Describes what a company needs to know to take advantage of e-commerce in the local market and covers prominent B2B websites.
The legal framework for E-commerce in Montenegro includes the E-commerce Law (2004), Electronic Document Law (2008) and the Electronic Signature Law (2005). Since 2014, the most prominent online payment system in the world, PayPal is available in Montenegro, but only for payments from the country. The adopted legislation promotes the secure and efficient utilization of electronic communication by specifying requirements for certain electronic signatures and authorizing the issuance of certificates for electronic signatures.
Statistics regarding the use of computers, broadband penetration, and e-commerce are improving. According to Internet World Stats (IWS), 74 percent of Montenegrins are frequent users of the Internet. Due to the increased awareness of the consumer and the demand, B2C sites and has increased in the past few years. Today there are banking, bill payment, consumer products and grocery shopping through Montenegro.
The Government considers the further development of the digital economy one of its priorities. Montenegro has made mild progress on its digital agenda to date.