Montenegro, a country which relies heavily on Tourism (around 25% of it’s total GDP is attributed directly to Tourism and Tourism based activity) received a boost this week, as it was confirmed that not only are tourist numbers back to pre-pandemic levels, but also that UK tourists are set to spend the most out of any Nationality as they look for more luxurious alternatives, without the long-haul flights and the high price tags.

It might have taken several years to build and surpassed the original deadline of May 209, but finally on the 13th July 2022 the Priority Section of Montenegro’s first Highway was opened, stretching around 41.5km from Smokovac near Podgorica to Matesevo near Kolasin. This section of the highway, partially built by a Chinese construction firm, stretches across Mountains whilst passing through 16 tunnels and 20 bridges. The full highway, once completed should be around 100 miles and will actually connect the resort of Bar in Montenegro to Boljare in Serbia.

The Summer ‘Theatre City’ Festival is being welcomed back to Budva for the 36th time in its history, and lasting from the 7th July to the 31st August it transforms this beautiful and culturally important city into a ‘live stage’ with every one of its squares, plazas and piazzas playing host to a series of plays, musicals, live concerts and poem readings.

Montenegro is one of the world’s fastest growing tourist destinations of the modern era and as its economy continually demonstrates positive growth (bar the covid pandemic) it’s no surprise that there’s an influx of property investment throughout the major resorts, resulting in an average price increase of around 7%, with new builds rising by between 10% and 13%.

You always know that things are moving well, when one of the world’s largest & most respected airlines in the world announces new routes to your country, and that’s just what happened recently for Montenegro as Turkish Airlines connected Istanbul with both Podgorica & Tivat.

Having started back in 2006, with the launch of our Management division, CMM Group has now become a fully established Property Company, servicing clients right across the globe and fulfilling their Real Estate wishes in both Montenegro & Spain.

Live & Invest Overseas is the leading resource for those who wish to live, retire and invest overseas, and they’ve just released their seven best International Destinations for the Summer of 2022, which ranks Kotor, Montenegro in third place.

Montenegro welcomed in a new Government this week, following on from the Vote of No Confidence in the previous minority cabinet led by Zdravko Krivokapic back in February.

‘Montenegro has the opportunity to reach the European consumption and quality of olive oil per capita’ – those were the words echoed by PM Krivokapić when he officially opened the new ‘House of Olives’ last week in Bar.

The International company CMM Investment Consulting Group will take part in the exhibition of overseas property "A Place in the Sun", which will be held from May 6 to 8 in London

We invite you to feel the atmosphere of places where the Sun shines more than 260 days a year, where the sea is warm, and where it is so nice to relax, enjoying the incredible local nature and tranquility.

Currently, the only direct flights from London to Podgorica are with the low budget airline Ryanair, however, that’s set to change as Wizz Air has joined the scene, and will also start flying direct from London to Podgorica from the 9th April 2022.

Germany looks set to become a long term and reliable Investor in Montenegro, as a delegation of interested individuals led by Volker Zeh (Honorary Consul of Montenegro in Germany) met with Deputy Prime Minister Dritan Abazović and discussed various ideas.

Given that around 25% of Montenegro’s GDP is attributed directly to tourism it’s easy to see why their economy suffered enormously during the pandemic of the last 18 months, however, ease in restrictions, an excellent vaccine programme ...

It’s late January and an auction is being held for the right to launch Montenegro’s first commercial 5G services in parts of Podgorica. Crnogroski Telecom won the contract with a bid of $8m, and they are now putting that money to good use installing the equipment in the Tolosi, Dalmatinska and Elastik areas of the Capital City.

Kolašin is already quite a popular Skiing area, but the inauguration of a new Cable car connecting both resorts of Kolašin 1600 and Kolašin 1450 will increase infrastructural connectivity, enable the use of a further 45km of ski slopes in the region, and elevate the resorts global attractiveness as a competitive ski centre.

Air Montenegro (the National Carrier of Montenegro) was launched as a result of the previous carrier, Montenegro Airlines, going into administration and being shut down by the government in December of 2020. Since the new company ....

Further foreign investment looks set to continue in Montenegro throughout 2022, as relations between Montenegro & the USA are stronger than ever. The ICT Sector is just one of the areas that will be of key importance, and over the next few months Montenegro will look to connect IT companies with investors, business corporations, mentors and leaders from around the world.

That’s the new message that is sweeping across Montenegro, following on from the public launch of the official campaign in Podgorica yesterday. Designed to combat various forms of hate speech ...

One of the largest Hotel Groups in the World, with several different brands under its portfolio, is set to start building a new luxury retreat in Bar, with a proposed total investment of €57m over the next five years.

Air Montenegro is already proving to be very popular and has been able to demonstrate strong passenger numbers and income since it began operating commercial flights in July 2021.

Did you know that Biogradska Gora is the first National Park in Montenegro?  
The story of this rare, nature’s diamond begins in the 19th century with King Nikola Petrović’s persistence to preserve this area so that future generations could enjoy it. It became the so-called, “king’s shelter” and since then it is under state protection. In 1952 the Park was proclaimed to be a National Park and since 1977 it is under UNESCO protection as a part of the Man and the Biosphere Programme (MAB).

Official stats show that the Economic Outlook for both 2021 and 2022 is strong for Montenegro as not only has it’s national debt fallen for the first time since they gained Independence, but along with their Balkan counterpart of Moldova, they will also see the highest levels of economic growth in 2021, amongst the ‘Emerging European’ nations.

After withdrawing from the competition in both 2020 and 2021, Montenegro is back in Eurovision and they will shortly announce the method of their selection process for their 2022 entry within a few weeks. The Montenegrin broadcaster RTCG confirmed the news shortly after the competing nations were announced...