Driving factors of the montenegrin economy - FDI and tourism

Domazet, Ivana and Marjanović, Darko and Subić, Jonel (2024) Driving factors of the montenegrin economy - FDI and tourism. International Review (1-2). pp. 117-127. ISSN 2217-9739

Text 28-12-PB - converted.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (414kB)

Abstract

The aim of the paper is to assess the level of competitiveness of Montenegro and the possibilities for
future progress based on the analysis of the level of foreign exchange inflows from foreign direct
investment and tourism as factors contributing to the development of the Montenegrin economy. The desk
research was conducted on the basis of officially available data from the Central Bank of Montenegro and
the Statistical Office of Montenegro (Monstat). The period covered by the research is from 2019 to 2022.
The research results show that a foreign investor in Montenegro is legally treated in the same way as a
domestic investor, that the tax system is very attractive and among the most competitive in the whole of
Europe, which provides investors with an attractive business environment, a low tax burden and thus
maximizing their profits. Furthermore, one of the main priorities of the Montenegrin economy should be
focused on the development of tourism, as tourism in Montenegro is the foundation of the country's
prosperity and well-being. In this regard, those responsible for economic policy in Montenegro should
continuously evaluate and adapt their strategies to global economic trends in order to create an
appropriate business environment and thus the country's prosperity.

Item Type:	Article
Additional Information:	COBISS.ID=149529097
Uncontrolled Keywords:	Foreign Direct Investment, FDI, Tourism, Montenegro, Competitiveness, Business Environment
Research Department:	Digital Economics
Depositing User:	Jelena Banovic
Date Deposited:	14 Aug 2024 16:16
Last Modified:	14 Aug 2024 16:16
URI:	http://35.240.28.64/id/eprint/2087
Author Links:	[error in script] No links available.

Actions (login required)

View Item