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NaslovnicaEnglish NewsBusiness NewsMajority of foreign companies present in Podgorica

Majority of foreign companies present in Podgorica

Podgorica, (MINA-BUSINESS) – According to Monstat, the majority of foreign companies in Montenegro, more specifically 33.4 percent of them, were present in Podgrica last year.

The statistics say that a considerable number of companies, whose founders are not citizens of Montenegro, are located in the municipalities of Budva (27.4%), Bar (1.5%), and Herceg Novi (7%).

Monstat says in a press release that 16.4 percent of foreign companies doing business in Montenegro are owned by Russian citizens.

They are followed by the founders from Serbia (17.5%), Ukraine (5.6%), Italy (4.6%) and Bosnia and Herzegovina (3.9%).

“Every year, the share of companies owned by citizens and companies from Ukraine is increasing considerably,” the press release says.

Twenty-two percent of foreign companies are involved in wholesale and retail trade and repair of motor vehicles and motorcycles, followed by those doing business in the civil engineering (13.8%), science and technical (20.8%) and real estate sector (7.3%). Longer version of article is available on a link MINA ENGLISH SERVIS

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