Enter your keyword

News

NATO boosted foreign investments in Montenegro

NATO boosted foreign investments in Montenegro

 

 

Montenegrin NATO membership  strengthened macroeconomic stability and built up investors’ trust. That reflects best in the increase in the inflow of foreign direct investments, which amounted 244,4 million EUR for the seven months of this year.

“The biggest inflow of FDI came from NATO Members: Italy (16,5% of the total inflow), Hungary (12%), Turkey (7,1%) and Belgium (3,3 %)”, report the representatives of the Central Bank.

This inflow of capital contributed to the economic growth and the Central Bank particularly points out the importance FDI have.

“They are very important source of funds and they create new jobs, increase the export and, therefore, reduce the foreign trade deficit, which is one of the shortcomings of our economy. That way, foreign investments improve the competition of domestic economy. They also enable transfer of new technologies and knowledge that we are going to adopt from investors”, say the representatives of the Central Bank.

NATO membership had an impact on tourism and overall image of the country.

“Montenegro is now perceived as safer destination and that, along with other factors, is very important for tourists. NATO membership increased the income generated in tourism. Also, effects of NATO can be seen in the improvement of international reputation with international financial institutions and private investors, which could, indirectly, influence creation of more favorable conditions of borrowing at the international financial market”, said the representatives of the CB.

 

Source: CDM

NATO boosted foreign investments in Montenegro

 

AZ Consulting creates no claim or credit for images featured on our site unless otherwise noted. All visual content is copyrighted to its respectful owners and we make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed.

POST YOUR COMMENT

Your email address will not be published.