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NewsMontenegro has the potential for cooperation with respectable European companies

Montenegro has the potential for cooperation with respectable European companies

According to her, in the last five years, trade with Luxembourg was at a very low level, and the total investments from this country from 2017 to 2021 amount to 31.1 million euros, which indicates that there is a lot of room for improvement.

Montenegro has a great potential for attracting respectable European companies and investors whose intention is to expand business, it was announced from the business forum in Luxembourg held today, which was organized by the chambers of commerce of Montenegro and the host country.

The President of the Chamber of Commerce of Montenegro,  Nina Drakić, pointed out, among other things, that there are more than 10,000 Montenegrin citizens in Luxembourg, who recognize the favorable environment for life and work in this country. As a positive example of finding a favorable business environment in Montenegro, she cited the renowned company “Artec 3D” from Luxembourg, which expanded its operations to our country and opened a new European office in Bar.

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According to her, in the last five years, trade with Luxembourg was at a very low level, and the total investments from this country from 2017 to 2021 amount to 31.1 million euros, which indicates that there is a lot of room for improvement.

– There is a special interest in cooperation in the field of agriculture – primarily in the production of organic food, forestry, fishing and water production, and in tourism, for which we are recognized – especially in the field of health and rehabilitation, as well as sports tourism. Recent years also clearly indicate an interest in cooperation in the field of energy, especially in renewable energy sources and waste management, and of course in the field of information and communication technologies, said Drakić.

She pointed out that the general precondition of economic cooperation is high-quality traffic connectivity, which Montenegro is dedicatedly working on both independently and within the framework of the European network of projects.

– Montenegro’s expectations from the Adriatic Ionian Road are high. Emphasis should also be placed on the connection through the Port of Bar, which, with the revitalization of the railway and the continuation of the construction of the highway, could become a logistics center connecting Western and Southeastern Europe, said Drakić.

In the end, she expressed her belief that innovation incentives, blue and green economy, and waste management will be topics of mutual interest for the economies of the two countries.

Forum participants had the opportunity to learn more details about the economic conditions in both countries, investment and other economic potentials through the presentation of Carl Thelen, the general director of the Luxembourg Chamber of Commerce, who pointed out that there are significant business opportunities for Montenegro and Luxembourg within the framework of the new economic opportunity in Europe.

Participants had the opportunity to hear and see presentations by Mladen Grgić, director of the Investment Agency of Montenegro, Bojan Đordan, executive manager of FC production EPCG, and Artyom Yukhin, executive director of ARTEC 3D.

The Ambassador of Montenegro, Ivan Leković, pointed out that Luxembourg represents a new opportunity for the Montenegrin economy, especially since the current economic balance of Montenegro with this country clearly indicates that the exchange should be much higher. Leković believes that very good political relations contribute to the further strengthening of business.

Those present were greeted by Ambassador Philip Dunkel,  Ambassador of Luxembourg to Montenegro, who spoke about the very good relations between the two countries, which are constantly being improved through specific business projects, such as the opening of the Luxembourg company “Artec 3D” in Montenegro.

The event ended with bilateral meetings of company representatives on the possibilities of establishing cooperation on specific jobs, and was evaluated as successful, especially from the aspect of an immediate opportunity to familiarize businessmen with investment potentials and business opportunities.

Let us remind you that the business forum in Luxembourg was realized as part of a multi-day visit of the Montenegrin business delegation to this country and Belgium, which consisted of representatives of IT, energy, tourism, trade, logistics, aviation and other sectors, Dan writes.

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