Foreign direct investments rises for 23% compared to the last year
Montenegro has recorded a constant growth of net foreign investment, amounting to EUR 241 million by the end of July, which is 23% more compared to the last year, according to the new data from the Central Bank of Montenegro.
Durnig the year, 82 countries have invested, and Azerbaijan has the leading position among them, through the Porto Novi project, followed by Hungary, the Russian Federation and the Netherlands. The investment from a large number of countries indicates, according to the Central Bank of Montenegro, the high regional diversification of foreign direct investment inflows.
The structure of investment is being changed, so from the former huge interest in real estate, the foreign money is focused on tourism, banking and energy, dominantly.
Foreign direct investments are a very important lever for the economic growth, but only if they are managed properly and if its structure is necessary for the Montenegrin economy.
Around EUR 10 billion has been accumulated in Montenegro from foreign investments since the restoration of independence, which is equal to two and a half of the annual state budgets. At the same time, nearly EUR 7 billion have flowed out of the country. Most of the money went to the United Arab Emirates, Serbia, Bosnia and Herzegovina and Russia.