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Azerbaijanis, Russians and Hungarians have invested the most in MNE

Foreign investors from around 60 countries invested capital in Montenegro last year. Soon we’ll find out more about the total foreign investments for 12 months, while the latest data show that the inflow amounted to 290 million euro, whereas the outflow nearly 362 million euro, writes Pobjeda daily.

According to the Central Bank of Montenegro, Azerbaijan is the front-runner when it comes to investments in MNE, but they don’t reveal figures as it’s about only one company.

“The largest inflow of FDI in the period from January to October 2019 was from Azerbaijan. It is about an individual piece of information and according to legal provisions, as such, it’s classified as confidential data,” the CBCG explained for Pobjeda daily.

The second largest investors, the CBCG say, come from the Russian Federation with 58.2 million euro, while Hungarians hold the third place with 54.2 million euro, followed by the United Arab Emirates – 35.4 million, Virgin Islands – 34.9 million, Switzerland – 33.1 million, Bosnia and Herzegovina – 33.1 million, Germany – 31.6 million, the Netherlands – 30.7 million, Turkey 25.9 million euro…

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