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The volume of investment in Montenegrin property has reduced by 60%
The volume of investment in Montenegrin property has reduced by 60%
May 14, 2009According to the national bank of Montenegro, overall foreign direct investment in this particular sector of national economy has plummeted by 59.2% in January 2009, compared to January 2008.
In absolute measurements the indicator has worked out €11.4 million, t reports.
During the specified period the total volume of foreign direct investment in Montenegrin economy has plunged by 54.6%, down to €23.6 million. Experts claim that, despite the slowdown of investment activity, real estate still attracts the largest part of foreign investment, its share is equal to 42.8% of the overall investment volume.
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