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Foreigners bought properties worth €184m

FOTO: Ilustracija

In the first nine months of this year, foreign citizens and companies invested a total of 599.86 million euros in business in Montenegro, which is by 93.07 million higher compared to the same period last year, and by 63.18 million euros less than over the entire 2019.

In addition, new preliminary data from the Central Bank of Montenegro show that the outflow of funds from foreign investors amounted to 247.63 million euros, so the current net amount of FDI is 352.23 million euros.

From the beginning of the year to the end of September, 118.6 million euros were invested in companies and banks, intercompany debt – i.e. loans that local companies received from parent companies abroad amounted to 231.23 million, while other investments amounted to 65.77 million euros.

However, special attention should be paid to the growth trend of real estate investments: according to these data, foreigners gave as much as 184.26 million euros for them, which is already the highest amount on an annual level since 2014.

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