Capital Podgorica
Time Zone CET (GMT+1)
Country Code 382
Mobile Codes 67,68,69
ccTLD .me
Currency Euro
Land Area 13,812 sq km
Population 672,000
Language Montenegrin
Major Religions Orthodox Christianity, Islam

Chinese Investment Developments in the Balkans 2016: Focus on Montenegro

August 9, 2016

By Bilsana Bibic On 7 July 2006, Montenegro (then a newly independent state) established diplomatic relations with the People’s Republic of China. China had recognized Montenegro’s sovereignty less than a month before. Since then, China’s relationship with Montenegro and other ex-Yugoslav countries has progressively evolved. According to Loïc Poulain’s article China’s New Balkan Strategy (2011), […]

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Summer 2011 Tourism Offerings in Budva, Montenegro: Interview with Tanja Drašković

May 29, 2011

In this new interview, Director Chris Deliso speaks with Tanja Drašković, Public Relations Manager for the Budva Tourism Organization, to get the latest on what’s happening at Montenegro’s premier coastal resort. Along with learning more about what comprises the offerings of this famed destination, readers are also treated to some interesting details on local […]

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Key Data

Notable Public Figures

Filip Vujanović, President

Duško Marković, Prime Minister

Milutin Simović, Deputy Prime Minister for Economic Policy and Financial System

Srđan Darmanović, Minister of Foreign Affairs

Osman Nurković, Transport & Maritime Affairs Minister

Mevludin Nuhodžić, Minister of the Interior

Zoran Pažin, Justice Minister

Darko Radunović, Minister of Finance

Pavle Radulović, Minister of Sustainable Development and Tourism

Predrag Bošković, Defence Minister

Brands & Distinctions

Sea and Mountain tourism, including canyoning; Water polo; poetic epics

Major Industries

Tourism, aluminum and steel production,  agriculture, construction

Key Trade Partners

Germany, Serbia, Switzerland, Italy, Russia, Bosnia, Greece

Main Airports

Podgorica, Tivat

Issues and Insights


Set invitingly on the Adriatic between Albania and Croatia, mountainous Montenegrin has received great foreign investment interest over the past few years due to its potential as a sea and mountain tourism destination. Indeed, these complementary geographies make Montenegro stunningly beautiful, and also help explain its long and eventful history as a wild land of insurrections, feudal fiefdoms and smuggling. This prevailing mentality remains ensconced in political life, and corruption is often pointed to as presenting a major challenge. However, a positive EC country report in October 2011, which gave the country the green light to start membership talks, appears to indicate the Brussels is more willing to turn a blind eye in order to hasten Montenegro’s process towards integration. And its invitation to join NATO five years later was another sign of Western interest.

Montenegro was the last Yugoslav republic to remain in state union with Serbia (until 2006). Its mixed Venetian, Ottoman and Yugoslav histories have left it with an eclectic mix of architecture, including seafront fortresses and mountain-top churches. Both before and after independence from Serbia in 2006, the issue of separateness of a Montenegrin language and church from those of Serbia has also been infused with historic and political argumentation, leaving a subtly divided society. Muslim minorities include ethnic Albanians in the south and Bosniaks in the Sandzak region that spills over into Serbia.

Despite not being an EU member, Montenegro was granted the right to use the Euro as its currency, and was even before the amicable separation with Serbia treated more favorably by the Western powers. It escaped bombardment during NATO’s 1999 intervention, when political leaders banked on then-Yugoslav president Milosevic’s unpopularity to present themselves as a friendlier ally for the West.

Now, several years after independence, the country happily accepts suitors from far and wide, and retains its historic identity as a middle ground where perceived enemies from without can meet to safely and discreetly do business. But the arrival of Russian, Arab, British and other investors in the hospitality sector indicate that the country’s rugged appeal is being discovered globally as well.

Outstanding Issues

Relations with Serbia and Kosovo, especially concerning refugee return issues and final border demarcation with the latter; corruption and organized crime in relation to political leaders;  the future of NATO and EU membership.

Forward Planning: Points of Interest

  • The Montenegrin NATO membership prospect and implications for relations with Russia, Serbia and the West
  • Pace and development of EU membership accession negotiations, authorized on October 13, 2011 by the EC
  • Investigations (or non-investigations) of government officials over corruption and organized crime on a transnational scale
  • Addressing ‘brain drain’ and regional imbalances in economic development