Situated in south eastern Europe, Montenegro shares land borders with Albania, Kosovo, Bosnia, Croatia and Serbia. The Adriatic Sea lies to the country’s southwest. A founder member of the Union for the Mediterranean, Montenegro is also a member of NATO, the World Trade Organisation and CEFTA. Montenegro voted to become independent from Serbia in 2006.
Following independence, Montenegro’s economy has become more service-oriented. The tourist industry in particular has demonstrated impressive growth, and the government has expressed hope that Montenegro will become an elite tourist destination. The government has sought to attract foreign investment in the tourist industry – particularly in large infrastructure projects.
The Montenegrin economy only began industrialisation in the early years of the twentieth century. Today Montengro’s main industries include steel, aluminium, agricultural processing, and the manufacture of consumer goods.
Owing primarily to foreign direct investment, the Montenegrin economy has grown at a fast pace in recent years. In particular, Montenegro has experienced a boom in real estate, with wealthy expats – chiefly from the UK and Russia – investing in coastal property. The country’s main economic partners are Serbia, Croatia and Slovenia.
Montenegro has an extensive transport infrastructure, and the government has announced plans to improve the quality its road network – in particular the construction of motorways has been declared a priority. The country is served by two international airports, at Podgorica and Tivat.
Based in Podgorica, the country’s capital, HLB Mont Audit are one of Montenegro’s leading audit firms. HLB Mont Audit offer an array of services to foreign and domestic investors.
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