Montenegro's government to boost conditions for investors
The government in Montenegro has expressed its commitment to improving the country's legal framework and infrastructure for foreign investors.
Economy minister Branimir Gvozdenovic said that its real estate supply was worth hundreds of millions of euros and attracting interest from overseas buyers, reports the Balkan Investigative Reporting Network.
In addition, he said that throughout this year, there had been approximately 40,000 land tax registry changes as a result of the booming property market.
However, he stated that the government needed to continue with reforms in order to ensure that growth continues.
Mr Gvozdenovic commented: "It is necessary for the state to continue developing the legal system, the regulation of the workings of the legislature and cutting the administration."
He added that extra investment in infrastructure improvements, such as the country's road network, also needed to take place.
This comes after official figures cited by the Makfax news agency showed the number of holidaymakers visiting Montenegro between January and September was 20 per cent higher than at the same time last year.
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