Radunović-Kalkavan: The goal is to increase Turkish investments, with a special emphasis on the development of the north

About 10.000 Turkish companies are registered in Montenegro, of which slightly more than 1.000 are active, dominant in the construction sector.

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Photo: MDUP
Photo: MDUP
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Ministry of Spatial Planning, Urbanism and State Property will always be open to cooperation with Turkish investors, as well as all other investors who, with their engagement and in accordance with the applicable laws, will contribute to the creation of a better and more functional business environment in Montenegro, said Minister Slaven Radunović.

Today he met with the Turkish ambassador Bariš Kalkavan.

Radunović, as announced by the ministry, expressed satisfaction with the "traditionally good relations" between the two countries, "especially emphasizing the importance of Turkish investments that contribute to the development of Montenegro."

Kalkavan said that about 10.000 Turkish companies are registered in Montenegro, of which slightly more than 1.000 are active, dominant in the construction sector.

With the aim of further cooperation, the ambassador suggested signing a Memorandum of Understanding in the field of spatial planning between the two countries, and offered the opportunity to familiarize Montenegrin officials and experts with the relevant Turkish legal and institutional framework, as well as practices in that area.

"The ambassador also informed the minister about the establishment of the Turkish Chamber of Commerce in Montenegro, which gathers leading Turkish companies operating in Montenegro, as well as the formation of the Committee for Construction within it. In this sense, he suggested that Minister Radunović attend one of the Committee's next meetings as would additionally become familiar with the projects and activities of Turkish companies in this area," the announcement states.

The interlocutors agreed that the common goal is to increase Turkish investments in Montenegro, with a special emphasis on the development of the northern part of the country.

"It was concluded that the prospects for further cooperation are exceptional, and that future steps in utilizing this potential will significantly contribute to economic progress and strengthening of bilateral relations between the two countries," the announcement reads.

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