Inflow of foreign investments in seven months EUR 350.6m

According to preliminary data of the Central Bank of Montenegro (CBCG), the net inflow of direct foreign investments in the period from January to July 2010 amounted to EUR 350.6m and is 9.5 percent lower than in the same period in 2009.

Total inflow of direct foreign investments amounted to EUR 409.8m, which is 12.4 percent less than in the same period in 2009. The biggest inflow of direct foreign investments was realised on the basis of investments in domestic companies and banks – EUR 210m, which is 23.5 percent less than in the same period of 2009. Inflow of EUR 100.6m was recorded in the form of intercompany debts, which is an increase of 5 percent.

News source: Limun.hr link: article

Fabris: Montenegro to technically come out of the recession on Friday

Main economist of the Central Bank of Montenegro (CBCG) Nikola Fabris said that Montenegro would technically come out of the recession on Friday, October 1. He said that the banking system has been stabilised, Montenegro is gradually entering the growth phase and further capital increases of banks cannot be excluded, as well as the fact that the capital of three banks has been increased this year.

A frame for preserving the financial stability needs to be developed in the future, which implies strong institutions and precise national plans. Great interest in the directions of development of the economy characterised the Conference on economy of Montenegro on Thursday, October 29.

 News source: Limun.hr link: article