ECONOMIC DEVELOPMENT OF AGRICULTURE IN MONTENEGRO IN THE PERIOD FROM 1878-1914

Following the Congress of Berlin (1878), Montenegro managed to meet all the requirements for rapid economic and overall social development upon being granted diplomatic recognition and significant territorial expansion, including fertile plains, towns and boroughs, and a coastline.Significant expansion of arable land enabled more intensive cultivation of agricultural crops, although Montenegrin agriculture still faced the challenge of extension. It can be gathered that industrial development of Montenegro in 1878-1914 in the sphere of food industry was hindered by numerous factors, despite the incentives provided by the government. There was a lack of ongoing capital investments, mainly present in the trading area, and industrial enterprises operated with small capacities and insufficient resources.