The total inflow of foreign direct investments at the end of March amounted to EUR 209.41 million, a decrease of 15.33% compared to the same period last year, according to preliminary data from the Central Bank of Montenegro (CBCG). This decline, as explained, is the result of a decline in investment based on intercompany debt. […]
Fall of foreign investments in the first quarter Read Post »
Abstract During the first three months of 2023, favourable trends were recorded on the labour market. Earnings recorded a growth of slightly more than 10% in comparison with the same period in 2022. This growth was mostly influenced by decisions on salary increases in the public sector during the previous and current year. The growth
Montenegro citizenship by investment is a program that allows people to obtain citizenship in the country with a significant financial investment in the country. This can include investing in real estate, making a financial contribution to the government, or investing in a business. The investment amounts can vary but typically involve a substantial financial commitment.
Montenegro citizenship by investment: 5 Things to know Read Post »
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
Montenegro, Recent Economic Developments, International Investment Position Read Post »
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.
Montenegro, Benefit from foreign investments Read Post »
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
Montenegro economy briefing: Inflation and Economic Policy Read Post »
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
Montenegro, Recent Economic Developments, External Sector, Current Account Read Post »
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
Montenegro, Recent Economic Developments, Financial Account Read Post »
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
Montenegro, Recent Economic Developments, Financial Sector Read Post »
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
Montenegro, Recent Economic Developments, Employment and Wages Read Post »
