to become a net energy exporter, and the construction of an underwater cable to Italy, which will be completed by the end of 2018, will help meet its goal.</p><p></p><p>Montenegro uses the euro as its domestic currency, though it is not an official member of the euro zone. In January 2007, Montenegro joined the World Bank and IMF, and in December 2011, the WTO. Montenegro began negotiations to join the EU in 2012, having met the conditions set down by the European Council, which called on Montenegro to take steps to fight corruption and organized crime.</p><p></p><p>The government recognizes the need to remove impediments in order to remain competitive and open the economy to foreign investors. Net foreign direct investment in 2017 reached $848 million and investment per capita is one of the highest in Europe, due to a low corporate tax rate. The biggest foreign investors in Montenegro in 2017 were Norway, Russia, Italy, Azerbaijan and Hungary.</p><p></p><p>Montenegro is currently planning major overhauls of its road and rail networks, and possible expansions of its air transportation system. In 2014, the Government of Montenegro selected two Chinese companies to construct a 41 km-long section of the countrys highway system, which will become part of Chinas Belt and Road Initiative. Cheaper borrowing costs have stimulated Montenegros growing debt, which currently sits at 65.9% of GDP, with a forecast, absent fiscal consolidation, to increase to 80% once the repayment to Chinas Ex/Im Bank of a €800 million highway loan begins in 2019. Montenegro first instituted a value-added tax (VAT) in April 2003, and introduced differentiated VAT rates of 17% and 7% (for tourism) in January 2006. The Montenegrin Government increased the non-tourism Value Added Tax (VAT) rate to 21% as of January 2018, with the goal of reducing its public debt.</p>"
"text": "<p>Montenegro's economy is transitioning to a market system. Around 90% of Montenegrin state-owned companies have been privatized, including 100% of banking, telecommunications, and oil distribution. Tourism, which accounts for more than 20% of Montenegros GDP, brings in three times as many visitors as Montenegros total population every year. Several new luxury tourism complexes are in various stages of development along the coast, and a number are being offered in connection with nearby boating and yachting facilities. In addition to tourism, energy and agriculture are considered two distinct pillars of the economy. Only 20% of Montenegros hydropower potential is utilized. Montenegro plans to become a net energy exporter, and the construction of an underwater cable to Italy, which will be completed by the end of 2018, will help meet its goal.</p> <p> </p> <p>Montenegro uses the euro as its domestic currency, though it is not an official member of the euro zone. In January 2007, Montenegro joined the World Bank and IMF, and in December 2011, the WTO. Montenegro began negotiations to join the EU in 2012, having met the conditions set down by the European Council, which called on Montenegro to take steps to fight corruption and organized crime.</p> <p> </p> <p>The government recognizes the need to remove impediments in order to remain competitive and open the economy to foreign investors. Net foreign direct investment in 2017 reached $848 million and investment per capita is one of the highest in Europe, due to a low corporate tax rate. The biggest foreign investors in Montenegro in 2017 were Norway, Russia, Italy, Azerbaijan and Hungary.</p> <p> </p> <p>Montenegro is currently planning major overhauls of its road and rail networks, and possible expansions of its air transportation system. In 2014, the Government of Montenegro selected two Chinese companies to construct a 41 km-long section of the countrys highway system, which will become part of Chinas Belt and Road Initiative. Cheaper borrowing costs have stimulated Montenegros growing debt, which currently sits at 65.9% of GDP, with a forecast, absent fiscal consolidation, to increase to 80% once the repayment to Chinas Ex/Im Bank of a €800 million highway loan begins in 2019. Montenegro first instituted a value-added tax (VAT) in April 2003, and introduced differentiated VAT rates of 17% and 7% (for tourism) in January 2006. The Montenegrin Government increased the non-tourism Value Added Tax (VAT) rate to 21% as of January 2018, with the goal of reducing its public debt.</p>"
},
"Real GDP (purchasing power parity)": {
"Real GDP (purchasing power parity) 2020": {
@ -1020,10 +1020,10 @@
"Communications": {
"Telephones - fixed lines": {
"total subscriptions": {
"text": "191,768 (2020)"
"text": "191,768 (2020 est.)"
},
"subscriptions per 100 inhabitants": {
"text": "30.53 (2020 est.)"
"text": "31 (2020 est.)"
}
},
"Telephones - mobile cellular": {
@ -1062,10 +1062,10 @@
},
"Broadband - fixed subscriptions": {
"total": {
"text": "184,176 (2021)"
"text": "184,176 (2020 est.)"
},
"subscriptions per 100 inhabitants": {
"text": "29.32 (2021)"
"text": "29 (2020 est.)"
}
}
},
@ -1190,7 +1190,7 @@
"stateless persons": {
"text": "458 (mid-year 2021)"
},
"note": "<strong>note:</strong> 21,274 estimated refugee and migrant arrivals (January 2015-April 2022)"
"note": "<strong>note:</strong> 21,385 estimated refugee and migrant arrivals (January 2015-May 2022)"
},
"Illicit drugs": {
"text": "<p>drug trafficking groups are major players in the procurement and transportation of large quantities of cocaine  destined for  European markets</p>"