Serbia among top 10 foreign investors in Montenegro - UAE, Russia and Azerbaijan lead

Foreign investors from 74 countries invested a net of 380m EUR in ten months in 2017, which is almost 22% more than in the same period last year, and among the top 10 largest foreign investors there is Serbia.

The first place is held by the United Arab Emirates with nearly 87m EUR, followed by Russia with 50m, and the third is Azerbaijan with 45m, Podgorica's Pobjeda reports, referring to the data of the Central Bank. Gross investments amount to 500m EUR.

Foreigners invested 143.7m EUR in companies and banks in Montenegro, 120.6 million in the purchase of real estate, and in intercompany debt, i.e. investments that do not increase fixed capital, 201 m.

Italy ranks fourth with 38.2 m, followed by Germany (35.2 m), Switzerland (31.56), Serbia (27.39), Cyprus (23, 7), the ninth is Turkey (19) and the tenth is Spain with 13.8m EUR.

UAE invested the highest amount of funds, EUR 67.9 m, in domestic companies and banks, and Azerbaijan was second with 45 m.

Russians are leading in real estate investments with 35.6 m and Italians with 36.9 m, are leading in investments that do not increase share capital.

When it comes to the countries from the region, the highest amount was from Serbia 27.4m EUR, 3.5m from Bosnia and Herzegovina, 3.4m Slovenia, etc.

Centralna banka Crne Gore

foreign investments in Montenegro

foreign investors in Montenegro