Eastern European Business and Economics Journal

The Capital Market of Montenegro and the Prospects for its Integration into the EU



Julia Stefanova


Stefanova J. 2015. The Capital Market of Montenegro and the Prospects for its Integration into the EU. Eastern European Business and Economics Journal 1(3): 2-18.


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Bogdan CĂPRARU, Alexandru Ioan Cuza University of Iasi, Romania;

Zheng FANG, Southwestern University of Finance and Economics, China;

Scott William HEGERTY, Northeastern Illinois University, USA.



The purpose of the report is to analyze the current state of development and the main barriers in front of the effective functioning of the capital market of Montenegro (candidate country for EU membership) on the basis of economic analysis of quantitative and qualitative indicators. The research includes results of empirical testing of main economic factors, influencing the development of this capital market. In the course of the research are outlined the main problematic aspects in front of the Montenegro capital market in view of its future integration into EU.



EU capital markets, integration, stock exchange development






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