Net FDI in Montenegro down 38.5% y/y in Jan-Aug.

By bne IntelliNews October 25, 2011
The net foreign direct investment (FDI) in Montenegro fell by 38.5% y/y to EUR 241.8mn in the first eight months of the year, the central bank (CBCG) reported. The annual contraction accelerated marginally from 38% y/y in Jan-Jul. Net FDI increased to 7.6% of the projected GDP for the year, up from 7% in Jan-Jul and 5.6% in H1. Equity investments, which reached EUR 234.1mn accounted for the largest part of total FDI inflow - 74.7%. Some 53.4% of them or EUR 125mn were allocated to companies and banks and 46.6% (EUR 109.1mn) came in the form of investment in real estate. IntelliNews comment: We expect that the net FDI in Montenegro for the current year will remain around 30-35% below its 2010 levels. The main reason is the slow finalisation of privatisation deals during the year, as shown by the insignificant privatisation revenues, amounting to just EUR 15mn till now, according to latest finance ministry data.

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