By June 9, Montenegro’s government is expected to decide whether it will continue investing in domestic airports or hand them over through a concession model, according to Economic Development Minister Nik Đeljošaj. The deadline for submitting bids for the concession of Podgorica and Tivat airports is May 9. Đeljošaj assured that workers’ rights will remain protected if the concession is approved.
He emphasized that Montenegro must consider all options for airport development, as current capacity limits prevent expansion in air traffic, which is crucial for tourism. He also acknowledged that Montenegro is currently not competitive in tourism compared to regional countries.
Foreign investments
Responding to a parliamentary inquiry, Đeljošaj stated that foreign direct investment (FDI) in 2024 totaled €889.8 million, while €399.86 million exited the country. The top investors were Serbia (€118.2M), Russia (€100.2M), and Turkey (€99.6M). Most investments were in tourism, including major projects like Porta Rai in Ulcinj and Swissotel in Kolašin, and also in renewable energy.
New investments are also expected in infrastructure, including highway construction, modernization of the railway, and development of the Port of Bar. A Turkish bank (Zeren Group) and Agri Europe Cyprus are also entering the financial sector, the latter acquiring a majority stake in Hipotekarna Banka.
Price controls and taxation
Đeljošaj mentioned that the government will soon decide whether to extend the “Limited Prices” program, which controls basic food prices. Regarding VAT, he expressed openness to lowering the rate on fruits and vegetables but noted it would likely not happen this year due to the approved budget.
Ulcinj Saltworks
The minister emphasized the ecological and economic importance of the Ulcinj salt pans but stressed that further investment is needed for sustainable salt production. Over €1 million has been spent on infrastructure repairs since 2022, mainly through donations. Future development is included in the 2024–2027 IPA operational program, and Montenegro is working with the EU and local authorities to finalize the governance structure and funding for environmental and feasibility studies.
