Mediterranean climate, hot dry summers and autumns and relatively cold winters with heavy snowfalls inland

highly indented coastline with narrow coastal plain backed by rugged high limestone mountains and plateaus

highest population density is concentrated in the south, southwest; the extreme eastern border is the least populated area

parliamentary republic

civil law

a red field bordered by a narrow golden-yellow stripe with the Montenegrin coat of arms centered; the arms consist of a double-headed golden eagle - symbolizing the unity of church and state - surmounted by a crown; the eagle holds a golden scepter in its right claw and a blue orb in its left; the breast shield over the eagle shows a golden lion passant on a green field in front of a blue sky; the lion is a symbol of episcopal authority and harkens back to the three and a half centuries when Montenegro was ruled as a theocracy

"Oj, svijetla majska zoro" (Oh, Bright Dawn of May)

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 Montenegro’s GDP, brings in three times as many visitors as Montenegro’s 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 Montenegro’s 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. 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. 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. 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 country’s highway system, which will become part of China’s Belt and Road Initiative. Cheaper borrowing costs have stimulated Montenegro’s growing debt, which currently sits at 65.9% of GDP, with a forecast, absent fiscal consolidation, to increase to 80% once the repayment to China’s 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.

state-funded national radio-TV broadcaster operates 2 terrestrial TV networks, 1 satellite TV channel, and 2 radio networks; 4 local public TV stations and 14 private TV stations; 14 local public radio stations, 35 private radio stations, and several on-line media (2019)

expenditures here