From the beginning of January to the end of September 2019, total inflow of foreign direct investment reached €591,7 million. At the same time, total outflow amounted to €325 million, according to the preliminary data collected by the Central Bank of Montenegro.
Net FD inflow in the first nine months of 2019 reached €266,73 million, 22,5% increase compared with the same period in 2018. Almost a half of investment (€235 million), refers to the so-called intercompany debt.
Companies and banks invested €2016,16 million, non-residents invested €129,7 million in property, whereas other investments amounted to €20,84 million.
At the end of September, Central Bank registered investment from 45 states, whose total inflow in our country amounted to €439,78 million. Another €151,92 million came from other countries in the world.
Hungary kept the first place on the list of countries investing in our country (€53,12 million). Hungary’s citizens invested €4,12 million in real estate and the rest (€49 million) was invested in repayment of intercompany debt.
Russia’s investors are second on the list (€52,84 million). Russia’s citizens still contribute to Montenegro’s balance by buying real estate (€30,17 million). They invested €21,82 million through intercompany debt and investment in Montenegro’s enterprises (€857.292,72).
Montenegro received €34,02 million from the United Arab of Emirates, although most of it won’t impact the initial capital.
Bosnia and Herzegovina invested €32,1 million. The Netherlands’s investment was worth €30,02 million.
Data relating to smaller firms are not available, as well as data about the funds that came to Montenegro by sale of real estate in Albania, Australia, Croatia, Canada, Kosovo, Germany and Switzerland. The same goes for the recovery of the capital through intercompany debt from Albania, the Netherlands, Cyprus, Slovenia, the UAE and the Great Britain (€15,84 million).
Compulsory reserves exceeded €260 million
Calculated and separated compulsory reserves in the banks amounted to €262,8 million.
Average bank deposits, which serve as basis for the calculation of compulsory reserves, amounted to €3,54 billion. Around 70,9% refers to demand deposits and 29,1% refers to time deposits”.
