Editorial

Montenegro is much more than the sea view - Where are the growth opportunities
Montenegro has been talked about for a long time through several well-known pictures: the sea, hotels, apartments, luxury properties. The country`s investment story is now becoming much broader than that. Money follows new roads, energy, infrastructure, industry, technology and more and more comes up with the question what Montenegro can be in five, not just one tourist season. Meanwhile, the approach to the European Union changes and broadens the business context, from the rules by which companies operate to the opportunities brought by a greater connection with the European market. That doesn`t mean the road is without obstacles. A small market has its limitations, the administration has its own procedures, and large projects require both capital and time and the infrastructure that can
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Big Picture
Why Invest in Montenegro: From the Euro and EU Perspective to New Investment Opportunities
Montenegro is a small market, but its investment story is not based solely on the size of its domestic economy. Its location on the Adriatic, the use of the euro, openness to foreign capital, the development of tourism, energy and infrastructure, as well as the EU accession process, are creating
Montenegro introduces foreign investment screening: What investors must know before market entry
Montenegro is preparing the introduction of a foreign investment verification system, which will bring a new obligation for some foreign investors - before the realization of the investment, they will have to go through the verification process if they invest in sectors of importance for security,
From E-Invoicing to Automated Tax Audits: What Will Public Finance Reform Mean for Montenegro’s Business Sector?
Montenegro is expected to take another step towards the digitalisation of public finances by 2031, which will also have a direct impact on the business sector. The Draft Public Finance Management Reform Programme for the period 2027–2031 envisages the introduction of an e-invoicing system, more

Newsletter Contents

Conversation with Occasion
Radisson Blu Hotel & Residences Tivat in the final stages: The ALK Group builds long-term partnerships and values joint success
As the works on the Radisson Blu Hotel & Residences Tivat project are coming to an end, ALK Group is starting a new chapter of its business in Montenegro. The complex in Seljanovo, in the immediate vicinity of Porto Montenegro and the Boka Kotor Bay, unites an international hotel brand, a residential concept and facilities intended for guests and owners, along with the standards of the Radisson Blu brand. In response to international market needs, in collaboration with Hipotekarna banka the
Vladan Veličkovic, Bravera company: City Park exceeded expectations, followed by Žabljak, Podgorica and the coast
Only one year after its opening, Bravera City Park in Bijelo Polje not only met but also exceeded initial expectations. With over 300 employees and facilities that gather visitors not only from the city and surrounding municipalities, but also from abroad, this project breathed new life into the north of Montenegro and confirmed in practice the company`s slogan "All in one place". As Vladan Veličković, the civil engineer who managed the construction of the park, says in an interview for
Nina Drakić, president of the Montenegrin Chamber of Commerce: It's time to turn European integration into concrete economic benefits for the economy
Fifteen years after the Chamber of Commerce of Montenegro (PKCG) launched the Conference on Economy, the Montenegrin economy is facing a new development turning point. From the first discussions on macroeconomic stability, investments and infrastructure construction, the focus is now shifting towards European integration, competitiveness, productivity, digital and green transformation and stronger regional connectivity. This year`s jubilee conference, under the slogan "Connected economies for a
Nebojša Šolaja, CEO of Elkon: From Montenegro, we export knowledge and technological solutions to four continents
From Podgorica to projects on four continents, over the course of almost two decades, Elkon has built its position as a specialized engineering company for industrial automation and control solutions. The company has worked on projects in Europe, Africa, Asia, North and South America, and today it is particularly focused on the automation of industrial processes, SCADA systems, dam management and infrastructure systems. For Nebojša Šolaja, CEO of Elkon, international experience is not only a

Business and Innovation
Waste as a business - Where does Montenegro have the greatest potential for circular economy?
Montenegro has enough material for the development of the sector of processing, recycling and reuse, but due to the size of the market, it is not realistic to expect large plants for every single type of waste. At the same time, the country lacks what is crucial for the private sector: reliable and sufficiently clean raw materials. According to MONSTAT data, in 2024, around 375,460 tons of
Montenegro Real Estate Forum 2026: Meeting point for investors, developers and institutions
The first Montenegro Real Estate Forum 2026, a central event dedicated to current developments, trends and the future of the real estate market in Montenegro, will take place on October 17 at the Tara Hotel in Bečići. The Forum is organized by the Association of Real Estate Agencies of Montenegro, and will gather representatives of leading companies, investors, developers and professionals from
Could the film industry become a new branch of Montenegrin economy?
Montenegro has the potential to become a competitive international movie destination, and the increase of financial incentives for foreign productions and the simplification of procedures they should further strengthen their position in the competition with the countries of the region. At the same time, the development of the film industry could also bring effects to sectors that are not directly

Economy of Montenegro in figures

  • Montenegro's GDP amounted to EUR 8.17 billion in 2025 (preliminary data from MONSTAT).
  • Total foreign direct investment inflows amounted to EUR 1.02 billion, while net FDI inflows reached EUR 530.66 million.
  • EUR 497.40 million was invested in real estate during the past year.
  • Montenegro had 63,823 enterprises last year, with micro and small enterprises accounting for 99.33% of all active business entities.
  • 31,442 enterprises were foreign-owned.
  • Business revenues of Montenegrin companies in 2025 amounted to EUR 16.83 billion in the non-financial sector, while net profit reached EUR 875 million (TBM analysis).