Nikšićka Banka
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Nikšićka Banka
Prva banka Crne Gore AD is a Montenegrin bank. Formerly known as Nikšićka banka AD, the bank was renamed in March 2007. Prva banka CG assumes continuity from a bank, existing under various forms of ownership, that was founded in 1901. History In 1901, Niksic Saving Bank was the first bank in Montenegro. It got its name from the city in which it was founded. Beginning a more progressive society and the city was also driving business growth, and the founding of the Montenegrin brewery "Onogost" in 1896, and the First Niksic Saving Bank in 1901, also meant the beginnings of industrial and banking capital. This was a key moment in the further development of Niksic industry and society. The promoter of the First Niksic Saving Bank (originally called First Niksic Money Cooperative) was Joco Petrovic, a renowned finance expert. At the incorporation general meeting on 6 January 1901, an interim board of directors included traders, craftsmen, and aristocrats, voted in favour of a d ...
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Private Bank
Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes#The Revocation of the Edict of Nantes, Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. Notable private banks This list contains two types of banks: * Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s). * Incorporated banks specialized in wealth management for high-net-worth individuals. China *Bank of Communications, founded in 1908 *China Merchants Bank France * Compagnie Fin ...
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Šavnik
Šavnik ( cnr, Шавник, ) is a town in Montenegro and administrative center of the Šavnik Municipality. It is located at the confluence of three rivers - Bukovica, Bijela and Šavnik, at an altitude of 840 meters. It is the lowest lying settlement in the municipality. History Unlike most settlements in the area, which date back several centuries, Šavnik is relatively new, founded only in 1861. It was populated by migrants from other parts of Montenegro and Herzegovina, mostly craftsmen, merchants, riflers and blacksmiths, which were needed by local farmers. The area was overgrown with willows, which the newly formed town was named after (šavice – willow branches or seams, which were used as a roof covering). Before the construction of first houses on the site of today's town, there were two mills on Šavnik River. The first three houses that were built in Šavnik were a tavern with a shop, rifle repair shop and a blacksmith shop. The town quickly became a center for th ...
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Bailout
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term ''bail-in'' (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process, but taxpayers are not. Some governments also have the power to participate in the insolvency process: for instance, the U.S. government intervened in the General Motors bailout of 2009–2013. A bailout can, but does not necessarily, avoid an insolvency process. The term ''bailout'' is maritime in origin and describes the act of removing water from a sinking vessel using a bucket. Overview A bailout could be done for profit motives, such as when a new investor resurrects a floundering company by buying its shares at firesale prices, or for social objectives, such as when, hypothetically speaking, a wealthy philanthropist reinven ...
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Milo Đukanović
Milo Đukanović ( cnr, Мило Ђукановић, ; born 15 February 1962) is a Montenegrin politician serving as the President of Montenegro since 2018, previously serving in the role from 1998 to 2003. He also served as the Prime Minister of Montenegro (1991–1998, 2003–2006, 2008–2010 and 2012–2016) and is the long-term president of the Democratic Party of Socialists of Montenegro, originally the Montenegrin branch of the League of Communists of Yugoslavia, which governed Montenegro alone or in a coalition from the introduction of multi-party politics in the early 1990s until its defeat in the 2020 parliamentary election. He is one of the longest ruling politicians in Europe who holds key positions in the country for over 32 years. When Đukanović first emerged on the political scene, he was a close ally of Slobodan Milošević during the anti-bureaucratic revolution (1988–1989) and the dissolution of SFR Yugoslavia (1991–1992). His cabinet actively partic ...
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National Bank Of Yugoslavia
The National Bank of Serbia ( sr, Народна банка Србије, Narodna banka Srbije) is the central bank of Serbia. Founded in 1884, the responsibilities of the bank are: monetary policy, sole issuer of Serbian banknotes and coins, protection of price stability and promotion of stability of the financial system within Serbia. The bodies of the NBS are the executive board, the Governor and the Council of the Governor. The incumbent governor of the bank is Jorgovanka Tabaković. History The bank was originally established on 2 July 1884 as the ''Privileged National Bank of the Kingdom of Serbia''. It was modeled after the National Bank of Belgium, considered at the time to be at the forefront of modern banking institutions. The first governor of the bank was Aleksa Spasić. Following the First World War, the bank underwent several changes as the country expanded and eventually became Yugoslavia, whilst the bank was renamed the National Bank of Yugoslavia. It wasn't ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ...
