- Montenegro set to join European Union
- Adriatic Coastline and historic sites make it an increasingly popular tourist destination
- Investment in tourist properties to accommodate growing tourist arrivals
Britain is on its way out of the European Union, but Montenegro appears to be on its way in. On April 15, 2018, pro-European Union candidate Milo Đukanović won Montenegro’s presidential election in a vote touted as a test of popular support for EU membership. The southeastern European nation has already begun to pave its entry into the European fold. Montenegro joined EU sanctions against Russia in 2014 and expelled a Russian diplomat after the poisoning of Russian émigré Sergei Skripal in the U.K. recently. Access to the Common Market will further boost an economy that is one of the fastest growing in Europe. With prospects so decidedly sunny, now may be an opportune time for investment. The experienced management team at American-Swiss Capital certainly thinks so. It has identified a number of distressed properties in Montenegro, which, with savvy management, hold the promise of high returns.
Montenegro’s economy has been clipping along at a nice pace. In 2017, GDP rose by 4.3 percent, ‘led by investment in highway construction and a record-setting…
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