Over 20,000 companies in Montenegro face financial blockade, total debt reaches 1.37 billion EUR
, NewsAccording to data from the Central Bank of Montenegro (CBCG), as of the end of January, 20,910 companies and entrepreneurs were in financial blockade, representing a 0.03% increase compared to the end of December.
The total amount of debt for which accounts were blocked reached 1.37 billion EUR, a 1.26% rise compared to December.
The concentration of debt is relatively high, as reported by the CBCG, with the top ten largest debtors, or 0.05% of all registered entities, accounting for 32.71% of the total blocked amount. These ten debtors have blocked accounts totaling 448.85 million EUR.
According to the data, 51.86% of the total blocked amount, or 711.76 million EUR, belongs to the 50 largest debtors, who make up 0.24% of all registered entities.
A total of 1,740 debtors, whose accounts were blocked for up to one year, owed 23.47 million EUR, which accounts for 1.71% of the total blocked amount.
More than one year of blockage affected 19,170 companies or entrepreneurs, with a total of 1.35 billion EUR in blocked funds.
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