Montenegro signed the Central European Free Trade Agreement (CEFTA) in July 2007. The agreement has been signed by seven other countries (Albania, North Macedonia, Moldova, UNMIK/Kosovo, Croatia, Serb
Montenegro, FDI regulatory system
The main law governing foreign investment, the Montenegrin Law on Foreign Investment, is based on the national treatment principle, which is a basic principle of GATT/WTO that prohibits discrimination
Montenegro, investment incentives
The Ministry of Economic Development, in cooperation with the World Bank Group (WBG), has created an Investment Incentives Inventory, which provides a comprehensive list of available financial and non
Montenegro, foreign trade zones/free ports/trade faciliation
In 2004, Montenegro adopted the Law on Free Zones, which offers businesses benefits and exemptions from custom duties, taxes, and other duties in specified free trade zones. The Port of Bar is current
Montenegro, FDI Protection of Property Rights
In 2002 Montenegro enacted the Law on Secured Transactions and established a collateral registry at the Commercial Court in 2003. The registry’s operational guidelines have been drafted and approved b
Montenegro, intellectual property rights and FDI
The acquisition and disposition of IPR are protected by the Law on the Enforcement of Intellectual Property Rights, which entered into force in 2006. The law provides for fines for legal entities of u
Montenegro, Capital markets and portfolio investment
The banking sector in Montenegro is fully privatized with 11 privately owned banks operating in the country. The banking sector operates under market terms. Foreign investors can get credit on the loc
Montenegro, banking system
According to Central Bank of Montenegro, the banking sector remained solvent and liquid. Total bank assets amounted to EUR 5.33 billion at the end of 2021, an increase of EUR 741.6 million or 16.2 per
Montenegro, 2022 business environment, Very high inflation rate
During 2022, a constant increase in prices was observed. During the first eleven months of 2022, the average inflation rate was 12.7%. However, in November the inflation rate was at the level of 17.5%
Montenegro, GDP growth is recorded in 2022
In 2022, the economy of Montenegro records a relatively high rate of real GDP growth. In the first three quarters, real GDP was higher by 7.1% compared to the same period last year. In the first quart