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When the latter dissolved in 1992, Montenegro federated with Serbia, first as the Federal Republic of Yugoslavia and, after 2003, in a looser union of Serbia and Montenegro. In May 2006, Montenegro invoked its right under the Constitutional Charter of Serbia and Montenegro to hold a referendum on independence from the state union. The vote for severing ties with Serbia exceeded 55% – the threshold set by the EU – allowing Montenegro to formally declare its independence on 3 June 2006.
conventional short form: Montenegro
local long form: none
local short form: Crna Gora
former: People’s Republic of Montenegro, Socialist Republic of Montenegro, Republic of Montenegro
geographic coordinates: 42 26 N, 19 16 E
time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
daylight saving time: +1 hr, begins last Sunday in March; ends last Sunday in October
2,438 to 3,047 m: 2
1,524 to 2,437 m: 1
914 to 1,523 m: 1
under 914 m: 1 (2012)
On 18 January 2007, Montenegro joined the World Bank and IMF. Montenegro is pursuing its own membership in the World Trade Organization as well as negotiating a Stabilization and Association agreement with the European Union in anticipation of eventual membership. Severe unemployment remains a key political and economic problem for this entire region. Montenegro has privatized its large aluminium complex – the dominant industry – as well as most of its financial sector, and has begun to attract foreign direct investment in the tourism sector.
IDPs: 16,192 (ethnic conflict in 1999 and riots in 2004) (2007)
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