English

More than €180m poured out of the country

CBCG

According to preliminary data of the Central Bank of Montenegro, CBM, the total inflow of foreign direct investments in 11 months of last year amounted to €591.2 million, while at the same time €180.1 million poured out of the country.

In November 2020, the net inflow of foreign direct investment, i.e. the difference between their inflow and outflow amounted to €411.1 million, which is by 49.5% higher compared to the same period in 2019.

“The total inflow of foreign direct investment fell by 17.1% compared with the comparable period, as a result of decline in equity investment,” the CBM Bulletin suggests.

As for residents’ investments abroad, €24.6 million poured out of the country, while non-residents withdrew €155.5 million invested in Montenegro.

The inflow of foreign direct investment in the form of equity investment amounted to €205.9 million, accounting for 34.8% of the total. Of that, €96.7 million was invested in real estate, and €109.2 million in companies and banks.

 

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