Montenegro 73rd in competitiveness

Montenegro 73rd in competitiveness

Published at: 2019-10-14 12:22 | Author: CIJ Serbia
The credit rating agency Moody's has confirmed its B1 credit rating for Montenegro, handing it a positive outlook. “The credit rating is the result of high GDP per capita, optimistic prospects for EU accession, and a strong investment trend with a focus on foreign direct investment. The new Moody's Credit Report welcomed significant investment projects being implemented in the transport, tourism and energy sectors, ” according to the country's finance the ministry.
“The main drivers of growth are evident in the construction, transport, tourism and energy sectors. The growth was also stimulated by public investment, above all, by the construction of a priority section of the Bar-Boljare highway." Growth is also being driven by rising household consumption and record levels of tourism. Unemployment has fallen to 14.3 percent.
However, in the latest World Economic Forum report, Montenegro is ranked 71st out of 140 countries, having lost two positions. Montenegro is ranked 83rd in terms of infrastructure, while is 57th in terms of technological readiness.

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