In the first six months of this year, investors from 82 countries have invested €227,3 million in Montenegro. That’s by 50% more than in the same period last year, reports the Central Bank.
“According to the preliminary data, FDI net inflow in the first six months of 2019 reached €227,3 million, which is by 48% more than in the same period last year. Total FDI gross inflow reached €374,7 million. The outflow reached €147,4 million”, said the representatives of the Central Bank.
More than half a billion EUR went out of our country last year.
Such investment trends are result of increased equity investments and decreased outflow.
Investments from a great number of countries reflects high regional diversification of FDI inflow.
Which countries are the biggest investors? Representative of the CB say that Azerbaijan retains its place as the key investor.
Other countries showing considerable inflows include Hungary (€51,7 million), Russia (€34,8 million), the Netherlands (€26,4 million), Bosnia and Herzegovina (€31 million), Switzerland (€ 19 million) and many others.
Foreigners mostly invest in equity.
In the first six months of 2019, the greatest inflow was on the grounds of equity investments and it totaled €245,4 million. That accounts for €65,5% of total inflow. The mostly invested in companies and banks.
Foreigners still seek to invest in real estate.
“Real estate investments totaled €79,4 million , by 1,9% more than last year”, explained the representatives of CB.
“In the structure of FDI outflow, withdrawal of funds of non-residents amounted to €84,6 million. Outflow on the grounds of residents’ investments abroad reached €62,8 million”, reports CB.
The highest outflow Montenegro was to the United Arab of Emirates.
Government often stresses that Montenegro is the safest country for investing in, as it transformed into a regional leader in the integration process and economy. Governments urges investors to invest in Montenegro where some of the most prestigious world tourist brands operate.
Economic analysts hold that Montenegro has stable FDI inflow, although they warn that it should strengthen real sector, domestic production and export.
