Business news from Ukraine

Business news from Ukraine

Montenegro temporarily rolls back visa-free travel with Türkiye: security, migration, and reputational risks for the economy

After a nighttime incident in Podgorica, where a group of Turkish citizens stabbed a local resident during a conflict, the government of Milojko Spajić announced a temporary suspension of the visa-free regime for Turkish citizens—a political signal that security and entry controls take priority over previous openness (visa-free travel had been in place since 2008). The decision was confirmed by leading international media and government sources, which record both the incident itself and the authorities’ response formula—“a temporary pause + a rules review,” with the prospect of further consultations with Ankara on a new visa regime.

According to police reports, after a weekend marked by tension in the capital, several dozen foreigners—primarily citizens of Türkiye and Azerbaijan—were detained; President Jakov Milatović publicly called for calm and condemned retaliatory attacks on Turkish citizens and their property. This set of actions—stepped-up patrols, selective checks of legal stay, and preventive detentions—aligns with the logic of a “rapid stabilization” of order following stabbing incidents.

The socio-political backdrop has sharpened: anti-Turkish slogans were heard on the streets of Podgorica, and acts of vandalism were recorded—in particular, a business owned by a Turkish citizen in the city center was trashed, and a Turkish owner’s car was set on fire. These episodes heighten the risk of “collective responsibility,” when a single criminal offense triggers a chain of xenophobic reactions that harm people’s safety and the business climate.

The interstate dimension is developing in parallel: Türkiye’s foreign ministry promptly reached out to the Montenegrin prime minister and security officials, insisting on guarantees of rights and protection for Turkish citizens; Podgorica, for its part, declares “intensive consultations” with Ankara to find a model that combines public safety with continued economic interaction. This means that the “pause” in visa-free travel is not only a punitive gesture but also an instrument for reformatting access rules: new forms of short-term visas, mandatory registration procedures, or higher criteria for business visitors are possible.

The economic projection of the situation is ambiguous. Turkish business in Montenegro is a notable player in trade, hospitality, and real estate, especially along the Adriatic coast; rolling back visa-free travel will almost certainly reduce the mobility of entrepreneurs and workers, complicate seasonal planning, and slow transactional processes. Estimates of the size of the Turkish community vary: a number of sources cite roughly 13.3 thousand officially resident Turkish citizens (which is higher than the 2–3 thousand estimates mentioned in some materials), and for this group a clear, predictable procedure for extending stays and conducting business is crucial to avoid an outflow of investment and a “cooling” of employment in tourism and services.

At the domestic political level, the authorities’ decision serves several functions at once: it demonstrates control and sensitivity to the demand for security; cuts off the argument about “open gates” for offenders; and simultaneously mitigates reputational risks vis-à-vis the EU, with which Montenegro is negotiating membership, by aligning migration regimes and public-order standards with European practice. However, excessive “toughness” without simultaneously restraining xenophobia may provoke an escalation of ethnic tension and inflict long-term damage on the country’s investment image—this is precisely why the president’s message about the inadmissibility of attacks on Turks is a systemically important marker of balance.

From this follow the near-term scenarios. The first is “controlled thawing”: after stabilization and de-escalation of violence, and after technical parameters are agreed with Ankara, Podgorica restores simplified entry in an updated format (for example, through mandatory declarations of travel purpose or expedited category-based visas for investors and workers). The second is a “long pause”: the visa regime becomes entrenched, criteria for verifying the very purpose of entry and the legality of stay grow stricter, and Turkish companies’ business processes become costlier and slower, with a risk of investment being reallocated to neighboring jurisdictions. The third is “social turbulence”: if law-enforcement response to anti-Turkish pogroms is unsystematic, public sentiment will radicalize, and even a properly calibrated visa filter will not compensate for the loss of investor and tourist confidence. At present, government communications—about consultations with Türkiye and safeguarding public order—indicate that the bet is on the first, compromise path.

