Editorial

Destination for investors with great ideas and ambitions
Located in the heart of the Balkans, Montenegro is one of the most promising investment destinations in the region of Southeastern Europe. Natural beauty, proximity to the mountains and the sea, attractive tax system - one of the most competitive in the region, as well as the fact that foreign citizens are allowed to own real estate and establish companies under the same conditions as domestic citizens, are just some of the reasons why investors from more than 125 countries of the world are already operating in Montenegro. Figures show that the total inflow of foreign direct investments in Montenegro last year amounted to EUR 889.90 million. More than half of that amount was invested in real estate. It is true that investments in companies and banks are on the decline, but it is also true
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Big Picture
Nina Drakić, President of the Chamber of Commerce of Montenegro - Investors are looking for clear "rules of the game", consistent application of regulations and open dialogue between the state and the economy
(Nina Drakić)Investors are only looking for clear "rules of the game", consistent application of regulations and open dialogue between the state and the economy. That is why it is important that Montenegro, in addition to reforms that will improve the business environment, devises and develops
Arijana Nikolić Vučinić, Executive Director of the Council of Foreign Investors - A simpler, more flexible and more predictable system is the key to attracting sustainable and long-term investments
(Arijana Nikolić Vučinić)Despite the slight growth of the ease of doing business index during 2024, Montenegro still faces numerous challenges that make it difficult to attract productive and long-term investments. Key challenges, such as lack of transparency, frequent changes in legislation and

Newsletter Contents

Conversation with Occasion
Vladimir and Petar Veličković, founders of the company Bravera - After the largest retail park, we want to build a high-class hotel in Bijelo Polje
Bravera City Park, the largest retail center in Montenegro and the region, was recently opened in the Bjelo Polje industrial zone, on the site of the former Yugoslav giant Vunk. Around 240 workers found work in more than 30 shops, and Bijelo Polje is once again becoming what it was for centuries - an important trade center. Behind this project stands the Veličković family, brothers Vladimir and Petar, who have been investing in their city for more than three decades. And they don`t intend to stop, on the contrary. As they said in the interview for eKapija, the second phase of the development of Bravera City Park is also planned, within which sports fields will be built. And on one of the best locations in Bijelo Polje, they want to build a high-class hotel. This successful business
Vladimir Popović, general manager of Carine company - In Baošići, we are building the largest hotel in the region, opening next year
The Carine company continues to push the boundaries of the hotel offer on the Montenegrin coast, announcing the construction of the largest hotel in the country and region in Baošići. The new resort promises more than 800 luxuriously furnished rooms, a private beach, a rich gastronomic offer, as well as facilities for families and business guests. With 80% of the rooms overlooking the Bay of Kotor, the hotel combines natural beauty with top notch facilities, setting new standards in regional tourism. At the same time, the company is also developing a project in Kumbor and Đenovići, a mixed-type complex that will combine hotel facilities and residential units, including the option of a time-share model. With a total area of ​​about 75,000 m², this project is planned in

Business and Innovation
Agent Plus Montenegro – 15 Years of Unity, Growth and Success
Agent Plus Montenegro marked its fifteenth anniversary at the company’s office in Bar with a celebratory event dedicated to employees and partners. The jubilee was more than just a commemoration of time – it was a moment of togetherness, gratitude, and pride in everything that has been built over the past fifteen years. The celebration gathered employees and business partners, and the
How can Montenegro turn the Adriatic into an economic growth engine? - On the wave of blue economy and opportunity for sustainable development and new jobs
The Adriatic Sea continues to be an undiscovered resource for Montenegro, and the blue economy is a signpost that can be used to explore it. The sustainable use of marine and coastal resources does not only mean preserving nature, it opens the door to innovation, investment and new jobs. But how can Montenegro turn the Adriatic into an economic growth engine? The blue economy is the use of marine
Bitcoin for an apartment by the sea - Is it possible to buy real estate with cryptocurrencies in Montenegro?
At a time when cryptocurrencies are setting records, and the value of the real estate market is growing at a rapid rate, the question arises whether it is possible to buy an apartment or a house in Montenegro and pay with bitcoins? The answer is - yes. Namely, despite the fact that Montenegro does not yet have a regulated crypto-property law, some agencies offer the possibility of paying for real
Montenegro on its way to becoming a global destination for remote work – From Niksic to Herceg Novi, an ecosystem for digital nomads is emerging
In recent years, digital nomads have been changing the way the world works, working from exotic and inspiring destinations, combining work and enjoying life. The natural beauty of Montenegro, the favorable cost of living and the developing IT scene make it appear more and more often on their map. At the beginning of the year, Montenegro was ranked as the third best destination for digital nomads

Economy of Montenegro in figures

  • Montenegro’s GDP for last year amounted to EUR 7.65 billion. The nominal GDP growth rate in the previous year was 8.1%, while real growth stood at 3.2%. Gross domestic product per capita in 2024 was EUR 12,260.
  • Montenegro’s gross national income in 2024 totaled EUR 7.62 billion, or 99.7% of GDP.
  • Total inflow of foreign direct investment in Montenegro in 2024 amounted to EUR 889.90 million. Net inflow of foreign investment was EUR 489.94 million.
  • Last year, EUR 455.33 million was invested in real estate.
  • In 2024, Montenegro had 58,998 companies. Micro and small enterprises accounted for 99.33% of the total number of active business entities.
  • Business revenues of Montenegrin companies in 2024 amounted to EUR 15.2 billion.
  • A total of 29,960 companies were under foreign ownership.