Hungary is the biggest capital investor in Montenegro

The Hungarian Foreign Minister Mr. Péter Balázs paid an official visit to Montenegro and met his counterpart Mr. Milan Rocen. They welcomed the flourishing of economic ties between the two countries: Hungary, to date, has been the biggest foreign direct investor in Montenegro. Large Hungarian companies are present in the banking sector, telecommunications and the hotel industry. Mr Balázs emphasized that Hungary is seeking new areas of mutually advantageous cooperation, and urges Montenegro to have its legislation even more investment friendly so that it could not only attract new investors but make life easier for the ones already settled. (Source: Ministry of Foreign Affairs of the Republic of Hungary)
Examining the report of the World Bank Group about Doing Business in the different countries we can see that Hungary occupies the 47th place while Montenegro is the 71st in the ranking. In the case of some factors i.e. enforcing contracts Montenegro could really improve its capability. To enforce a contract in Montenegro costs 25.7% of the claim (it is 13% in Hungary), 49 procedures have to be completed (in the case of Hungary is 33) and it takes 545 days (395 days in Hungary). On the other hand the strength of the investor protection index is 6.3 in Montenegro and 4.3 in Hungary so Hungary could also improve its performance in creating an investor friendly environment.