21 February 2019 - State balance of payments at the end of 2018 was 793 million EUR in deficit. The key item that had an impact on such a result was the import that amounted to almost 2,49 billion EUR. On the other side, revenues generated in tourism that exceeded a billion and thus the expenditure part of the current account was alleviated.
As far as the revenues of the state are concerned, they amounted to 46,3 million EUR whereas the expenditures amounted 13,2 million EUR.
Total reserves of the Central Bank at the end of 2018 reached 203,1 million EUR. Preliminary data show that around 843,1 million EUR was brought into Montenegro thanks to foreign direct investments.
However, there has been an outflow of 515,5 million EUR.
The biggest part of foreign citizens investments was related to investments in various companies and banks. Slightly less than 300 million EUR is intercompany debt, that is, investments that do not increase the initial capital. Thanks to real estate, foreigners invested 182,6 million EUR and 23,2 million EUR in other activities.
Around 10,22 million EUR came with the reduction of capital in foreign banks and companies. Income generated from selling real estate abroad amounted to 677.775 EUR.
Italy takes the very first position on the list of states that brought most foreign direct investments (116,7 million EUR). Great Britain takes sixth place on the list (48,3 million EUR).
For the purposes of comparison, in 2017, most invested money came from the United Arab of Emirates, followed by Italy.
Thirty-nine, out of fifty-three citizens who invested in Montenegro, have invested amounts higher than one million.
Source: Cafe del Montenegro
