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Visit-Montenegro.com: They ask EUR 21 million for Hawaii
“Prva banka” reduced the initial price for the mortgaged island in Budva: There was speculation that significant amount of money for Hawaii has been directed to Prva banka and that this transaction has something to do with the former Thai PM Thaksin Shinawatra who is holding Montenegrin passport. Nonetheless, the island is still mortgaged and the owner remains unchanged.
Podgorica – “Prva banka Crne Gore” (The First Bank of Montenegro) advertised out-of-court sale (Sale In Pais) of the part of Sveti Nikola Island near Budva at the initial price of EUR 21 million.
The island of Sveti Nikola, also known as Hawaii, is located less than a kilometer away from Budva and it has three sandy beaches spreading on 840 meters.
At the first auction launched a couple of months ago, the famous Hawaii were offered at price of EUR 28 million. The land for different purposes covering an area of more than 37 000 square meters has been offered for sale together with the existing facilities.
The public auction is scheduled for 23rd May at the premises of Prva Banka in Budva. All parties interested in taking part in the auction need to place a deposit of EUR 100 thousand to the Bank’s account as a guarantee. The best bidder should pay the offered amount not later than seven days from the auction date.
The owner of the island is Serbian businessman Stanko Subotic who is indebted to Prva banka. Subotic purchased the most beautiful part of the island in 2007 from Nenad Djordjevic for over EUR 20 million.
After the purchase, Subotic announced big investment plans which included connecting the island with the mainland, building hotels, villas, marina and additional facilities but he was prevented from carrying out his plans after Serbia declared him a wanted person under the suspicion that he was involved in cigarette smuggling and thus caused damage to the country.
According to well-informed sources, Subotic then planned to sell the island and on the basis of this story there were rumors over the last year of potential buyers and amounts of money they offer for the island.
Among potential buyers there were allegedly some Englishmen, Russians, Belgians and Arabs, and according to recent information published by media the former Thailand’s Prime Minister Thaksin Shinawatra who got Montenegrin passport was also at play. It is still not known where Shinawatra got a Montenegrin passport from.
There was speculation that significant amount of money for Hawaii has been directed to Prva banka and that this transaction has something to do with the former Prime Minister. Nonetheless, the island is still mortgaged and the owner remains unchanged.
By Z.V.