Montenegrin investment volume hits €3bn

Driven by a robust tourism sector, the investment volume in Montenegro has reached €3bn, according to Pavle Radulovic, the country’s minister of sustainable development and tourism. “This is certainly a result of which we are very proud of. For the first time in its history, Montenegro achieved direct and indirect tourism revenues in the amount of more than €1bn. Also, our country was visited by 2.2 million tourists and these tourists had almost 13 million overnight stays,” said Radulovic, during the 10th annual Festival of Real Estate and Investment. “The Montenegrin economy recorded growth at the rate of 5 percent last year, and the results achieved in tourism significantly contributed to this growth and stable credit rating.”