Montenegro has witnessed a remarkable surge in net foreign direct investment (FDI) inflow, reaching 58.73 million euros ($63.03 million) in January 2024, as reported by the country’s central bank.
According to the latest monthly statistical report published by the Central Bank of Montenegro (CBCG), total FDI inflow experienced a significant increase of 96% year-on-year, totaling 85.97 million euros in January 2024. This growth can be attributed to heightened investments in domestic companies and banks, as well as an increase in investments in the form of intercompany debt.
Investments in companies and banks saw a staggering rise of 450% compared to the previous year, reaching 23.1 million euros in January 2024. Additionally, investments in real estate also registered a notable annual increase of 21%, amounting to 29.4 million euros.
FDI inflow in the form of intercompany debt grew by 37% year-on-year, reaching 31.9 million euros in January.
Despite the surge in FDI inflow, total FDI outflow experienced a slight decline of 16% year-on-year, totaling 27.24 million euro in January 2024. Non-residents’ withdrawal of funds invested in Montenegro amounted to 19.84 million euros, while residents’ investment abroad totaled 7.40 million euros.
The significant increase in net FDI inflow marks a positive start to the year for Montenegro’s economy, showcasing growing investor confidence and interest in the country’s business environment.
In 2023, Montenegro experienced a decline in net FDI inflow, falling by 45% to 429 million euros, following a notable increase of 35% in 2022, totaling 783 million euros.
The latest data underscores Montenegro’s attractiveness as an investment destination, highlighting its potential for economic growth and development in the region.
