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Janu Montenegro is scheduled to launch in 2022

Janu Montenegro is scheduled to launch in 2022

Surrounded by breathtaking natural beauty Janu Montenegro, one of the new brand’s first properties, is currently under construction and will be open in 2022. Janu Montenegro will be the first hotel to incorporate the brand’s serviced residence concept, enabling guests to embrace the Janu lifestyle on a longer-term basis. The first resort destination by Janu… READ MORE

British capital: Tenth Planet is building a resort on Luštica worth 10 million euros

British capital: Tenth Planet is building a resort on Luštica worth 10 million euros

The company “Tenth Planet” from Tivat will build a four- and five-star tourist resort on the Lustica peninsula. In 2014, company announced that they plan to invest ten million euros in the resort. The main state architect Dragan Vukovic gave his consent to the conceptual architectural solution. The founder of the company is the company… READ MORE

New hotel to be constructed in Budva

New hotel to be constructed in Budva

The Government of Montenegro has rendered a decision to add another project on the List of development projects which are candidates for receiving economic citizenship. It’s  Cruiser Hotel, which will be built in Budva. Plans are afoot for the construction of a hotel in accordance with the condo model, with five stars, 252 accommodation units,… READ MORE

Revenues from submarrine cable exceed €7 million

Revenues from submarrine cable exceed €7 million

Montenegrin Electricity Distribution System revenues totaled €37.306.530 in nine months, which represents a 20% decrease on the same period of 2019. When it comes to the undersea cable, Distribution system made a profit of €3.8 million from the allocation of cross-border capacities.     Total revenues exceed €7 million. During the coronavirus pandemic, Montenegrin Electricity… READ MORE

Stefan Savić and Tomislav Čelebić are building a small hydroelectric power plant

Stefan Savić and Tomislav Čelebić are building a small hydroelectric power plant

Ministry of Sustainable Development has issued building permit to “C&S Energy” Company for the construction of the small hydropower plant, Bjelojevićka 2 Mojkovac. This company is owned by Montenegrin football player Stefan Savić, and “Čelebić” Company, founded by Mr Tomislav Čelebić. Synergy Company has 1% share in C&S Energy. At the beginning of the year,… READ MORE

Hellenic Petroleum has allocated €130m for solar energy

Hellenic Petroleum has allocated €130m for solar energy

The oil company Hellenic Petroleum SA has completed the purchase of a powerful portfolio of photovoltaic solar projects in the wider region of Kozani in Greece, with a total value of 130 million euro, the company announced. Hellenic Petroleum, which has majority ownership over the Montenegrin Jugopetrol, says that the photovoltaic solar project would be… READ MORE

Tivat: from a small port to the best example of growth

Tivat: from a small port to the best example of growth

Tivat is the promoter of new tourism values, but not only that – it also promotes overall European values. From a small port, a dormant seaside town, to a town that can serve as an example of all other regions in Montenegro, said president of Montenegro, Mr Milo Đukanović, during his visit to this municipality…. READ MORE

€1,7 billion invested in projects on the coast

€1,7 billion invested in projects on the coast

Coronavirus has seriously affected tourist season in Montenegro and projects in that sector. For 14 years of independence, renowned investors have been choosing Montenegro as prestigious destination that’s worth it. The situation hasn’t changed. On the contrary. On the coast almost €1,7 billion has been invested so far, mostly in the Municipality of Tivat. PORTO MONTENEGRO… READ MORE