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th-30102009The credit outlook is negative reflecting the country’s deteriorating economic environment, fiscal risks associated with the immediate economic deterioration and associated contingent liabilities. There are further concerns that the country could experience a liquidity crunch unless additional foreign capital is secured!

Montenegro fell into recession in the first half of the year when the economy shrank by 3.5%. Badly affected by the global economic crisis, the end of the global property boom and the lack of liquidity in the banking sector, the economic recession will likely cause a decline in government revenues, leading to higher government debt that will persist over time.

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Did you know?

that 1 recycled tin would save enough energy to power a television for 3 hours; 1 recycled glass bottle would save enough energy to power a computer for 25 minutes; 1 recycled plastic bottle would save enough energy to power a 60-watt light bulb for 3 hours?

that recycling steel saves 75% of the energy that would be used to create steel from raw materials, enough to power 18 million homes?

that every year, Americans buy more than 100 million cell phones, yet fewer than 20% of old cell phones are recycled and that recycling just a million cell phones reduces greenhouse gas emissions equal to removing 1,368 cars off the road for a full year?

that Pytheas the ancient Greek explorer, mathematician, astronomer and navigator must have travelled to the American continent at the time of Alexander the Great?

that Confucius about 2,500 years ago argued that the government should not compete for profit with the people, as it would only result to the exploitation of the population?

that Pytheas through its Soil Water + Life Solutions is probably the only entity world wide that can provide a-no-chimney-no-landfill-solution for the treatment of municipal solid and liquid waste?

that recycling 1 ton of paper saves 17 mature trees, 7,000 gallons of water, 3 cubic yards of landfill space, 2 barrels of oil, and 4000 kilowatt hours of electricity; this is enough energy to power the average North American home for 5 months?

that annually, the amount of garbage that is dumped in the world’s oceans is three times the weight of fish that is caught from the oceans?

that Pytheas has presence in 41 countries?

that of all the restaurants that are opened, 90% of them fail in the first year and of the remaining ones that survive, 90% of those fail in the second year?

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