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MONTENEGRO ECONOMY NEWS
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Tuesday, 11. May 2010.source: Daily Press - Vijesti
DATA TO THE GOVERNMENT ECONOMIC POLICY ANALYSIS
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Thursday, 08. April 2010.source: Daily Press - Vijesti
SERIES ON THE ADRIATIC FAIR CONTINUES TODAY
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Thursday, 18. March 2010.
London 14th April 2010, EBRD
Developing Markets Associates and the Embassy of Montenegro in the UK are hosting the UK-Montenegro Investment Forum to be held on 14th April, 2010 at the European Bank for Reconstruction and Development (EBRD) in central London. -
Tuesday, 08. September 2009.source: Daily Press - Vijesti
Croatian consortium has fulfilled conditions for starting the new project. Yesterday the Council for the construction of the highway concluded that Croats have provided all requested guarantees and in the following days they will examine the enclosed documentation with the adviser.
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Tuesday, 08. September 2009.source: Daily Press - Vijesti
The co-owner of Aman arrived in Budva: New investors, the “Restis Group”, agreed to take over the entire project under the condition that Singapore-based company were the managers of the project. Adrian Zecha, the owner of the “Amanresorts”, promised to open Sveti Stefan last summer. However, he failed to keep his word, except for “the new-old” Miločer, which was opened under the name Villa “Miločer”, four months behind the schedule. The “Restis Group“threw open to the public that the reconstruction works on Sveti Stefan would start by mid-September.
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Saturday, 29. August 2009.source: Daily Press - Vijesti
Businessmen who carried business with “Montera” are not satisfied: The representatives of the firms which were engaged at Zavala as the subcontractors claim that company “Montera” from Belgrade have not pay them anything since May. They have confirmed to “Vijesti” that workers went to construction sites without fees and that they were told that they would receive the outstanding earnings at their home addresses. It has been announced from “Montera” that construction works will be continued on 15th September, which is the violation of the valid local regulation, since the prohibition of construction works to which they refer, and which they have not observed, lasts until 1st October.
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Thursday, 27. August 2009.source: Daily Press - Vijesti
The representatives of Bosnia and Herzegovina and the Mayer of Herceg Novi had a meeting yesterday. The member of the BiH presidency says that the Electric Power Industry of Republic of Srpska is willing to help Herceg Novi and Montenegro in better hydro energetic use of the lake of Bileća. Also, both countries are interested in the construction of the railroad Nikšić-Trebinje, which is a long-term project.
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Wednesday, 26. August 2009.source: Daily Press - Vijesti
Collection of utility charges in the municipality of Budva has sharply decreased; Kuljača is optimistic: - So far, the municipality of Budva collected only €14.5 million from utility charges- the Mayor of Budva announced. He said that a certain number of planned investments on Budva Riviera have to be stopped due to the impact of the world economic crisis. Still, none of the major investors gave up their projects-they await better times. He believes that «Mirax Balkan» will finish the project«Astra Montenegro».
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Tuesday, 25. August 2009.source: Daily Press - Vijesti
Due to debts to the contractor or sudden decision to obey law, the construction site of “Mirax” desolated: More than 200 employees of Belgrade-based company “Montera”, hired by the Russian company “Mirax Group” on construction works of housing project “Astra Montenegro” went home since they have not been paid few salaries. The Project Manager of “Mirax Group” denied the information that „Mirax Group“went bankrupt , stating that the whole interview with the owner of this company, Sergei Polonsky, was misquoted. “. Allegedly, the Russians managed to sell 60% of villas which provided enough funds for further works. However, they still owe money to contractors.
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Sunday, 23. August 2009.source: Visit Montenegro
Several chief executive officers of well-known world shipyards visited Montenegro in order to find out what are the prospects of this tourism metropolis for further nautical development. According to their opinion Budva is the only city in Montenegro with prospects for fast development. The gathering of the yachting elite in Budva was initiated by Lamberto Tacolli, the president of CRN and co-owner of the entire Ferretti Group and one of the most influential people in nautical world today, who was staying in Budva last year.