Trade Boycott in Montenegro Results in Significant Revenue Decline
On February 8, 2025, data from the Tax Administration of Montenegro reported a 30.23% decrease in revenue due to a nationwide boycott of retail chains.
According to the Tax Administration of Montenegro, the trade boycott that commenced on February 8, 2025, led to a nationwide revenue decline of 30.23% when compared to the previous day, February 1, 2025. The revenue recorded on February 8 amounted to €2.96 million, contrasting sharply with €4.24 million on February 1 before the boycott.
The decline was most pronounced in the Central region of Montenegro, where revenue fell by 35.86%.
The Northern region experienced a revenue decrease of 30.62%.
In contrast, the Southern region saw the least impact, with a revenue decline of 21.5%.
Prior to the nationwide boycott, on February 7, there was already a recorded drop in revenue of 25% in comparison to January 24, 2025, illustrating a trend of decreasing sales associated with the ongoing boycott.
Additionally, the number of issued receipts decreased by 18.15%, further indicating reduced consumer activity across retail businesses.
This series of events highlights significant shifts in consumer behavior in response to the boycott initiative.
The decline was most pronounced in the Central region of Montenegro, where revenue fell by 35.86%.
The Northern region experienced a revenue decrease of 30.62%.
In contrast, the Southern region saw the least impact, with a revenue decline of 21.5%.
Prior to the nationwide boycott, on February 7, there was already a recorded drop in revenue of 25% in comparison to January 24, 2025, illustrating a trend of decreasing sales associated with the ongoing boycott.
Additionally, the number of issued receipts decreased by 18.15%, further indicating reduced consumer activity across retail businesses.
This series of events highlights significant shifts in consumer behavior in response to the boycott initiative.
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