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Meeting with Norbert Kartmann


The Vice President of the Chamber of Economy of Montenegro Mr. Ivan Saveljic met with the Speaker of the Parliament of Federal State Hessen Mr. Norbert Kartmann and the Ambassador of the Federal Republic of Germany to Montenegro Mr. Hans Guenter Walter Matern.

They discussed the fostering of economic cooperation between two countries.

Mr. Saveljic expressed gratitude for the interest in cooperation with the Chamber. He presented the current situation regarding Montenegrin economy, export potentials and emphasized possible development directions of future cooperation with German companies. He pointed out the importance of the German market, briefed about foreign trade of two countries and opportunities for its improvement especially in terms of increasing export volume from Montenegro to Germany.      

The overall trade between our country and Germany in 2015 amounted to 131,4 million EUR, which is 9,1 % more in comparison to the previous year.

Two countries have successful cooperation in the fields of energy, logistics, transport. In the forthcoming period two countries should focus on improvement of cooperation in tourism. Mr. Saveljic especially expressed interest of Montenegrin tourist industry in attracting more German tourists, since they have been main visitors of our coats for decades.  

Mr. Saveljic informed his guests about the Economic Conference, which the Chamber has been organizing for six years. This is one of the largest regional events attended by a number of representatives of governments, business community and experts from the Balkans and beyond. The Conference “Economy – Basis for Western Balkans Regional Cooperation” took place in 2014 in cooperation with the Committee on Eastern European Economic Relations who was also the coordinator of the Conference “Development perspectives of the Western Balkans” in 2016. 

Mr. Saveljic pointed out the support of business associations for strengthening of regional cooperation at the Western Balkans through activities of the Chamber Investment Forum, which brings together the chambers in the region. According to him, the aim is to strengthen the economy in the region as a whole and make it competitive in the international market.

He has also said that improved investment and business climate, which will be more favourable, thanks to reforms and measures for promotion of economic environment in Montenegro, contribute to foreign direct investments. Therefore, he invited German businessmen to invest in Montenegro.

In 2016, foreign direct investment from Germany amounted to 16.7 million EUR. From 2005 to 2016, Germany invested 218.8 million EUR.

According to Mr. Cartmann, Germany is interested in stronger presence of its economy in Montenegro and the presentation of Montenegrin economic potentials in the German market through conferences and business forums certainly opens up opportunities for further expansion of economic cooperation.

The Conference "Balkan sourcing," which will be held in Frankfurt this year is an opportunity for Montenegrin companies to improve ties with Germany through investments and concrete cooperation, which will result in greater trade between the two countries, says Mr. Cartmann.