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



04.10.2021

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 update 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 set 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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  • 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

  • Just a brief thanks to CMM! I was buying a plot for house construction. They found the best possible options for my inquiry, replied all my questions and made full accomodation till the deal close. Responsible managers, quality service. So greatful to the Company for the job done!

    Noah, 15.03.2019 13:13:00

  • Dear CMM team, just to leave a small feedback on the superjob you've done ! It was not an easy period for us with a child. As we had to sell our home property and decided alternatively buy some nice house at Montenegrin coast. We were truly frightened at the start. My colleague, being your customer, gave a good recommendation, so, we called the office. All the part, covering seach and purchase in Montenegro, was quickly, safe and perfectly done. Good luck and further success and propsperity to the company! Special thanks to Alexander and Snezana for professional approach!

    Mariana , 06.03.2019 13:06:00

  • Always thought that buying property abroad isnervous and difficult task. CMM changed my mindset. I felt support and care in every step: from the first call arranged till receiving the Owner's list. I am also happy about how they make my apartment management. Now, whenever me or my family members come home to Montenegro, I am absolutely confident that my apartment is in the best condition!

    Harry, 26.02.2019 13:11:00

  • Good day! The first time we met professionally organised step by step work with property in the Southern country. It was a nice surprise for me and my spouse. Well-established algorithms helped us to understand country, its particular features, pluses and drawbacks. Professional manager (Petar Kuzmich) helped us to avoid mistaken choice and provided a really wide number of options to choose from. We felt and still do absolutely safe while buying a house. Happy to come across with your company! Will recommend to our neighboors and family friends in first Norway home.

    Alice and Andrew, 05.02.2019 13:04:00

  • As people from the North, we would express our gratitude to CMM team for advice and professionalism! Never met this before dealing with real estate. Perfect job, super-trained experts! Thanks Google we reached you. Now holidays only with CMM! My daughter is in love with Montenegro. Now started to persuade me to buy some flat on the coast. We know to whom to turn for professioanl help now!

    Oliver, 23.01.2019 13:08:00

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