Real Estate & Economic News in Montenegro from Propertyshowrooms.com

Montenegro signs economic deal with Italy

Fri, 23 Jan 2009 00:00:00 GMT

Montenegro has moved to strengthen its economy by forming a new association with Italy.

Speaking in Podgorica on Monday (January 20th), Montenegrin prime minister Milo Djukanovic said that the two nations have agreed to increase economic cooperation and encourage trade, the AKI news agency reports.

A ceremony in the capital was attended by politicians from both countries, with Italian economy minister Adolfo Urso describing the agreement as "a historic event, which will open a new phase in the relations of the two countries".

Meanwhile, Mr Djukanovic said that the "quality of relations between states is measured by the volume and structure of economic cooperation".

He claimed that sectors such as tourism, transport, agriculture and utilities could be expected to experience an increase in Italian investment as a result of the association.

In December, Mr Djukanovic said that Montenegro will aim to achieve economic growth of 5% this year.

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Montenegro bids to maintain growth in 2009

Thu, 1 Jan 2009 00:00:00 GMT

Montenegrin prime minister Milo Djukanovic has said that investment in major infrastructure projects will help his country's economy to continue its positive development in the new year.

The International Monetary Fund (IMF) recently forecast economic growth of 2% for Montenegro in 2009, but Mr Djukanovic believes the nation can achieve a level closer to 5%.

In comments reported by Reuters, he told a news conference in Podgorica: "If we realise only part of planned investment in tourism, energy and infrastructure, it is realistic to achieve a more dynamic growth than the one forecast by the IMF."

"The imperative is to maintain positive trends from past years."

Infrastructure projects planned by the government in 2009 include the construction of a new highway at an estimated cost of 2 billion euros, as well as the establishment of new power utilities.

Nubricks.com recently reported on the large number of wealthy Russian investors purchasing property in Montenegro.

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Montenegrin economy benefits from tourism

Fri, 17 Oct 2008 00:00:00 GMT

The tourism industry in Montenegro is proving to be highly lucrative for the country's economy, new figures have revealed.

According to official data cited by Balkan Travellers, the eastern European nation's holiday sector generated €471 million between January and September 2008.

This is 8.8% higher than the amount recorded during the first nine months of the previous year.

Government statistics also showed that the overall number of incoming leisure travellers also increased during this period.

A 5.4% surge in visitor numbers was recorded, prompting government officials to predict that overall tourism receipts for the year will reach €540.

Earlier this year, the tourism sector was boosted when Montenegro Airlines began operating a twice-weekly service between Tivat and London's Gatwick Airport.

This has helped make the country more accessible to both business and leisure travellers, as well as overseas property investors.

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Montenegro aims to expand tourism sector-180708

Fri, 18 Jul 2008 00:00:00 GMT

Montenegro's prime minister has spoken of the government's recent efforts to fuel growth in the country's tourism sector.

Milo Djukanovic stated that the eastern European nation is achieving a greater international profile on the strength of its diverse attractions.

Speaking to Explorer magazine, he said this has helped to generate money which has gone towards improving the infrastructure in major hotspots, as well as the creation of new facilities and accommodation.

Mr Djukanovic commented: "The aim [is] to keep Montenegro in the company of the most attractive tourist destination in the globe permanently."

He added that money is also be poured into upgrading the country's transport infrastructure, in particular its road network.

Montenegro's holiday sector was recently boosted by the launch of direct flights to the UK.

Last month, Montenegro Airlines began operating a twice-weekly service between Tivat and London's Gatwick Airport.

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