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As Montenegro (who are already a well established member of Nato) push towards full EU membership, it’s good to know that they have a near neighbour’s full support in the likes of Poland, who’s president Andrzej Duda recently held talks with Montenegro’s President Milo Djukanovic regarding the Three Seas Initiative.

After initially signalling it’s intent to join the European Patent Association back in 2007, the long road has now come to an end, and Montenegro has finally become the 39th State to join the elite organisation. Starting in 1977 with just seven founding states, the European Patent Association has grown over the years, to include all 27 EU member states plus the likes of Albania, Iceland, Monaco, Norway, Turkiye and now Montenegro.

Be ready to go to Montenegro to explore the opportunities of investments and real estate purchase!

Montenegro, over the past few years has risen significantly and (as we keep reporting) is now regularly featured as one of the top ten places to visit, especially Kotor which dates back thousands of years and is a UNESCO World Heritage site, which attracts millions of tourists per year, many of which arrive by Sea.

The National Air Carrier of Montenegro, Air Montenegro, continues their strong growth this year and since the beginning of 2022 they have transported over 230,000 passengers which represents a significant increase of 150% compared to the same period of 2021.

A bright future is just around the corner! Chain hotels are gradually gaining a place under the Montenegrin sun. The luxury tourism map is expanding at an incredible rate: more and more tourists, buyers and investors come here to enjoy gorgeous views, delicious cuisine and high-level service.

Montenegro, a country which relies heavily on Tourism (around 25% of it’s total GDP is attributed directly to Tourism and Tourism based activity) received a boost this week, as it was confirmed that not only are tourist numbers back to pre-pandemic levels, but also that UK tourists are set to spend the most out of any Nationality as they look for more luxurious alternatives, without the long-haul flights and the high price tags.

It might have taken several years to build and surpassed the original deadline of May 209, but finally on the 13th July 2022 the Priority Section of Montenegro’s first Highway was opened, stretching around 41.5km from Smokovac near Podgorica to Matesevo near Kolasin. This section of the highway, partially built by a Chinese construction firm, stretches across Mountains whilst passing through 16 tunnels and 20 bridges. The full highway, once completed should be around 100 miles and will actually connect the resort of Bar in Montenegro to Boljare in Serbia.

The Summer ‘Theatre City’ Festival is being welcomed back to Budva for the 36th time in its history, and lasting from the 7th July to the 31st August it transforms this beautiful and culturally important city into a ‘live stage’ with every one of its squares, plazas and piazzas playing host to a series of plays, musicals, live concerts and poem readings.

Montenegro is one of the world’s fastest growing tourist destinations of the modern era and as its economy continually demonstrates positive growth (bar the covid pandemic) it’s no surprise that there’s an influx of property investment throughout the major resorts, resulting in an average price increase of around 7%, with new builds rising by between 10% and 13%.

You always know that things are moving well, when one of the world’s largest & most respected airlines in the world announces new routes to your country, and that’s just what happened recently for Montenegro as Turkish Airlines connected Istanbul with both Podgorica & Tivat.

Having started back in 2006, with the launch of our Management division, CMM Group has now become a fully established Property Company, servicing clients right across the globe and fulfilling their Real Estate wishes in both Montenegro & Spain.

Live & Invest Overseas is the leading resource for those who wish to live, retire and invest overseas, and they’ve just released their seven best International Destinations for the Summer of 2022, which ranks Kotor, Montenegro in third place.

Montenegro welcomed in a new Government this week, following on from the Vote of No Confidence in the previous minority cabinet led by Zdravko Krivokapic back in February.

‘Montenegro has the opportunity to reach the European consumption and quality of olive oil per capita’ – those were the words echoed by PM Krivokapić when he officially opened the new ‘House of Olives’ last week in Bar.

The International company CMM Investment Consulting Group will take part in the exhibition of overseas property "A Place in the Sun", which will be held from May 6 to 8 in London

We invite you to feel the atmosphere of places where the Sun shines more than 260 days a year, where the sea is warm, and where it is so nice to relax, enjoying the incredible local nature and tranquility.

Currently, the only direct flights from London to Podgorica are with the low budget airline Ryanair, however, that’s set to change as Wizz Air has joined the scene, and will also start flying direct from London to Podgorica from the 9th April 2022.

Germany looks set to become a long term and reliable Investor in Montenegro, as a delegation of interested individuals led by Volker Zeh (Honorary Consul of Montenegro in Germany) met with Deputy Prime Minister Dritan Abazović and discussed various ideas.

Given that around 25% of Montenegro’s GDP is attributed directly to tourism it’s easy to see why their economy suffered enormously during the pandemic of the last 18 months, however, ease in restrictions, an excellent vaccine programme ...

It’s late January and an auction is being held for the right to launch Montenegro’s first commercial 5G services in parts of Podgorica. Crnogroski Telecom won the contract with a bid of $8m, and they are now putting that money to good use installing the equipment in the Tolosi, Dalmatinska and Elastik areas of the Capital City.

Kolašin is already quite a popular Skiing area, but the inauguration of a new Cable car connecting both resorts of Kolašin 1600 and Kolašin 1450 will increase infrastructural connectivity, enable the use of a further 45km of ski slopes in the region, and elevate the resorts global attractiveness as a competitive ski centre.

Air Montenegro (the National Carrier of Montenegro) was launched as a result of the previous carrier, Montenegro Airlines, going into administration and being shut down by the government in December of 2020. Since the new company ....

Further foreign investment looks set to continue in Montenegro throughout 2022, as relations between Montenegro & the USA are stronger than ever. The ICT Sector is just one of the areas that will be of key importance, and over the next few months Montenegro will look to connect IT companies with investors, business corporations, mentors and leaders from around the world.

That’s the new message that is sweeping across Montenegro, following on from the public launch of the official campaign in Podgorica yesterday. Designed to combat various forms of hate speech ...