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FDI in Montenegro down 1% y/y in Q1

Jun 18, 2024, 9:56:12 AMArticle by Iskra Pavlova
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June 18 (SeeNews) - The net inflow of foreign direct investment (FDI) to Montenegro dropped 1.08% on the year to 117.55 million euro ($126 million) in the first three months of 2024, the country's central bank said.

FDI in Montenegro down 1% y/y in Q1

Total FDI inflow dropped by 0.76% on the year to 208.81 million euro in the first quarter of the year due to lower investments in real estate, while the inflow of investments in domestic companies and banks and investments in the form of intercompany debt rose, the central bank, CBCG, said in its latest monthly statistical report published over the weekend.

The inflow of investments to companies and banks jumped 40.5% on the year to 36.13 million euro in the first three months of 2024, while investments in real estate fell by an annual 11% to 93.81 million euro.

FDI inflow in the form of intercompany debt rose 6.2% on the year to 75.39 million euro in January-March.

At the same time, total FDI outflow was flat on the year at 91.26 million euro in the first three months of 2024, with withdrawal of non-residents' funds invested in Montenegro amounting to 68 million euro, while investment of residents abroad totalled 23 million euro.

In 2023, Montenegro's net FDI inflow fell 45% to 429 million euro after rising 35% to 783 million euro in 2022.

($ = 0.934 euro)

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