Montenegro Records Impressive EUR 5.5 Billion in Foreign Investment

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''Montenegro is the leader in the region in terms of foreign investment,'' stated the Director of the country's State Agency for Economic Restructuring and Foreign Investment, Milos Jovanovic.

In an interview for newspaper Poslovni Dnevnik, he noted that over the past eight years the volume of foreign investments in Montenegro has reached as high as EUR 5.5 B.
''We are expecting the arrival of three companies from Qatar, Jordan and the US pretty soon,'' he explained. '' Those are companies in the sectors of tourism, petroleum extraction and information technology and all of them have multi-billion dollar businesses.''
Jovanovic stated that in his opinion the positive business climate was largely achieved through the 9% flat tax rate.
According to official statistical data, foreign investment in the country in 2012 amounted to merely EUR 435,6 M, while in 2013 - EUR 485,3 M.
Reportedly, the construction sector in Montenegro saw the largest increase in terms of investment. In 2012 Montenegro received a foreign boost of EUR 247 M and then EUR 267 M, an increase of 11,2%.


Source: Sofia News Agency

 

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