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Pljevlja
Pljevlja ( srp, Пљевља, ) is a town and the center of Pljevlja Municipality located in the northern part of Montenegro. The town lies at an altitude of . In the Middle Ages, Pljevlja had been a crossroad of the important commercial roads and cultural streams, with important roads connecting the littoral with the Balkan interior. In 2011, the municipality of Pljevlja had a population of 30,786, while the city itself had a population of about 19,489 making it the fourth largest urban settlement in Montenegro. The municipality borders those of Žabljak, Bijelo Polje and Mojkovac in Montenegro, as well as Bosnia and Herzegovina to the west and Serbia to the northeast. With a total area of , it is the third largest municipality in Montenegro. History Prehistory and antiquity The first traces of human life in the region date between 50,000 and 40,000 BC, while reliable findings show that the Ćehotina River valley was inhabited no later than 30,000 BC. The oldest traces of hum ...
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Balkan Wars
The Balkan Wars refers to a series of two conflicts that took place in the Balkan States in 1912 and 1913. In the First Balkan War, the four Balkan States of Greece, Serbia, Montenegro and Bulgaria declared war upon the Ottoman Empire and defeated it, in the process stripping the Ottomans of its European provinces, leaving only Eastern Thrace under the Ottoman Empire's control. In the Second Balkan War, Bulgaria fought against the other four original combatants of the first war. It also faced an attack from Romania from the north. The Ottoman Empire lost the bulk of its territory in Europe. Although not involved as a combatant, Austria-Hungary became relatively weaker as a much enlarged Serbia pushed for union of the South Slavic peoples. The war set the stage for the Balkan crisis of 1914 and thus served as a "prelude to the First World War". By the early 20th century, Bulgaria, Greece, Montenegro and Serbia had achieved independence from the Ottoman Empire, but large eleme ...
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Velimlje
Velimlje ( sr-Cyrl, Велимље) is a village in the municipality of Nikšić, Montenegro. Until 1960 it was a center of Banjskovučedolska municipality. Demographics According to the 2011 census, its population was 109. Notable individuals * Joanikije II, Metropolitan of Montenegro Joanikije II ( sr-cyrl, Јоаникије, secular name Jovan Mićović, sr-cyrl, Јован Мићовић; born 20 April 1959) is a Serbian Orthodox metropolitan bishop serving as the Metropolitan of Montenegro and the Littoral and the pri ... References Populated places in Nikšić Municipality {{Montenegro-geo-stub ...
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Podgorica
Podgorica (Cyrillic script, Cyrillic: Подгорица, ; Literal translation, lit. 'under the hill') is the Capital city, capital and List of cities and towns in Montenegro, largest city of Montenegro. The city was formerly known as Titograd (Cyrillic script, Cyrillic: Титоград, ) between 1946 and 1992—in the period that Montenegro formed, as the Socialist Republic of Montenegro in honour of Marshal of Yugoslavia, Marshal Josip Broz Tito. The city was largely destroyed during the bombing of Podgorica in World War II and accordingly the city is now dominated by architecture from the following decades of communism. Further but less substantial damage was caused by the NATO bombing of Yugoslavia, 1999 bombing by NATO forces. The surrounding landscape is predominantly Mountain range, mountainous terrain. The city is just north of the Lake Skadar and close to coastal destinations on the Adriatic Sea. Historically, it was Podgorica's position at the confluence of the Ribn ...
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Božo Petrović-Njegoš
Božo Petrović-Njegoš ( cyrl, Божо Петровић-Његош; 1846−1929) was a Montenegrin '' vojvoda'' and politician. After taking command of the Southern Army in the Montenegrin–Ottoman War of 1876–1878, he represented the Principality of Montenegro at the Congress of Berlin. He served as the head of government of Montenegro from 1879 to 1905. Biography Božo studied in Paris. He returned to Montenegro following his studies. As cousin of Prince Nikola, Božo served as heir apparent from 1860 to 1871, when Nikola's first son Danilo was born. Božo was the commander of the Southern Army during the Montenegrin–Ottoman War of 1876–1878. He had great success in the Battles of Medun and Trijebač. However, in his memoirs, '' vojvoda'' Ilija Plamenac claims he was the ''de facto'' leader of the Southern Army as Božo was too young and inexperienced. After the war, Božo was the Montenegrin representative at the Congress of Berlin. He was a candidate for Prince ...
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