Podgorica – Montenegro last year drew 505 millions of direct foreign investments in business, which is 31% more than in the last year, but still hasn’t solved the key problems with which the investors are facing with – those are the records of the Agency for promotion of foreign investments (MIPA).
– Based on the analysis, which we made by contacting the investors who are getting ready to invest in Montenegro, or to widen the already existing investments, we think that the amount in this year will be 650 millions of euros, maybe even bigger. There is no reason to worry about the movements of the investments in this year – announced on a press conference the director of the Agency, Petar Ivanovic.
According to the records of MIPA, the investors in Montenegro come from 60 countries, and among them none of the countries is dominant, but the most valuable investments came from Norway, Russia, Hungary, Austria, Slovenia, and Great Britain.
The problems with which the investors in Montenegro most often meet are the rigid Law on work, but also more and more the procedure for acquiring the permits and licenses, non transparency of the information about the urban plans, and lack of those about the zones of industrial facilities.
– For the first time appears also the problem of the import procedures, because they are longer than it can be imagined, and they are starting to be complicated. Still, the regulation about the free trading zone in Bar is unclear, not in the sense whether you can register a firm which you would like to be there, but how to do that – warns Ivanovic.
The offers of the companies Foster Viler about the construction of the refinery, which is 2 billions of euros worth, but also of Stratcraft, Bektel and Raynair still didn’t get a reply.
– If we solve at least three major issues we can expect at least three billions of euros of investments until 2011, according to a conservative estimation, and until the year 2030, 30 billions. Compare those data with the current gross domestic product in Montenegro, and you will get a clear picture about the possibilities of the development – said Ivanovic.
In order for those investments to be realized, Ivanovic suggests, we need to complete the privatization in the following three years, increase economic liberties, strengthen the security of all the investors, improve the application of the law and solve the operational problems quicker.
The most important among them, as he says, are in connection with the energetic and highways, because Montenegro in 20 years will need a billions and a half of euros for the import of the electricity and at the current lower prices.