Montenegro and Portugal Increasing Mutual Cooperation

By , 28 Jun 2018, 02:11 AM Business
Montenegro and Portugal Increasing Mutual Cooperation Copyrights: Ministry of Economy

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June 27, 2018 - Montenegro and Portugal should achieve closer economic cooperation, and the key sectors in which it can be expanded are energy and tourism, concluded representatives of Montenegrin and Portuguese Ministries of Economy.

Minister of Economy of Montenegro, Dragica Sekulic, stayed in the capital of Portugal, the city of Porto, where after the meeting with Minister Cabral, she presented Montenegro’s investment opportunities. During this meeting, the officials and representatives of two countries expressed mutual satisfaction with the meeting, as well as the hope that the cooperation between the two ministries, as well as the countries, will deepen and improve in all fields.

“Portugal has great experience in building windfarms, not only in Portugal, but also in other countries, where Portuguese companies are recognized as stable foreign direct investors in this sector,” said Portuguese Minister of Economy Manuel Calderia Cabral.

It was also concluded that there is the possibility of direct investment of Portuguese investors in the field of tourism, through greenfield investments and through the privatization of the available hotels in Montenegro.

“Portugal, as a country traditionally oriented towards tourism, has a well-developed education system for this sector that covers high schools and universities, featuring both theoretical and practical knowledge and experience,” said Portuguese officials during this meeting.

During the official stay in Porto, Montenegrin representatives had the chance to participate in the conference “Montenegro-Portugal: Business Opportunities and Business Environment” and to present a Montenegro as an investment opportunity.

“Montenegro is a secure, economically and politically stable country with the potential to continue economic growth,” said Minister of Economy of Montenegro Dragica Sekulic in her introductory speech, at the opening of the “Montenegro-Portugal: Business Opportunities and Business Environment” conference.

This conference was held in cooperation with the Montenegrin Embassy in Madrid and Honorary Consul person of Montenegro in Porto, Carlos Pereira Pinto.

During the conference, participants and businessmen had a chance to get insights into the business environment in Montenegro, incentive programmes, as well as investment opportunities from all areas of the Montenegrin economy. In addition to the presentations held by representatives of the Ministry of Economy and the Montenegrin Investment Promotion Agency, the presentations also included representatives of Portuguese companies who had experience in business cooperation with Montenegro.

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