Montenegro has taken another important step in its accession process to the European Union. By 2025, it closed the "Public Procurement" chapter in the European Union negotiations. This development once again reveals how determined and consistent steps the country has taken in the process of harmonization with EU standards. Montenegro has so far opened all chapters in the European Union process and made significant progress. The closure of the “Public Procurement” chapter was welcomed as a very positive step both in terms of economic transparency and the international investment climate, emphasizing Montenegro's claim to be a safe haven in Europe.
What Does “Public Procurement” Cover?
The “Public Procurement” chapter in the EU negotiations covers regulations based on the principles of fair competition, transparency and efficiency in the procurement of goods and services by the state. Within the scope of this chapter, Montenegro has implemented many structural reforms such as digitalizing the procurement system, making public expenditures more traceable and ensuring compliance with EU norms in all processes. For foreign investors in particular, this development shows that Montenegro's legal infrastructure has been strengthened and that it is one step closer to competitive market conditions.
General Status of Montenegro in the EU Process
Montenegro has opened all 33 chapters required for full membership to the EU and has made significant progress in the vast majority of these chapters. With the closure of the “Public Procurement” chapter, Montenegro has once again demonstrated its determination towards full membership by bringing the number of closed chapters in the negotiation process to 7. Admission of the country to EU membership in the near future is considered as a development that will increase both political and economic stability.
How Will This Development Affect Montenegro Real Estate and Investment Sector?
Every step Montenegro takes in the process of harmonization with the European Union is of great importance for those who want to invest in real estate in Montenegro. Especially transparency and advances in the legal system are factors that increase investor confidence. An EU-compliant tender and procurement system will pave the way for international collaborations, especially in areas such as large construction projects, infrastructure investments and urban transformation. This will directly strengthen the real estate sector in Montenegro. Montenegro, which is a favorite of real estate investors from different countries of Europe, increases the diversity and depth of the real estate market with increasing confidence.
Conclusion: Strong Reforms, Strong Future
Montenegro has reached a milestone in the European Union negotiations by closing the “Public Procurement” chapter. This is not only a political achievement; it is also an economic reform step that increases the country's investability. A public administration infrastructure that is transparent, reliable and in line with EU norms will make opportunities in real estate and trade more attractive. If you want to invest in a country that is steadily progressing in the process of European Union membership, now is the time to evaluate the real estate opportunities in Montenegro!
Montenegro advances towards the European Union: “Public Procurement” Chapter Closed
