Publications

Here you can find our brochures with current investment opportunities in different sectors of the economy.

Transport and logistics

Strategic investment in road, rail, and air infrastructure are transforming national connectivity and integrating the country more closely with the European transport network. With over 3 billion € in planned investments, the country offers significant opportunities across road, rail and air transport. Key national projects include the construction of the Bar-Boljare and Adriatic-Ionian highways, the modernization of the Bar-Belgrade railway corridor, and the redevelopment of Podgorica and Tivat international airports through public-private partnerships.

These initiatives aim to enhance trade efficiency, facilitate cross-border mobility, and support sustainable economic growth. By Investing in Montenegro’s transport sector, partners gain access to a rapidly developing market positioned as a key logistics gateway of the Western Balkans.

Tourism

Montenegro remains one of the Mediterranean’s most appealing destinations for high-end and sustainable tourism investment, with a strong recent track record and clear government support.

In 2024, the country hosted approximately 2.6 million € tourists, generating around 15.59 million overnight stays. Foreign visitors accounted for 96.1% of those stays.

Major source markets in 2024 were Serbia (23.5 %), Russia (18.3 %), Bosnia and Herzegovina (8.4 %), Turkey, Germany, Ukraine, and United Kingdom. Coastal areas received the vast majority of tourism activity (93.8 %), with much smaller shares in mountain destinations (2-3 %), the capital (2.6 %), and other areas. While private (individual) accommodation accounted for over two-thirds of overnight stays (10.39 million), collective accommodations (hotels, resorts, composites, etc.) saw a modest increase in 2024 compared to previous years, even as private stays declined slightly.

Montenegro continues to demonstrate resilience and strong potential in its tourism sector. Early 2025 data shows a 6.3% increase in tourist arrivals compared to the same period in 2024, supported by rising passenger traffic at airports, enhanced connectivity, and expanding source markets such as China, the U.S., Israel, and the Middle East.

For investors, this means opportunities in luxury and boutique hotels, eco-resorts, mountain and nature-tourism infrastructure, as well as marinas and coastal real estate.

Destinations like national parks, lesser-known coastal towns, and off-season tourism are expected to become increasingly attractive. Furthermore, enhancing the price-quality proposition and supporting sustainable management of high-traffic heritage and coastal sites will be essential.

ICT Sector

A rapidly digital ecosystem is positioning our country as a regional hub for innovation and technology services. The ICT industry generated approximately 600 million € in revenues, with a net profit of about 73 million €.

The sector employs over 6,000 people, about 3,400 of whom are directly involved in IT services and products.

ICT exports have been rising sharply. Exports of computer services have gone from 7% to 21% of total exports over about four years.

Internet penetration is high, approximately 89-94% of the population uses the internet, depending on latest reports. Strong growth in IT services and products: increase in number of companies, revenues, profits, and employment in that sub-segment.

Montenegro has lows and strategies in place for digital transformation, ICT alignment with EU norms, e-Government, data protection, and telecommunications regulations.

High broadband and mobile coverage, increasing 5G deployment. Stable telecommunications backbone. Investors in cloud services, data centers, or connectivity have a strong base.

Innovation laws offering tax incentives, polices encouraging investment in startups, support from public-private partnerships. There is attention to strengthening ICT as strategic sector in innovation and smart specialization strategies. The increasing share of exports of computer services shows good potential for selling services internationally. Investor friendly market for remote/digital exports. Also opportunities in bringing in displaced tech firms from nearby regions.

Energy Investments

The ongoing transition toward renewable energy is reshaping the national energy landscape and creating robust opportunities for private investment.

With over 2.5 billion € planned for clean energy auction in 2024, the country offers a transparent and EU-aligned regulatory environment for investors.

Supported by institutions such as the EBRD and World Bank, Montenegro’s rapidly expanding solar, wind, and hydropower portfolio presents compelling opportunities for long-term, sustainable returns in the heart of the Western Balkans.

Construction Investments in Montenegro

Driven by sustained demand for residential, commercial, and infrastructure projects, the construction industry remains one of the most active investment segments in the economy.

The total value of completed works reached 672 million in 2024, reflecting steady growth and strong interest from foreign investors, particularly in real estate and tourism related developments.

Ongoing regulatory improvements and high market demand provide a stable foundation for profitable and diversified construction ventures.

Investing in Agriculture in Montenegro

Rich national resources, diverse climates, and strong government support make agriculture a steadily expanding investment field.

With 77 million allocated to the 2025 agricultural budget the largest in the country history and active EU IPARD III funding driving modernization, the sector is opening opportunities in agribusiness, food processing, and sustainable production.

Rising yields, improved infrastructure, and access to EU markets create favorable conditions for investors seeking long term value in Montenegro’s agriculture development.