{"id":2752,"date":"2025-11-19T15:54:24","date_gmt":"2025-11-19T15:54:24","guid":{"rendered":"https:\/\/mfic.me\/?p=2752"},"modified":"2025-11-20T16:52:10","modified_gmt":"2025-11-20T16:52:10","slug":"white-book-investment-climate-in-montenegro-2025","status":"publish","type":"post","link":"https:\/\/mfic.me\/cnr\/white-book-investment-climate-in-montenegro-2025\/","title":{"rendered":"White Book \u2013 Investment Climate in Montenegro 2025"},"content":{"rendered":"

The Montenegrin Foreign Investors Council (MFIC) presented the 15th anniversary edition of the White Book \u2013 Investment Climate in Montenegro 2025<\/a><\/strong> during a dedicated panel discussion featuring MFIC Board members Tam\u00e1s Kamar\u00e1si (CKB)<\/strong>, Branko Mitrovi\u0107 (One Montenegro)<\/strong>, David Margason (Porto Montenegro)<\/strong>, Vasilis Panagopoulos (Jugopetrol)<\/strong>, as well as MFIC Executive Director Arijana Nikoli\u0107 Vu\u010dini\u0107<\/strong>.
\nRemon Zakaria (EBRD)<\/strong> joined the event through a video message.<\/p>\n

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The new edition shows that the MFIC Ease of Doing Business Index remains at 6.5<\/strong>, the same as the previous year. Telecommunications continue to hold the highest score, while banking, manufacturing, energy and trade recorded moderate growth. Tourism, as Montenegro\u2019s key economic sector, is the only one that registered a decline.<\/p>\n

Key findings of the White Book<\/strong><\/h2>\n

Presenting the publication, Arijana Nikoli\u0107 Vu\u010dini\u0107<\/strong>, MFIC Executive Director, highlighted that the White Book provides a comprehensive overview of the business environment through four chapters: international assessments, national policy frameworks, the MFIC Index, and recommendations for improving the investment climate.<\/p>\n

The MFIC Index remains stable at 6.5<\/strong>, while member companies rated the overall business environment with an average score of 6.3<\/strong>. Telecommunications once again achieved the highest sectoral score (7.2<\/strong>), followed by banking (7.0<\/strong>). Tourism recorded a decrease of 0.2 points<\/strong>, dropping to 4.3<\/strong>, signalling the need for targeted improvements in the years ahead.<\/p>\n

Manufacturing and energy increased to 6.1<\/strong>, trade improved by 0.3 points, while transport stagnated due to lower ratings in infrastructure. Out of 15 parameters, nine improved, two declined and one remained unchanged. The Human Capital Index rose to 5.6<\/strong>, while the Rule of Law Index increased to 5.3<\/strong>, supported by progress in EU integration.<\/p>\n

This year\u2019s edition introduces three new indices: Public Administration Efficiency<\/strong>, Regulatory Framework<\/strong>, and Innovation and Technology Transfer<\/strong>, with public administration receiving the lowest score (4.8<\/strong>).<\/p>\n

Progress on recommendations<\/strong><\/h2>\n

Of the 56 recommendations included in the previous edition, state institutions provided responses for 40<\/strong>. Three recommendations were fully implemented, three saw no action, while 34<\/strong> recorded partial progress. Fourteen new recommendations were added, along with ten key measures that had the greatest positive impact and ten priority barriers requiring urgent attention.<\/p>\n

Messages from the MFIC Board<\/strong><\/h2>\n

Opening the event, Tam\u00e1s Kamar\u00e1si<\/strong>, President of the MFIC Board of Directors, emphasised the importance of the White Book as a long-term record of dialogue between investors and institutions, and as a practical tool for policymakers.<\/p>\n

MFIC Board members shared their insights on sectoral developments and priorities for the period ahead:<\/p>\n