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Turkey invested €187 million in Montenegro

Value of trade exchange between Montenegro and Turkey reached more than €100 million in 2018. Around 45.000 tourists from Turkey visited our country and they generated 110.000 overnights. Since 2010, Turkey has invested around €187 million into Montenegrin economy which makes Turkey the fifth most important investor. First four months of 2019 have recorded positive trends. There are 2.282 Turkish enterprises in our country.

This was stated in the meeting between the President of the Chamber of commerce, Mr Vlastimir Golubović and Turkish Ambassador to Montenegro, Ms Gori Songul Ozan.

They stated that interstate relations between Montenegro and Turkey were at very high level and that there was room for further strengthening of economic ties.

Turkey will keep encouraging companies to develop their business in Montenegro.

Ms Ozan pointed out that the intention was to attract serious Turkish investors who will create new jobs and share their rich business experience.

“I invite Turkish companies to start long-term, sustainable businesses in Montenegro, in favor of both states”, said the ambassador.

She pointed out that the prerequisites of further development were connection with the agrarian sector and high-quality road infrastructure while stating that Turkey is ready to contribute to their improvement.

Mr Golubović said that tourism, transport, energy and agricultural sector were priority branches. He acquainted the ambassador with the current projects in Montenegro.

He presented to her the organization and work of the Chamber, the oldest business association in the country.

The Chamber takes into consideration ever act which refers to the economy. It builds up international cooperation through participation in numerous international chamber associations.

“Chamber of commerce is at service of all its members and Turkish companies in our country”, said Mr Golubović.

 

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