"The European Union signed visa agreements with five Western Balkan nations yesterday making it easier and cheaper for citizens from those countries to travel to some parts of the 27-nation union. Agreements were signed with Albania, Bosnia and Herzegovina, the Former Yugoslav Republic of Macedonia, Montenegro and Serbia on simplifying travel documents."

ekathimerini.com

 

"In the cafés of Bosnia, Serbia and Kosovo, debate still centres on issues left unresolved after the collapse of Yugoslavia. But Montenegrins have escaped from all this-to talk instead of such mundane matters as house prices, jobs and stockmarkets."

economist.com

 

"Montenegro has joined the United Nations, the World Bank and the IMF, and initialed an agreement with the European Union. It has taken the first steps towards joining NATO."

economist.com

 

"To join the eurozone..... Montenegro already meets some of the tests. It has a budget surplus of 3 per cent and a public debt of 35 per cent of GDP."

ft.com

 

"Real GDP growth rate (2006/2005): 6.5%."

USA Department of state

 

"The Euro replaced the DM on March 31, 2002. The country established the lowest corporate tax rate in the region (9%)."

state.gov

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Articles on Montenegro

Foreign buyers look at Montenegro

The success of Bulgaria as an investment hotspot has led to property buyers increasingly looking at neighbouring countries.

BuyAssociation stated that a growing number of people are considering investment opportunities in places such as Montenegro, as they believe it is set to enjoy a property boom similar to that seen in Bulgaria.

However, spokesperson Paul Collins said Montenegro is also proving to be a popular destination in its own right, as it offers a number of lifestyle attractions.

"It's an absolutely beautiful country," he commented.

"There are real opportunities for people buying properties there."

Mr Collins added that the Montenegrin government is keen to encourage foreign buyers to invest in the market.

Therefore, it is making sure that the process of buying property is "as easy as possible".

The market was recently opened up to British buyers by Montenegro Airlines, which is now offering direct flights to the country from Gatwick Airport.
The Property Investor Show

 

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