Bay of Kotor

Russian Interest in Montenegrin Real Estate Spikes Despite Sanctions

View of the Boka Kotorska Bay in Montenegro. Photo: BIRN/Samir Kajosevic

The Central Bank said that Russians were also the largest investors in Montenegro, after they invested 41.6 million euros in the country since the beginning of the Russian invasion of Ukraine in February.

Montenegro Seeks to Lure More Russian Tourists

Montenegro's tourism business is gearing up for the summer, expecting more Russian tourists than in previous years.

On Thursday, the tourism authorities presented the country's offer at the largest Moscow travel and tourism fair, MITT, saying that, "trends show that more Russian tourists are interesting to visit Montenegro."

Canadian Tycoon Sells Montenegrin Superyacht Marina

The management of Porto Montenegro and the Investment Corporation of Dubai, ICD, which is controlled by the Emirati government, are expected to officially announce the unexpected sale of the superyacht marina on Friday.

Adriatic Marines, which manages the marina, would not comment on the sale, which has been widely rumoured over the past two days in the Montenegrin media. 

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