Russia topped the list of the biggest investors in Montenegro in 2013, investing a total of EUR 136.4mn, central bank (CBCG) data showed. The bulk of Russia’s investments went to the real estate sector (EUR 108.3mn), followed by intercompany debt (EUR 25.1mn) and investments in companies and banks (EUR 3.0mn), the CBCG said.
The second in the list is Slovenia whose investments in 2013 totalled EUR 47.4mn, out of which EUR 29.0mn as intercompany debt and EUR 15.8mn of investments in companies and banks. Switzerland (EUR 38mn) was the third largest investors over the period, mainly investing in real estate and intercompany debt.
Net FDI inflow to Montenegro shrank 29.6% to EUR 323.9mn in 2013 following a 16.6% rise the year before, due to falling equity investments which offset higher inter-company lending, the CBCG has said earlier.
Net FDI remained below its level in 2008 when it stood at around 20% of GDP. Nonetheless, the FDI to GDP ratio in Montenegro is substantially higher than in some other countries in the region at nearly 10% of the full-year GDP forecast in 2013. Net FDI in neighboring Serbia accounted for just 2.3% of GDP last year, in Bulgaria it stood at 3.0%, and in Romania and Bosnia was 1.9%.
|Montenegro's largest investors in 2013, EUR mn||Companies and banks||Real estate||Intercompany debt||Total inflow|
Montenegro’s ruling Democratic Party of Socialists (DPS) will most likely propose its veteran leader, former president and prime minister Milo Djukanovic, to ... more
Montenegro’s court in Podgorica sentenced Milan Knezevic, one of the leaders of pro-Russian opposition Democratic Front, to 7 months in jail on October 18 ... more
The high court of Podgorica said it has decided to unfreeze the shares of Italy’s A2A in Montenegro’s power firm EPCG after ... more