In 2022, the economy of Montenegro records a relatively high rate of real GDP growth. In the first three quarters, real GDP was higher by 7.1%…
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Budget revenues in the first three quarters were higher by 8.5% compared to the same period of the previous year, or 5.0% more compared to the…
Franchising The business climate is hospitable for the franchising business model in Montenegro. Various reports assess Montenegro as a growing market in the field of European…
Distribution & Sales Channels The Foreign Trade Law adopted in 2004 decreases barriers for doing business and executing foreign trade transactions in accordance with WTO agreements.…
In support of its successful efforts to gain accession to the World Trade Organization (WTO), Montenegro implemented significant trade policy reforms, bringing the country’s practices in…
Construction is one of Montenegro’s key economic growth sectors. It offers opportunities for companies in luxury properties, holiday real estate, administrative buildings, and trade outlets. The…
Private health care market represents the special opportunity for investors, large number of luxury oriented people are relocating their business and facilities to major touristic centers…
Tourism opportunities Montenegro’s 300 kilometers-long coastline and the spectacular mountainous north drive the tourism sector, which accounts for almost 25 percent of GDP. Government sales of…
Montenegro has the potential to develop additional hydro and thermal power plants, given its abundance of rivers and streams, as well as solar and wind energy…
Market Entry Strategy Montenegro enacted legislation that outlines guarantees and safeguards for foreign investors. The legislation does not distinguish between foreign and domestic investors, affording them…
