Webinar: Doing business in Montenegro

Montenegro is a small but resilient economy with a population of 0.6 million. Despite its size, it offers a range of promising business opportunities, supported by its steady economic growth and progress toward EU membership.

Key economic highlights

• Steady Growth: After a sharp contraction in 2020, Montenegro’s economy rebounded, showing impressive growth. The outlook for 2024-2026 remains positive, supported by its EU integration efforts.
• EU Integration: Montenegro is progressing toward full EU membership, with ongoing reforms in governance and the economy. EU investments are boosting the country’s infrastructure and structural reforms.
• Currency and Financial Integration: The country uses the euro and joined the Single Euro Payments Area (SEPA) in 2024, simplifying financial transactions within the EU.

Key sectors driving growth

1. Tourism: With its stunning 300-kilometer coastline and mountainous landscapes, tourism contributes significantly to the economy. Opportunities exist in hospitality, hotel management, and travel infrastructure.
2. Infrastructure: Montenegro is investing €9 billion in its transport infrastructure, creating opportunities in construction and engineering projects across the country.
3. Renewable Energy: The country is focusing on sustainability, with growing opportunities in solar, hydro, and wind energy projects.
4. ICT Development: Montenegro is prioritizing ICT, with various opportunities for tech partnerships and knowledge transfer in industries like agriculture, environmental protection, and waste management.

Montenegro offers a dynamic environment for businesses looking to expand, with strategic sectors ready for investment.

Join our webinar to get insights from experts on the country, dive into economic indicators and concrete opportunities, and hear from Belgian companies active in Montenegro.