FDI Statistics and Policy in Montenegro

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Central bank of Montenegro

FDI Statistics and Policy in Montenegro Istanbul
, 8 June 2006
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Central bank of Montenegro

• Investment framework
• Currency Euro since 2002 (before DEM since
  1999)
• Corporate Tax Rate 9
• VAT flat rate 17
• Personal Income Tax 15, 19 and 23
• Starting Capital for LLC 1
• Period for Registration of Your Business 4
  days
• National Treatment of Foreigners
• StandardPoors Rating for Montenegro
  BB/positive

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Central bank of Montenegro


Central bank of Montenegro the only
institution responsible for collecting,
processing and analyzing FDI data in Montenegro
Ministry for International Economic Relations
and European Integration- policy
maker Montenegrin Investment Promotion Agency
(MIPA)
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Central bank of Montenegro

• Methodology
• Prescribed by the International Monetary fund
• Balance of payments Manual, 5th edition, 1993
• Criterion - at least 10 per cent of the ordinary
  share or voting power
•  

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Central bank of Montenegro

• Measuring FDI - Data sources
• International Transactions Reporting System
  (ITRS)
• - measures individual balance of payments cash
  transactions passing through the domestic banks
• Central Depository Agency (CDA)

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Central bank of Montenegro

• Plans
• Enterprise surveys
• Company accounts - of the direct investment
  enterprise resident in our economy

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Central bank of Montenegro

Results of the Privatization Telecommunication
- 100 private ownership Banking - 80
private ownership Capital market -
100 private ownership Agriculture -
100 private ownership Services -
100 private ownership Tourism -
mostly private ownership (just a few hotels
.
remain in
majority ownership of the state) Industry
- mostly private ownership
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Central bank of Montenegro

FDI inward stock, EUR million
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Central bank of Montenegro

SDI per capita, in EUR

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Central bank of Montenegro

Structure of Investors by Countries (cumulative
2002 - 2005)
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Central bank of Montenegro

Structure of FDI, in 2005
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Central bank of Montenegro

Current account FDI as GDP
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Central bank of Montenegro

• Expectation
• Improving quality of FDI statistics
• Improving the dissemination and use of FDI data
• Better cooperation among countries from region

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Central bank of Montenegro

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