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Sunday, May 19, 2024
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Montenegro records significant increase in foreign direct investment inflows for January

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In January, Montenegro recorded a notable influx of foreign direct investment (FDI), totaling EUR 85.97 million, as per preliminary figures released by the Central Bank of Montenegro (CBCG). Concurrently, outbound investment from the country amounted to EUR 27.24 million. The net FDI inflow, representing the difference between inbound and outbound investments, stood at EUR 58.73 million for January, marking a remarkable 408.7% surge compared to the same period last year.

The surge in total FDI inflow, soaring by 96.31%, is attributed to increased investments in domestic enterprises and financial institutions, alongside heightened intercompany borrowing activities, according to the bulletin.

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Domestic residents directed EUR 7.4 million towards investments abroad, while withdrawals from non-resident investments in Montenegro totaled EUR 19.84 million.

Equity investments constituted the majority of FDI inflows, amounting to EUR 52.46 million, with significant allocations to both real estate (EUR 29.4 million) and corporate sectors including banks (EUR 23.06 million).

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Intercompany debt inflows amounted to EUR 31.89 million, marking a substantial 135.52% increase compared to the corresponding period last year.

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