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PODGORICA | Montenegro will offer citizenship to people who invest more than $662,650 in the tiny Balkan country, the government said Tuesday.

The “economic citizenship program” is designed to attract businessmen to move their companies to Montenegro, which has a population of 600,000, the government said on an official website.

The government said the move underscores Montenegro’s openness to foreign investment.

But opponents criticized the government idea. Opposition leader Nebojsa Medojevic contended it would “only attract tycoons and corrupt politicians on the run” and undermine Montenegro’s credibility abroad.

From wire dispatches and staff reports