After gaining independence in 2006, Montenegro, a rustic half the scale of Wales and with a population of just 625,000 has attracted over €4 billion in foreign investment, and now has investors from over 100 countries all over the world.
The latest property development funded by British private equity company, the Boka Group – who’ve themselves managed over €1 billion of development value within the country, celebrated the beginning of construction on its latest scheme of luxury villas overlooking Kotor Bay last week, marking the beginning with a foundation stone ceremony attended by the mayor of Kotor.
Speaking recently minister of sustainable development and tourism, Branimir Gvozdenović said: “It is a simple country during which to do business and visit.
“We desire to take care of luxury tourism and accomplish a high standard of service to present us a competitive advantage.
“We are very proud that we’ve investors from 107 countries around the globe.
“Only two years after independence, foreign direct investment had increased near 1 billion euro, in comparison with ten million euro only seven years before.”
The minister also stressed: “Not only will Montenegro have the ability to offer prime quality accommodation, it also offers a various experience- in a brief expanse of time, you’re able to visit the coast, the canyons inland, Lake Skadar and the mountains.”
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