10 September 2019 - Montenegrin Deputy Prime Minister for Regional Development Rafet Husović recently hosted a delegation of the Federal Association for Economic Development and Foreign Trade from Germany - Bundesverband für Wirtschaftsförderung und Außenwirtschaft (BWA), led by Chairman of the Board of Directors Michael Schumann. The meeting discussed the tourism development potential of Montenegro with special emphasis on Ulcinj, a destination which arouses great interest of German guests.
DPM Husović presented the current work of the Government of Montenegro, investments and activities in the tourism and other branches of the economy, as well as potential investment opportunities in this area. He also expressed satisfaction that increasing number of German business people are interested in investing in Montenegro, which is also an indicator that business people from Germany and the European Union recognise this country as a destination for developing their business ideas.
Mr. Schumann informed the Deputy Prime Minister about the BWA's activities and plans to increase its presence in Montenegro in the coming period.
According to Schumann, the BWA is an exclusive, non-profit business association, solely funded by 1300 companies, members or partners supported by the BWA in various projects. The federal office of the association is located in Berlin.
The Federal Association for Economic Development and Foreign Trade (BWA) represents an association that connects solution-orientated individuals who are equally knowledgeable about both the economy and science, but also about research, politics, civil society and the media. The BWA promotes regional, national and international economic development, economic interests of its members, foreign trade, fair co-operation between businesses of all sizes and legal forms as well as state-run institutions and regional authorities.
The Association aims for better regulatory design, namely a global eco-social market economy that applies the best experience(s) of the European Union and its expansion processes. Simultaneously, its members are also working within Germany on intelligent and situation orientated adaptations to global challenges.
The objective targeted by all of the activities of the BWA is to work together with its members in order to contribute to making Germany and Europe fit for the future whilst simultaneously campaigning for a global eco-social market economy.
Read more about the business environment in Montenegro at TMN's dedicated page.