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dr Dragana Radevic, CEEDdr Dragana Radevic, CEED
Investment & Business Investment & Business Opportunities in the Opportunities in the
region, region, case of Montenegrocase of Montenegro
May 14th, 2013May 14th, 2013
RCI Regional Access to Finance EventRCI Regional Access to Finance Event
““Challenges and Opportunities for Challenges and Opportunities for Better Future and Growth”Better Future and Growth”
Investment & Business Investment & Business Opportunities in the Opportunities in the
region, region, case of Montenegrocase of Montenegro
May 14th, 2013May 14th, 2013
RCI Regional Access to Finance EventRCI Regional Access to Finance Event
““Challenges and Opportunities for Challenges and Opportunities for Better Future and Growth”Better Future and Growth”
✪
Decline of Global FDI
Global foreign direct investment (FDI) inflows declined by 18% in 2012, to an estimated US$1.3 trillion - a level close to the trough reached in 2009 – due mainly to macroeconomic fragility and policy uncertainty for investors.
FDI flows to developing economies, for the first time ever, exceeded those to developed countries, by some US$130 billion.
Source: UNCTAD
Ernst & Young’s attractiveness survey. 2012
EY Attractiveness Survey on SEE
Strong improvement in investors’ perceptionLeadership on costs and productivity leading
to domination in labor intensive activitiesWeakness on quality and infrastructure
generating low interest in knowledge-based activities
A high level of confidence in the future driven by EU membership
A strong perception gap depending on investors’ experience in SEE
Areas of perceived improvement resulting from EU membership
Allocation of EU funds
Costs and labor shortage are major threats
From the epic past ...
… to the modern life
Dynamic of change
PastPresentFuture
Montenegro today is… (1)
Politically stable and safe country Has national treatment of foreigners Ability to remit profit, dividends and interest Euro – no hidden inflation Flat Tax System (CT 9%, PIT 9%, VAT 17%) Easy Business Start Up (1 EUR + 4 days) Increasing economic freedom.
Montenegro today is… (2)
EU candidate country with launched negotiations process
A step away from NATO membershipWith no open issues with its neighborsMember of WTOWith free trade agreements with EU,
CEFTA, EFTA, Russia, Ukraine and Turkey
Vision
By 2020 to become leading hub for business development in Adriatic region.
Priorities
Continuation of the regulatory reform Improving competitivenessStrengthening the capacities for attracting
FDI and building partnerships on national and local level
Promotion and communication for target sectors and markets.
Kumbor - SOCAR
Investment and Business Opportunities
Energy
Tourism
Agriculture
Industry
A strong perception gap depending on investors’ experience in SEE
Areas of perceived improvement resulting from EU membership
Allocation of EU funds
