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Montenegro expects 250 mln euro agriculture investments in 4 years

Author Radomir Ralev
Montenegro expects 250 mln euro agriculture investments in 4 years Source: EBRD

PODGORICA (Montenegro), October 9 (SeeNews) - Montenegro expects investments of 250 million euro ($286.7 million) in its agriculture sector in the next four years, the country's Chamber of Commerce said. 

The investments are expected to be made by the government, producers and foreign partners, the Chamber of Commerce said in a statement on Monday. 

Therefore, the government should make efforts to strengthen the competitiveness of the agriculture sector, as this will have a direct impact on the sale of domestic products, the secretary of the Chamber of Commerce, Lidija Rmus, said during a presentation of the growth of Montenegro's agricultural sector.

The trade gap of Montenegro in the food sector is significant, with exports-to-imports ratio standing at below 10%. Imports include mostly meat, milk and dairy products, and exports consist chiefly of beverages, smoked and dried products, the Montenegrin Chamber of Commerce said.

($ = 0.872014 euro)

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