Montenegro projects EUR 150mn FDI in 2005. Montenegro expects to attract FDI of EUR 150mn
next year, the minister for foreign economic relations Gordana Djurovic announced at a press
conference. Djurovic noted that the cabinet expected FDI to come from privatisation and through
greenfield projects, in particular in the tourism sector. The target of the cabinet is within reach
considering the launch of some large privatisation deals (sale of Telekom Montenegro and Podgorica
Aluminium Plant), which are expected to be finalised in early 2005. According to the figures of the
Montenegrin central bank, net FDI amounted to EUR 36mn in H1 compared to some EUR 45mn that
were reported in 2003.
Montenegro likely to receive credit rating soon. Montenegro can receive credit rating soon, it became
clear following the press conference of the minister for foreign economic relations Gordana Djurovic.
According to her, S&P has completed an analysis on the credit rating of the country. Montenegro is one
of the last countries in the region (along with Albania) that still does not have credit rating, which is
considered a significant impediment for foreign investments. We recall that recently Serbia was
assigned B+ long-term foreign currency rating with stable outlook by S&P.