Skilled Labor Force
For a small country, of only 620 000 inhabitants, Montenegro offers a highly skilled work-force at competitive costs. Every year, approximately 1300 students graduate from universities and colleges in Montenegro, with approximately one-third of these students graduating from technical universities.
Since introducing the Bologna Declaration in 2004, Montenegro has increased standards by putting 25% of public expenditure towards educational reform. Not only does Montenegro boasts highly skilled and productive workforce, it also provides a window into such specialized areas such as maritime industry. Foreign languages are widely spoken due to a highly developed tourism industry and dual competences (technical/business – linguistic skills) are not uncommon.