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The ‘Out with the old and in with the New’ Approach starts to Pay Off for Montenegro


Under the current government of Montenegro who have used the approach of ‘out with the old and in with the new’ the future of this country looks very bright indeed. New laws continue to be implemented, significant changes have bought about a renewed confidence, foreign investment has increased dramatically and of course the road to European membership is clearer and gets ever shorter with meetings being held with officials almost on a monthly basis.

In a recent International Press upd ate Zdravko Krivokapić, the Prime Minister of Montenegro, was keen to point out several facts that may have been missed over the last few months, and which would further help push Montenegro on the International Scene. The facts are as follows:

  1. In 2021 Montenegro will record economic growth of 10%

  2. This years income from tourism will amount to around €700m, an increase of €556m in the previous year, though understandably much of that increase has been helped by Covid Restrictions being lifted.

  3. Between June & August 2021 there was a budget surplus of over €100m

  4. VAT Revenues are at a higher level than they were in 2019, by around €13m, mainly thanks to the tremendous summer tourist season

  5. Bank deposits increased by nearly €400m and exports of good increased by around €60m

  6. Public Debt was reduced from 103% GDP (in 2020) to 88% GDP (in 2021), and this looks se t to continue falling over the next few months

  7. Public finances were stabilized and a child allowance scheme was introduced, free textbooks for all primary school children and an increase in the minimum wage by 13%

  8. A hedging arrangement with two European and two American banks was made in July this year, thus protecting the country from currency risk and reducing the interest rate for the loan taken from the Chinese Exim Bank .

  9. New National Airline, Air Montenegro, was established and launched in record time, with new routes launched, and further on the way – perfect for increased tourism

  10. Crime figures dramatically reduced and there is now a ban on the storage of tobacco products within the Free Zone of "The Port of Bar".

  11. The Nature Park "Platamuni" was proclaimed the first marine protected area in Montenegro, while the "Katič" region also received the status of a nature park and protected area of national importance.

  12. 45% of adults in Montenegro have now received at least the first dose of the Covid-19 Vaccine, a number which is growing at a rapid rate.

  13. Support, compliments and congratulations from some of the most important European addresses, including Angela Merkel, Boris Johnson and Emmanuel Macron.

  14. Further proposals for numerous laws that will enable further reforms and improve the legal system.

During his address, Zdravko also mentioned that: ‘This expert Government has achieved extraordinary results in less than ten months. We are aware that it can always be better and that is why its doors remain open for all well-meaning, honest, hard-working and professional people, who are ready to contribute to the active fight against crime and corruption, raising the national economy and living standard of all citizens, and to our European agenda and defined foreign policy course’

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  • In period May-August 2022 we sold our flats in St-Petersburg Russia and  have bought two  ones here in Montenegro, Becici. We decided to move here and make new home and business with my husband. Our agent Milica Zugic  is really became our angel - provider here in Montenegro. She is very reliable, responsible , professional  employee of CMM Budva department. She has developed intuition and found very fast necessary properties which we needed. Also she helped us to speed up the process of registration documents in MUP.( list nepokretnosti, etc). She was our real provider here. Very appreciated her and all staff of Budva department for there assistance. Separately to lawyer Ivan and his legal team. Very recommended choose Milica Zugic as real estate manager when you search for assistant in this complicated and important field as buying property in Montenegro.

    Liudmila Nosova St-Petersburg Russia , 13.09.2022 11:20:09

  • At the beginning of April 2022, our family living in Prague bought a house in Sutomore with the assistance of your company.
    Let me express my gratitude to the management of your company for the service provided, and especially to your employees - Anastasia Zeyak, Alexei Grachev and Elena Bozhovich for their attention, patience and even care for the whole time of buying real estate and the services provided after the purchase.
    I would really like all companies to work with the same quality of service. After coming into contact with this kind of attitude towards the client, all our environment, if necessary, will refer to your company only.
    With gratitude on behalf of our family.

    A.V. Ter-Gazaryan, 12.07.2022 12:32:19

  • Based on my experience with CMM in Budva, Montenegro, I can say that they are reliable, fast, and they deliver what they promise. They take really good care of their clients. For instance, I was offered a lift from the airport, and they would take me back and forth from Tivat to Budva and Becici to see various properties. They would answer all of my questions and respond promptly. They have an excellent team: Katarina, Alexander, Natasha, Martin and some other guys whose names I don’t remember. Katarina, my wonderful agent, went to every length to help me find a perfect home. Unfortunately, my situation changed and I had to postpone my relocation to Montenegro.
    I would strongly recommend this company to anyone who is looking for a property in Montenegro.

    Val , 13.05.2022 04:18:13

  • We were introduced to CMM by friends who had already done research on Montenegro and CMM. We purchased our apartment in Dobrota, just outside Kotor, all remotely from South Africa, during the lockdown. Everything was seamless without any problems at all. All the CMM departments work together well from the sales team, head office, legal, interior design and rental department. Every detail was well communicated with an abundance of zoom meetings, videos, emails etc
    We are thrilled with the outcome and enjoyed working with the CMM team. They were incredibly professional.
    After sales service is also excellent as we move into the rental phase of the apartment and over all management of the apartment including maintenance.
    We have been directly and indirectly involved with many houses/apartments all over the world and this was the up there with the best service we have received.
    Thanks to everyone we dealt with at CMM it has been an absolute pleasure dealing with you all. We look forward too many happy years working with you on our rental.

    Mandy and Antoine, 06.10.2021 10:56:22

  • Biz Montenegroda CMM komandayla  tanish olmushug. Snejana ve Milan bize cox  yaxshi destek olublar. Artig bizim burada evimiz de var. Bize gosterdiler cox yuksek service, ve artig butun bizim senedler de gaydasindadir. Boyuk hormetle onlara Cox sagol bildiririk!

    Dilara, 01.10.2019 08:17:27

  • Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!

    Kate, 22.03.2019 13:06:21

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