Country and Market Assessment
Country Independence
Montenegro became independent on 3 June 2006 following a referendum
on independence. The European Union ("EU") on 12 June 2006
recognised the referendum result and announced that EU members
would individually recognise Montenegro and establish diplomatic
relations with it. Serbia recognised Montenegro as an independent
state on 15 June 2006.
Montenegro became a member of the
UN on 28 June 2006 and joined the European Bank for Reconstruction
& Development on 6 September 2006, and the IMF and World Bank
in January 2007.
Montenegro's political and
consequential economic transformation over the last decade has been
progressive and is expected to result in accession to the EU in
2013. This accession is likely to materially result in increase
investment of capital into Montenegro real estate and the luxury
tourism and leisure market.
Economic Performance and
Outlook
Click here, for further information on Economic Performance and
Outlook of Montenegro.
Tourism Sector Economic
Performance and Outlook
Click Here for further information on Montenegro Tourism
Sector Economic Performance and Outlook.
LATEST NEWS
- World Bank to recommend how to advance Montenegro competitiveness17 May, 2012
- Quintessentially Expands into Southeast Europe 16 May, 2012
- Montenegro: the new beauty of the Balkans?16 May, 2012