The Standard & Poor’s rating agency, S&P, published a new Report on Montenegro and confirmed the country’s previous rating of ‘B+/B’ with stable outlook, the Ministry of Finance said.
Analysts confirmed Montenegro’s stable outlook, estimating the growth of the Montenegrin economy at 4.7% in 2018, which exceeded the last year’s expectations amounting to 3.5%.
The Ministry of Finance said: “The Report shows that Montenegro has stable outlook as a result of numerous activities in the field of tourism and energy, as well as thanks to strong comparative institutional organization in the region. In addition, it is noted that there’s a growing potential for the early implementation of structural reforms, which Montenegro needs in order to become the European Union (EU) member state.”
An important backbone of Montenegro’s future development, the Report suggested, is the implementation of a significant number of foreign direct investments over the past 5 years, which amount to over 10% of GDP at the average level.
