Tourism Montenegro’s 300 kilometers-long coastline and the spectacular mountainous north are the engine of the tourism sector which accounts for close to 25 percent of GDP. The sale of formerly state-owned land has triggered a wave of foreign investment in large-scale tourism and hospitality centers. Infrastructure Montenegro is planning major upgrades to its airports, road...
Since regaining independence in 2006, Montenegro has adopted an investment framework to encourage growth, employment,and exports. Although the continuing transition has not eliminated all structural barriers,the government recognizes the need to remove impediments, ensure business-friendly policies and improve transparency, and open the economy to foreign investors. Montenegro makes no distinction between domestica and foreign companies....
In 2019, the Central Bank of Montenegro has published for the first time the net international investment position (NIIP) of Montenegro, which is a difference between external financial assets (receivables-assets) and external financial liabilities and capital (liabilities). According to the international investment position, Montenegro is a net debtor, because it has a negative position, which...
Citizenship by investment is not a new concept and has been applied in numerous countries for years. Since 2019, Montenegro has joined the European and world countries that offer an economic citizenship program. With this program in our country, it is planned to issue 2,000 Montenegrin passports for investors who are subject to strict criteria....
The previous period was marked by strong price growth. The inflation rate in September was 16%, while the inflation rate in the first nine months was 11.6%. The most significant contribution to the inflation rate during the previous period is the growth of food and fuel prices. Such price trends had a significant impact on...
According to the preliminary data, in the period January-September 2021, the current account deficit was 249.2 million euro and was lower by 71.1 percent relative to the same period of 2020. Narrowing of the current account deficit is a consequence of the increase in surplus on the account of services, the primary and secondary income...
In the period January–September 2021, the portfolio investments account recorded a net outflow of 396.5 million euro, while the net outflow on the other investments account was 294.4 million euro. The main drivers of developments on this account were lower borrowing of the State, as well as of banks and other sectors, on the account...
At the end of Q3 2021, the main characteristics of the financial sector are stability and moderate level of systemic risk. Temporary measures of the Central Bank, which enabled moratorium and restructuring of loans to the clients of banks, acted as stabilising factors both on the finances of the real sector and citizens, as well...
The COVID-19 pandemic continued to bring uncertainties in 2021 for employment, and affected the labour market indicators. Restrictions in terms of mobility were in force at the beginning of the year, dealing with inter-city movement and working hours of business premises. Mass immunisation of the population started from May and majority of measures dealing with...
The inflationary developments in 2021 are under impact of an increase in aggregate demand, bottlenecks in global supply chains, and basic commodities prices trends in the global market, primarily of the crude oil. Official MONSTAT data show an increase of year-on-year inflation for 11 months of 2021 of 2.2 percent, whereby the strongest positive contribution...
