Flag description:
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 symbol of episcopal authority and harks back to the three and a half centuries that Montenegro was ruled as a theocracy
National anthem:
name: "Oj, svijetla majska zoro" (Oh, Bright Dawn of May)
lyrics/music: Sekula DRLJEVIC/unknown, arranged by Zarko MIKOVIC
note: adopted 2004; the anthem's music is based on a Montenegrin folk song
Economy ::Montenegro
Economy - overview:
Montenegro severed its economy from federal control and from Serbia during the MILOSEVIC era and maintained its own central bank, adopted the Deutchmark, then the euro - rather than the Yugoslav dinar - as official currency, collected customs tariffs, and managed its own budget. The dissolution of the loose political union between Serbia and Montenegro in 2006 led to separate membership in several international financial institutions, such as the European Bank for Reconstruction and Development. In January 2007, Montenegro joined the World Bank and IMF. Montenegro is pursuing its own membership in the World Trade Organization and signed a Stabilization and Association agreement with the European Union in October 2007. The European Council granted candidate country status to Montenegro at the December 2010 session. Unemployment and regional disparities in development are key political and economic problems. Montenegro has privatized its large aluminum complex - the dominant industry - as well as most of its financial sector, and has begun to attract foreign direct investment in the tourism sector. The global financial crisis has had a significant negative impact on the economy, due to the ongoing credit crunch, a decline in the real estate sector, and a fall in aluminum exports.
GDP (purchasing power parity):