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Montenegro
HOME >> COUNTRY REPORTS >> Montenegro
montenegro map
Official name Republic of Montenegro
Capital  Podgorica
Population  684,736
Currency  euro(EUR)
Official language   Serbian
GDP  $3,800

  STRENGTHS
  WEAKNESSES

One of the world's fastest growing tourist destinations

Affordable Real Estate Market

2010 is a good investment environment

Over 50% of all private capital in Montenegro is currently invested in real estate and construction projects

Montenegro prices did not fall, but developers were known to be giving discounts of up to 30% at the lowest point in the crisis

The use of Euro as a legal currency

Russia is one of the largest investor countries and concentrates above all on the real estate sector

 


The average salary is still very low

In the construction industry there is an obvious presence of the Russian oligarchs who are especially interested in the construction of hotels and residential buildings on the coast. The experiences of other countries show that this kind of business is very attractive for organized crime syndicates, because it is both highly profitable and a favorable means of money laundering.

High level corruption



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