- Visit-Montenegro.com: They followed Budva’s example
- Visit-Montenegro.com: Brushes all set for Herceg Novi
- Visit-Montenegro.com: Russians Turn “Queen” into Casino
- Visit-Montenegro.com: Disobedient speedboats with dinghies in pursuit
- Visit-Montenegro.com: Natural and tax paradise
- Visit-Montenegro.com: “Oxygen” triumphed
MONTENEGRO ECONOMY NEWS
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Thursday, 02. July 2009.source: Daily Press - Vijesti
Proprietors of the hotel in Becici found new partners interested in recapitalization of the company: Russian “Korston Group” will get the majority stake in hotel company “The Queen of Montenegro”. Apart from hotel management, Korston is widely known for running casinos. Since ‘game is over’ in Russia due to introducing new law that bans all casinos in the Russian Federation, they will relocate this highly profitable business to Montenegro.
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Tuesday, 23. June 2009.source: Daily Press - Vijesti
Belgrade-based company takes over the management of public parking lots in the municipality of Tivat: From now on, citizens of Tivat will have to pay for parking service at every car park in the city. Local authorities announce introducing new operator as the best way to overcome the issue of on-street parking in Tivat. The private-public partnership will be a successful method for managing parking lots considering the problem of stationary traffic downtown Tivat.
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Saturday, 20. June 2009.source: Daily Press - Vijesti
Negotiations between the Government and Orascom in the final phase: A hotel resort with 3.32 thousand beds, a golf course, three marinas – the main marina with 100 berths and two small marinas, schools, hospitals, restaurants, cafés, shops and handicraft-and-service center will be built according to the project for development of Lustica.
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Friday, 19. June 2009.source: Daily Press - Vijesti
Andrija Lompar and Veselin Grbovic made a round of third lanes of the road Podgorica – Cetinje – Budva: “In compliance with the programme of maintenance and reconstruction of the road infrastructure, we have covered all planned activities on schedule,” the Minister of Transport, Andrija Lompar said after completing the tour of newly-built third lanes accompanied by his associates, Veselin Grbovic of the Public Roads Directorate and constructors.
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Tuesday, 16. June 2009.source: Daily Press - Vijesti
Bidding process for selling 54 percent stake in the Bar-based company, the Russians “open-handed”: Russian consortium offered EUR 420.000 for majority block of shares in the Marina Bar and EUR 10.7 million worth investment programme, while Montenegrin joined companies offered half as much money for investments and EUR 350.000 for 54.3 percent ownership stake, it is said in the Tender Commission for Daily “Vijesti”.
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Monday, 15. June 2009.source: Daily Press - Vijesti
“Vodacom” chose a consultant: “Sachsen Wasser” became a partner to “Vodacom “and local public companies during the implementation of Phase III and Phase IV of the project of improvement of water supply and wastewater disposal on the Montenegrin Coast. The primary task of the consultant is to contribute to more effective business activity of public companies in Tivat, Kotor, Herceg Novi and Bar.
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Saturday, 13. June 2009.source: Daily Press - Vijesti
In spite of the crisis the Mayor of Tivat satisfied with the situation in the city: ‘Though the revenues collected from tax on selling property and utility charges were sharply cut down due to the economic crisis and legislation changes, we managed to maintain the stability of the budget and to fulfill obligations towards budget users and business associates in the worst financial times. Realization rate of the annual budget is 36% at the moment’ – the Mayor of Tivat, Dragan Kankaras said
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Friday, 12. June 2009.source: Daily Press - Vijesti
Russian railways announced direct train service linking Moscow and Bar: The new direct rail link from Moscow to Bar will be operational from 16th June until 18th September. This train journey will take nearly 60 hours and cost EUR 155.2 for single ticket and EUR 310.4 for return ticket
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Thursday, 11. June 2009.source: Daily Press - Vijesti
Montenegro presents its potential for foreign investments at Real Estate Fair Exhibition 2009 in Milan: Italian investors are willing to invest in infrastructure projects, transportation sector, processing industry, tourism, water and sewage treatment and recycling. ‘I expect many positive outcomes, such as implementation of several projects to take place in the near future. Everything takes time and patience, and it is my sincere hope that we will soon have some tangible results’ - Montenegrin Ambassador to Italy noted.
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Wednesday, 10. June 2009.source: Daily Press - Vijesti
After “Vijesti” published an article highlighting the false information on the tender for “Ulcinjska Rivijera”, corrections were announced straightaway: ‘Information on the structure and ownership, as well as nominal value of registered capital and share nominal value were taken from the statement of account from CDA obtained on the date when the decision to sell shares by means of public tender was made’