Podgorica – Montenegro until now had a huge success in attracting of direct foreign investments which in the previous ten years were 1, 3 billion of euros, published the Governments Agency which is in charge for their promotion.
The same conclusion about successfulness in attraction of foreign investments MIPA had two years ago, when for the first time it published a brochure named 111 most frequent questions of the investors.
– Total investments in the period from 1997 to the end of 2004 were around 420 millions of euros. With the goal to increase them the Government has founded MIPA. In 2005 total investments were 328, 8 millions of euros, and in the past year they were 502 millions – it is stated in the brochure of that institution.
Main investors, according to the publication, come from Norway, Austria, Russia, Slovenia, and Hungary. The investors among other things, will find out from the publication that the Montenegrin gross domestic product last year went up per 6, 5% to 1, 78 billions of euros or 1, 79 thousands of euros per capita. In the brochure it is stated that the number of employees people in that period increased for 5% to 203.500, the export of goods and services for 40% to a billion of euros, and the import for 1//3 to 1, 4 billions of euros.
They also noted the estimation of the Center for entrepreneurship and economic development that last year the level of the grey economy was 20%, 5% less than in the year 2005. For years 2003 and 2004 in the brochure there are no records, while for the year 2002 it is stated that the grey economy made 30% of legal economy.
In this publication too, just as in the previous one, it is stated that privatization in Montenegro is one of the most successful ones in all the countries in transition.
For this year they have announced open competitions for privatization of Duvanski kombinat (TOBACCO INDUSTRY), hotels of Budva Riviera, Institute “Simo Milosevic” and small hydroelectric power stations.