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Montenegro posted a net foreign direct investment (FDI) inflow of €220mn in the first half of 2017, 41.7% higher y/y, the central bank said in its monthly bulletin on September 1. The FDI to GDP ratio stood at 5.6%, according to bne IntelliNews calculations.
The rise of net FDI this year was mainly because of a significantly lower withdrawals of FDI compared with the previous year. Last year, net FDI fell by 40% due to the hike in FDI outflows, while inflows also posted a small increase. Montenegro’s government relies on strong investments in infrastructure, tourism and energy projects that should support robust economic growth in the next three years.
Through June, total FDI inflows stood at €273.8mn compared to €335.6mn a year earlier. FDI outflows stood at €53.8mn in the first six months of 2017, compared to €239.4mn a year earlier.
Outflow from investments by residents abroad amounted to €11.9mn, while withdrawal of non-residents' funds invested in Montenegro amounted to €41.9mn.
Investments in equity totalled €163mn, or 59.5% of the total FDI inflow. In the equity investments structure, investments in companies and banks amounted to €90.8mn, while €72.2mn went to real estate investments.
FDI inflows in the form of intercompany debt amounted to €108.6mn, or 39.7% of total inflows. The bank provided no annual comparison.
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