In summary, Montenegro’s decision to suspend visa-free travel is a system-level “alarm signal”: the authorities are simultaneously extinguishing a situational security crisis and trying to revise the architecture of migration procedures according to standards of control and predictability. However, the sustainability of this course will be determined not only by the strictness of border filters, but also by the state’s ability to protect lawful residents and entrepreneurs from collective punishment, hold perpetrators accountable, and preserve channels of economic cooperation with Türkiye—a partner that is already demanding security guarantees for its citizens and is ready to negotiate new rules of the game.

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Ukrainians entered TOP 10 of tourist visitors to Tivat, Montenegro

The Tourist Organization of Tivat recorded an increase in tourist traffic over the first nine months of 2025, the organization said at a press conference. According to TOT, 125,000 tourist arrivals were registered in Tivat over eight months, which is 4% more than in the same period of 2024. The total number of overnight stays reached 1.05 million, reports the Telegram channel “Serbian Economist.”

The most numerous guests were tourists from Serbia, Russia, the United Kingdom, Turkey, Bosnia and Herzegovina, Ukraine, Germany, and Israel, with a noticeable increase in the number of travelers from the United States, said TOT director Nina Lakičević.

According to TOT surveys, most tourists in Tivat are high-income visitors. Around 60% of visitors had returned to Tivat more than twice, while for one third of tourists it was their first visit, but the majority plan to come again.

The tourism sector remains a key driver of Montenegro’s economy, accounting for around 25% of the country’s GDP. In 2025 there has been recovery and growth after the difficult years of 2020–2021, with a gradual shift of focus from mass tourism to sustainable and high-end tourism.

According to Monstat and the Ministry of Tourism, Montenegro received more than 2.4 million tourists in January–September 2025, which is 6% more than a year earlier. The country is seeing growing investment in high-class hotels, yachting and gastronomic tourism (including projects in Porto Montenegro, Luštica Bay, and Budva).

Experts note that further growth will depend on modernization of infrastructure, transport accessibility, development of regional airports, and eco-certification of accommodation facilities.

Source – https://t.me/relocationrs 

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Montenegro joins Convention on Common Transit from November 1

According to Serbian Economist, Montenegro will become a party to the Convention on a Common Transit Procedure and the Convention on the Simplification of Formalities in Trade in Goods from November 1, 2025, reports the State Customs Service of Ukraine.

The decision was made by the European Commission’s Directorate-General for Taxation and Customs Union (DG TAXUD). Once the convention enters into force, Montenegrin customs authorities will be able to perform the functions of customs offices of departure and destination for international shipments under the NCTS procedure.

The State Customs Service of Ukraine emphasized that the expansion of the network of countries participating in the Convention contributes to the development of uniform digital standards and reduces customs clearance time at borders.

The Common Transit Convention and the Convention on the Simplification of Formalities in Trade in Goods are international agreements aimed at simplifying the movement of goods between countries through uniform customs procedures and the NCTS (New Computerized Transit System) electronic system.

Convention participants can file a transit declaration once for the entire route chain, which reduces administrative costs and speeds up the delivery of goods. For countries seeking integration with the EU, participation in the NCTS system opens up access to a single digital customs space and increases attractiveness for businesses, especially logistics and export-import companies.

Serbia officially acceded to the Convention on February 1, 2016. On that day, the country began practical application of the NCTS system.

https://t.me/relocationrs/1614

 

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Alcazar Energy increases investment in Montenegro to $500 mln

According to Serbian Economist, Alcazar Energy, an international company operating in Serbia, among other countries, intends to increase its investment in Montenegro from the previously planned $200 million to $500 million, co-founder and managing partner Daniel Calderon said in an interview with the media.

According to Calderon, the company will begin construction of the 118.8 MW Bijela wind farm in the first quarter of 2026. The investment in the project will amount to about $200 million.

“We are preparing the site and purchasing equipment — this is a large and strategically important project. But this is only the first part of our investments in Montenegro,” Calderon said.

