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Yearbook 2007

Montenegro. According to CountryAAH, Montenegro continued to establish itself as an independent nation the year after the divorce from Serbia. The country became a member of the International Monetary Fund (IMF) and of the Council of Europe. A defense pact was signed with the US and in October a so-called Stabilization and Association Agreement was signed with the EU. Thus, the first formal step on the road to being accepted as a candidate country was taken, even though much work remained, among other things. to overcome the widespread corruption. Shortly thereafter, a new constitution, which was drawn up in consultation with the EU, was also adopted.

2007 Montenegro

The economy appeared strong and there were warnings about overheating. Direct foreign investment increased by 78 percent during the first half of the year, largely consisting of land and property purchases on the Adriatic coast. The economy was expected to grow by around 7 percent. Growth occurred mainly in the service sector, not least in the tourism industry.

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