Preliminary data from the Central Bank of Montenegro (CBCG) shows that net foreign direct investment (FDI) inflows between January and May 2025 totaled €198.19 million, representing a 7.67% decrease compared to the same period in 2024.
Total FDI inflows for the first five months amounted to €354.33 million, down 3% from January–May 2024.
The majority of investments, 62.8% (€222.51 million), came through equity investments. Within this category, investments in companies and banks dropped sharply by 40.94% to €31.24 million, while real estate investments rose by 12.63% to €191.27 million.
Intercompany debt inflows amounted to €123.82 million, down 10.10% year-on-year, making up 34.94% of total inflows. Other investments, including withdrawals from abroad, accounted for €8 million (2.26%).
On the outflow side, total FDI outflows increased by 3.65% to €156.14 million. This included €43.13 million in investments by residents abroad and €113.01 million representing foreign investors withdrawing funds from Montenegro.
