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THE LARGEST WINE PRODUCER OF MONTENEGRO IS ON THE BRINK OF BANKRUPTCY

... the company has faced significant challenges - the traditional export of products to more than 30 countries around the world has declined. Sales, which were previously estimated at 17 million bottles per year, significantly fell. Due to the pandemic, Montenegro lost many tourists in 2020 and a whole market for importing wine with them. Along with the global economic reasons associated with the pandemic, one of the factors of the company's losses could be the anti-Russian sanctions that were previously imposed by the republic's authorities. It was indicated last summer by the leader of the local opposition, Zdravko Krivokapich, who later became the prime minister. Krivokapic claims that the main tourist flow to Montenegro ...

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