Montenegro

Montenegro is highly vulnerable, importing 100% of its oil, which directly impacts its tourism-dependent economy. Gasoline prices stand at $1.58/L, and the country maintains 55 days of oil reserves. The moderate food risk is further complicated by a 42% increase in fertilizer prices, adding pressure to agricultural sectors. The outlook for the coming weeks is challenging, as the critical tourism industry will suffer from high transport costs, potentially leading to reduced visitor numbers and significant economic downturn.