Investments from Turkey Estimated at 187 Million EUR Since 2010

By , 04 Jul 2019, 00:49 AM Business
Investments from Turkey Estimated at 187 Million EUR Since 2010 Copyrights: Chamber of Commerce of Montenegro

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02 July 2019 - The value of trade exchange between Montenegro and Turkey amounted more than 100 million EUR in 2018. Around 45.000 tourists from Turkey visited Montenegro and generated 110.000 overnight stays. Since 2010, Turkey has invested around 187 million EUR into the Montenegrin economy which makes Turkey the fifth most important investor. The first four months of 2019 have recorded positive trends. There are 2.282 Turkish enterprises in Montenegro currently, as reported by the CdM.

This was stated in the meeting between the President of the Chamber of Commerce of Montenegro Vlastimir Golubović and Turkish Ambassador to Montenegro, Gori Songul Ozan.

The officials stated that interstate relations between Montenegro and Turkey are at a very high level and that there is room for further strengthening of economic ties. Turkey will keep encouraging companies to develop their business in Montenegro.

Ozan pointed out that the intention was to attract serious Turkish investors who will create new jobs and share their rich business experience.

“I invite Turkish companies to start long-term, sustainable businesses in Montenegro, in favor of both states,” said the ambassador.

She pointed out that the prerequisites of further development were a connection with the agrarian sector and high-quality road infrastructure while stating that Turkey is ready to contribute to their improvement.

Golubović said that tourism, transport, energy and the agricultural sector were priority branches. He acquainted the ambassador with the current projects in Montenegro, and he also presented to her the organization and work of the Chamber, the oldest business association in the country.

The Chamber takes into consideration ever act which refers to the economy. It builds up international cooperation through participation in numerous international chamber associations.

“The Chamber of commerce is at the service of all its members and Turkish companies in our country,” concluded Golubović.

Read more news about business in Montenegro at TMN's dedicated page.

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