Montenegro saw a significant decrease in foreign direct investment (FDI) in 2023, with net inflows dropping 45.23% to €428.67 million, according to the Central Bank of Montenegro (CBCG).
Total FDI, including outflows, fell 25.59% to €856.99 million, affected by reduced investments in intercompany debt and stakes in companies and banks. However, the real estate sector experienced a growth of 3.33%, reaching €463.18 million, despite overall declines.
The main sources of FDI were Serbia, Russia, Turkey, Germany, and Switzerland, with notable contributions from the United States and the United Arab Emirates.
With the total FDI outflow rising by 16.06%, Montenegro faces the challenge of attracting investment amidst global economic uncertainty, though the real estate sector offers a glimmer of hope.