For the period January–November 2022, companies and investors invested €764 million in Montenegro, of which €672.12 million was foreign investment. The inflow of investment from foreign citizens amounted to €308.43 million. According tothe Central Bank of Montenegro, the net amount of foreign investment at the end of November 2021 was €455.55 million.
Over the 11 months of 2021, foreign citizens and companiesinvested€159 million in companies and banks.
The CBCG notes growth in foreign investment in real estate
The Central Bank notes a growing trend in real estate investment. Specifically, according to the data available at the moment, foreigners paid as much as €245.73 million for it by the end of November 2021 — the highest annual amount since the previous economic crisis of 2008, triggered by rising real estate prices worldwide. For many years, Russia led the list of countries from which the largest amount of FDI came. During the stated 11 months of 2021, its citizens and companies invested €129.54 million. This means that Russian citizens invest an average of about €11.78 million per month. Of this amount, the largest sum — €49.46 million — went to real estate they purchased in Montenegro. Serbia ranks second on the list, and investments by its citizens over the same period reached almost €72 million. Here too, most of the money went into buying real estate in Montenegro, for which €33.16 million was allocated. Malta ranks third among investors with €70.37 million, but these investments consist almost entirely of corporate debt.