Foreign investments hit €328m in Montenegro last year

Foreign investments hit €328m in Montenegro last year

Published at: 2019-03-19 09:11 | Author: CIJ Serbia
Azmont Investment, the company behind the large-scale Portonovi Resort project along Montenegro’s Bay of Kotor, was the country’s biggest investor in 2018, according to local news reports, citing statistics from the Central Bank. The first phase of the project, worth an estimated €700m, is scheduled to open in June. Foreign investors from 60 countries pour some €328m into the Montenegrin economy last year. The largest investments came from Hungry (€57.8m), Russia (€52.5m), Turkey (€51.1m) and the UK (€39.6m). Total investments for the year amounted to €843.1m, down 32 percent from the previous year.

Similar Stories:

Slowing growth expected after Slovak economy peaked in 2018
The Slovak economy may have peaked in 2018 at 3.3% GDP growth, but the battle for employee  »
Czech Q1 wages jump 7.4%
Czech Republic  ♦  Czech Q1 wages jump 7.4%
The average monthly wage rose 7.4 percent in the first quarter of the year to CZK 32,466 a  »
Montenegrin investment volume hits €3bn
Driven by a robust tourism sector, the investment volume in Montenegro has reached €3bn,  »
Hungarian GDP grows by 5.3% in Q1
Hungary’s GDP grew by 5.3 percent in the first three months of the year, up from 4.9 per  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »