Investments from Turkey Increasing in Montenegro

By , 28 Sep 2019, 21:47 PM Business
Investments from Turkey Increasing in Montenegro Copyrights: Chamber of Commerce of Montenegro

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28 September 2019 - A memorandum on cooperation between the chambers of commerce of Montenegro and the Körfez district was signed on the Business Forum of Montenegro and Turkey in Podgorica. It was stated that investments from Turkey were increasing. In 2018, two states exchanged goods worth 100,7 million EUR.

This agreement is a solid basis for further economic relations with Turkey, said the signatories, Vice President of the Chamber of Commerce Ivan Saveljić and President of the Chamber of Commerce of Körfez Recep Öztürk 

"There is space for the improvement of economic relations between the two countries," said Saveljić.

The Turkish delegation consisted of the representatives of 30 companies of Körfez in the field of energy, construction, metal-processing, trade, logistics, automobile industry and real estate.

Presenting the economic environment of Montenegro, Saveljić pointed out that the country was characterized by intense economic growth.

The most important infrastructure and tourist projects will create safe presumptions for the further economic growth of Montenegro and improvement of life quality of its citizens.

Apart from cooperation in trade, investments from Turkey have surged. Since 2010, a total of 190,3 million EUR has been invested from Turkey, writes CdM.

Last year around 43.000 tourists visited Montenegro. Montenegro expects new investments in the energy sector.

"We have excellent cooperation with Turkish chambers of commerce," said Saveljić.

President of the Chamber of Commerce of Körfez pointed out developed historical and cultural bonds our countries shared.

"We should use this stable interstate cooperation in order to reinforce business cooperation," said Öztürk.

He acquainted his interlocutors with the region he comes from. It is one of the most developed regions in Turkey and it has 160.000 inhabitants.

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

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