Montenegro in a nutshell
Montenegro, meaning “Black Mountain,” is a small country situated in Southeastern Europe, along the Adriatic coast. It is often referred to as the “Gem of the Balkans.” Montenegro boasts stunning natural beauty, rich cultural heritage, and fascinating historical landmarks. This is why tourism plays a significant role in Montenegro's economy, contributing about 25% to the country’s GDP. Every year, the number visitors it's three times its population of approximately 630,000.
Outstanding business features
- Montenegro is a NATO member and is a candidate for EU membership.
- It has one of the lowest tax rates and property taxes in Europe.
- Qualified and affordable workforce: English is widely spoken across professions and trades.
- Good transportation infrastructure. Fast, stable Wi-Fi is available virtually everywhere across the country.
Economy and infrastructure
Montenegro's economy and currency have remained stable in recent years. Since 2002, the country has adopted the euro as its official currency. It has been a member of the World Bank and the International Monetary Fund (IMF) since 2007. As a participant in the Stabilization and Association Agreement (SAA), it is committed to maintaining an open market, increasing private investment, and protecting property rights, all of which are expected to further its economic development.
