According to the 2018 available data, there are 2,097 enterprises in Montenegro established by the citizens of Turkey, while 2,863 physical and legal persons being the citizens of Turkey are registered as owners regardless of their share in the ownership, the Tax Administration clarified for CdM.
The largest number of business organizations set up by the Turks operates in Budva – 1,048 and 609 in Podgorica.
From 2015 to 2018, the Turks registered the following number of enterprises in MNE:
2018 – 1.545 enterprises
2017 – 435 enterprises
2016 – 71 enterprises
2015 – 29 enterprises
A new hotel in Zabjelo neighborhood
Another fact that confirms the interest of the Turks in our market is that the Turkish company “Erka” recently started building of a luxury hotel and residential building in Podgorica neighborhood Zabjelo. The construction works of this 5-star hotel should be completed by 30 December 2020.
The Turkish investors have also been interested in the construction of a water park, shopping mall and a sport building in the capital and it’s planned one of Podgorica’s streets to be named as “Ankara” – the Turkish capital.