Foreign direct investment (FDI) inflows in Montenegro totaled EUR 289.89 million by the end of April, marking a 3.89% decrease, according to preliminary data from the Central Bank of Montenegro (CBCG). Notably, the review highlights a continued decline in investments in real estate, a sector that previously dominated foreign investments.
The CBCG Bulletin reports that net FDI inflows from January to April amounted to EUR 161.84 million, reflecting a 9.85% decrease compared to the same period last year.
Equity investments accounted for EUR 178.28 million, constituting 61.50% of the total inflow. Within equity investments, investments in companies and banks reached EUR 44.94 million, marking a notable growth of 25.59%.
Investments in real estate totaled EUR 133.34 million, showing a decline of 2.62%. This continues the trend observed in the previous review, where real estate investments dropped by nearly 11%.
FDI inflows in the form of intercompany debt amounted to EUR 107.60 million, comprising 37.12% of the total inflow. This represents a 6.96% increase compared to the same period in the previous year.
In terms of origin countries for the largest investment inflows, Serbia led with EUR 51.3 million. Of this amount, over EUR 22 million was invested, with EUR 20.8 million directed towards real estate investments.
Russia followed closely with investments totaling EUR 47.96 million, predominantly in intercompany debt (EUR 27.4 million), while Russian nationals invested EUR 12.27 million in real estate.
