Economy

Montenegro envoy calls on Turkish businesses to invest in country

Tourism, energy, furniture, IT, among key sectors for bilateral business cooperation

Tuba Sahin   | 23.09.2021
Montenegro envoy calls on Turkish businesses to invest in country FILE PHOTO

ANKARA

Montenegro's envoy to Ankara has called on Turkish businesses to invest in the Balkan country to achieve the bilateral trade volume target of $250 million by 2022.

Montenegro offers great opportunities to Turkish businesses in tourism, energy, metal processing, furniture, IT and agriculture sectors, Perisa Kastratovic told at a virtual news conference on Thursday.

"If we initiate joint ventures, these are the sectors where can have the best cooperation," Kastratovic said, adding that Montenegro can benefit from Turkey's expertise especially in tourism and furniture.

Stressing that economic diplomacy is Montenegro's priority, Kastratovic said: "Within this context, we see Turkey a significant economic partner, and are open to Turkish companies and investments."

He added: "We want to improve bilateral trade and overall relations with Turkey."

The envoy said foreign trade will help increase and value addition to exports, and create new opportunities and markets.

He said the bilateral "friendly relations" were further enhanced during the COVID-19 pandemic as Turkey was one of the first countries that provided aid to Montenegro.

Ugur Cimen, the chairman of a consulting firm in Montenegro, explained the country's attractiveness for investors citing its qualified labor force, corporate taxation system as well as geographical location.

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