He added that over the next five years, the company’s investments could grow to half a billion dollars, and the total investment in the development of renewable energy sources in Montenegro could reach $4-5 billion by 2040.

“We expect that about 10% of these investments will go to Alcazar Energy projects, and these will be the first steps in a major energy transformation of the region,” Calderon said.

According to him, the company is considering the possibility of implementing several additional projects in Montenegro, but the details are not yet disclosed.

At the EU-Montenegro conference, 14 joint projects with European companies were presented, half of which are related to investments in wind farms, solar parks, and energy storage systems.

Alcazar Energy is an international company specializing in the development, construction, and management of renewable energy facilities.

Founded in 2014, it is headquartered in Dubai (UAE). The company is active in the MENAT region (Middle East, North Africa, Turkey) and the Balkans.

Its key projects include wind farms and solar power plants in Serbia, Jordan, Egypt, and Turkey. Alcazar recently began construction of the largest wind farm in the Western Balkans in North Macedonia.

Source: https://t.me/relocationrs/1587

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Wizz Air plans to establish aviation hub in Montenegro

According to the Serbian Economist, Montenegro is negotiating with the Hungarian low-cost carrier Wizz Air to create an aviation hub in the country, which will allow the launch of up to 20 new international destinations from Podgorica and Tivat.

This was announced by the Minister of Transport and Maritime Affairs of Montenegro, Filip Radulovic, in an interview with Boka News.

According to the minister, the parties are “in the final stage of negotiations” and the final agreement could be signed in the coming weeks.

“The establishment of a Wizz Air hub in Montenegro will be a significant step to increase the country’s transport accessibility and strengthen its position on the European tourist map,” Radulovic said.

Wizz Air is expected to deploy up to three Airbus A320/A321 base aircraft in Podgorica, which will create hundreds of new jobs and increase passenger traffic by 30-40% in the first year of operation. Among the new destinations considered are flights to Italy, Germany, Poland, France, Sweden, Czech Republic, Hungary and the UK, as well as to several cities in the Balkan region.

The Ministry of Transport emphasizes that increasing the number of direct flights will boost tourism and business contacts, as well as expand opportunities for the Montenegrin diaspora and export of local products to EU countries.

“This is not just an aviation project – it is an element of a long-term strategy to turn Montenegro into a regional logistics hub between Central Europe and the Adriatic,” Radulovic said.

According to experts, the opening of Wizz Air hub can increase the number of air passengers in Montenegro from the current 2.3 million to 3 million people per year, as well as attract additional 200-300 thousand foreign tourists annually.

In addition, it will allow the country to strengthen ties with major European capitals and increase the sustainability of the tourist flow, which today is highly dependent on seasonality.

https://t.me/relocationrs/1569

 

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Largest hotel project in region is being built in Montenegro

According to Serbian Economist, the largest resort hotel project in the region, Carine Resort in Baosici, is being built in Montenegro and will welcome its first guests in June 2026.

The new 5-star resort will include about 800 rooms on the coastline in Baosici, municipality of Herceg Novi.
The infrastructure will include restaurants, a wine boutique, a beer garden, an à la carte café, indoor and outdoor swimming pools, a ~1,000 m² spa center, an event hall for 500 people, an entertainment area, and an indoor park.

The opening is scheduled for summer 2026.
The project is positioned as the largest in Montenegro and the region, making it a significant bet on strengthening the country’s tourism potential.
In 2024, the country welcomed 2,606,854 tourists, who made 15,594,299 overnight stays. At the same time, 96.1% of overnight stays were made by foreign tourists.

The main countries of origin of tourists are Serbia (23.5%), Russia (18.3%), Bosnia and Herzegovina (8.4%), Turkey (4.9%), Germany (4.7%), Ukraine (4.3%), and the United Kingdom (3.8%).

Source: https://t.me/relocationrs/1513

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