Concerns over Addiko Bank purchase in Montenegro and Serbian political ties
The purchase of Addiko Bank in Montenegro is framed as needing greater economic and institutional scrutiny than typical bank acquisitions. It highlights Alta Pay’s end-2023 role with Serbia’s EPS for electronic electricity billing without a public tender and a limited vehicle tender involving a Macura leasing consortium. Research claims state funds reached Alta while payments were also made to the ruling Serbian Progressive Party fund, raising questions about the model’s implications for Montenegro.