If you are planning to start your business in Montenegro, then you must be wondering: How safe is this remarkable country? Are there any political factors that could potentially jeopardize your investment?
In this article, we’ll answer these questions and more, so keep on reading if you want to learn more!
Montenegro is a member of NATO
Even though Balkan countries have somewhat of a bad reputation due to their turbulent histories, Montenegro seems to be on a different path. In June of 2017, it became a full-fledged member of the NATO alliance. A big part of the country’s population disapproved the decision, but those tensions are now far gone. NATO Secretary-General Jens Stoltenberg recently congratulated Montenegro on its third anniversary as a NATO member and stated the following: “Just as NATO can count on Montenegro, Montenegro can count on NATO”.
When it comes to the stability and safety of the country, its ascension to NATO has been a huge step forward. In a way, it’s a guarantee that the country will stay safe from any potential external threats.
Montenegro is on its way to becoming an EU member
Montenegro aspires to become an EU member in the next couple of years. This has prompted the Montenegrin government to work towards strengthening its institutions and creating a fruitful business environment.
So, when it comes to the stability of the country, it seems to be only moving forward. Of course, as it is a developing country, there are still some things that require improvement.
Crime rates and the threat of terrorism
The data sourced from the World Bank shows that the likelihood of political instability or politically motivated violence is incredibly low in Montenegro.
Crime rates are also much lower than what you may expect. Of course, the country isn’t perfect, as it has issues with corruption and organized crime. Still, it’s important to note that these issues are usually exaggerated in the media, and the country is one of the safest in the region when it comes to doing business.
Is Montenegro a democratic state?
Political freedom is one of the main factors contributing to political stability in the country. Montenegro is officially a democracy, but it still has a long way to go before it reaches the standards of more developed countries.
Overall, Montenegro is a country full of potential, and it seems to be improving rapidly. Even though the COVID19 crisis has had a huge impact on the economy, Montenegro is expected to recover quickly.
Of course, as a foreigner wanting to invest in Montenegro, you should know that the country is perfectly safe for doing business. The country’s NATO membership and its EU path can only mean the further development of its political and economic indicators.
The final verdict
So, is Montenegro a stable country or not?
Well, while it’s not perfect, it’s still quite politically stable. The risks of something major happening is incredibly low. If you are planning to start your business there, the political situation should not worry you at all.