Montenegrin Investment Promotion Agency and International business Ao Kun(IBAK) ltd from Beijing signed memorandum on cooperation. The memorandum was signed by the Director of the Agency, Mr. Miloš Jovanović and Director of IBAK Ms. Shao Meng.
MIPA and IBAK jointly recognized that their cooperation can contribute to the promotion of investment potentials of Montenegro, and it was concluded that Chinese companies are not sufficiently informed about Montenegro and investment potential.
The aim of this cooperation is presentation of investment potentials and attraction more Chinese investors to whom Montenegro may be the base for the expansion of business in the Balkans and Eastern Europe.
Both parties agreed regular exchange of information in the sectors of tourism, infrastructure, agriculture, energy and finance. IBAK, as an associate of MIPA in China, is fully authorized to present investment environment and projects to Chinese investors and provide them with all the necessary information.
It is expected that this cooperation will help and facilitate Chinese companies to appear more on the Montenegrin investment market.
Also, the parties agreed to begin the necessary procedures for the joint opening a representative office of MIPA in Beijing .