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Wednesday, December 11, 2024
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Montenegro aims to attract international investments in energy, infrastructure and cybersecurity during U.S. trip

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Montenegro aims to attract international companies and stimulate investment in energy, infrastructure, defense, as well as cybersecurity and digitalization, said Finance Minister Novica Vuković.

During a visit to the United States, Vuković participated in the Small Talks Symposium, where he highlighted Montenegro’s significant investment and development potential and discussed the government’s efforts toward accelerated European integration, emphasizing responsible public finance management.

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The Montenegrin delegation engaged with over 20 investors at the symposium, who expressed interest in investing in the country. Vuković assured them that the government is committed to making the investment environment more attractive and accessible for development projects that will improve citizens’ living standards, strengthen the economy, and ensure long-term stability in public finances.

While in the U.S., the Finance Ministry team also visited financial institutions and international investors in New York. They held constructive discussions with representatives of investment banks, global pension funds, insurance companies, and multilateral development institutions, outlining Montenegro’s priority goals in the context of European integration and maintaining public finance stability.

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Conversations with reputable international partners included observations on market trends related to interest rates and currencies in the current geopolitical context and the upcoming U.S. elections.

The successful issuance of dollar bonds was praised, with their yield significantly narrowing to just 4.5% in the secondary market.

The positive feedback from representatives of successful international companies indicates their interest in investing in Montenegro. The Finance Ministry will continue dialogue with potential investors, keeping them informed about further steps to strengthen the national economy, improve the business environment, combat the gray economy, and realize ambitious infrastructure projects.

Among the firms that met with the Finance Ministry team were Lazard Asset Management, Morgan Stanley Investment Management, T-row, Fidelity Management & Research LLC, Artisan Partners, Massachusetts Financial Services, Barings, and Neuberger Berman.

In the banking sector, discussions were held with representatives from Societe Generale, Santander Bank, MUFG, JBIC, Bank of America, Intesa Bank and Raiffeisen Bank.

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