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Get to Know About Montenegro
Montenegro is a country in Southeast Europe which borders Bosnia and Herzegovina Serbia, Kosovo, Albania, and Croatia. It has a total area of 13, 812 square kilometers and an estimated population of 6.2 hundred thousand. Montenegro is a newer state in the globe, with its independence date being June 3, 2006.
Being in Europe, Montenegro has good development stats. Its GDP on the basis of Purchasing Power Parity is $12.438 billion while the HDI is 0.8014. The government has been striving to make its service sector one of the strongest in the world (especially tourism) and has a vision of joining the EU. Additionally, the agricultural industry has a lot of prospects in the Balkan state.
Doing business in Montenegro provides a lot of potentials, especially because the country is developing rapidly. Even though not already the best, it has good infrastructures (there are large road networks, but not a single highway meeting EU standards). Education and health systems are organized, and the government has been bringing various incentives targeted towards FDI. With factors such as this, the World Bank placed Montenegro 50 among 190 economies in the ease of doing business Index in 2018.
As you can see, Montenegro is a new country, thus has a lot of things to take care of before it can realize its visions. Corruption remains a problem, and the state yet must introduce and implement effective legislation before integrating into the EU.