Montenegro targets US investors at first business summit.

By bne IntelliNews March 24, 2011
Montenegro is aiming to improve economic cooperation and attract US investors, President of Montenegro Filip Vujanovic announced at the first US and Western Balkans economic summit held in Baltimore, radio and TV broadcaster RTCG reported. The President said that increasing competitiveness and improving the business climate are key requirements for achieving this goal. The country's future economic policy will be targeted at stronger regional development and facilitating business registration and start-up procedures. Vujanovic also added that Montenegro has made significant progress in harmonizing its legislation with that of the EU and has the lowest corporate tax in the region at 9%. He assured potential investors that investments in the country are safe and profitable. The economic summit is organized by the US-Balkans Alliance and the State of Maryland and focuses on cooperation in the fields of trade, tourism, energy and foreign investment.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335