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Construction

Kotor is getting a new luxury resort

Kotor is getting a new luxury resort

Mayor of Kotor, Mr Željko Aprcović, the director of the Direction for Organization and Construction of Kotor, Mr Zoran Mrdak and executive director of the company Bigova Bay, Ms Branka Lazarević, signed today in Kotor the agreement on the implementation of an investment – the construction of a tourist complex in Bigova. “The local government… READ MORE

Montenegro has become prestigious tourism destination

Montenegro has become prestigious tourism destination

Western Balkans region should put its natural and cultural potential into the function of tourism economy, harmonised with modern demand of the world market. Montenegro has become prestigious tourism destination. However, only a unified, diverse and wider tourism offer of the region countries can be valued more efficiently on the international market, it was said… READ MORE

Construction of the Durmitor Hotel begins

Construction of the Durmitor Hotel begins

Prime Minister Mr Dusko Markovic will lay the foundation stone for the construction of the new Durmitor Hotel in Zabljak. The investor of this project is Durmitor Hotel and Villas, whose founder and owner is Petros Statis. After laying the foundation stone, the construction project will be presented at the Mountain Eyes Hotel (Gorske oci)…. READ MORE

More than €2m in the Renewable Energy Fund

More than €2m in the Renewable Energy Fund

In the end of 2018, the renewable energy fund totalled €2.02 million and this whole amount of money has been transferred to this year’s fund, according to the Business Report of the Montenegro Electricity Market Operator, COTEE. The fund has been increased by €129,272 in 2018, writes Dnevne Novine daily. The Business Report confirms an… READ MORE

PORTONOVI WILL MAKE MONTENEGRO RECOGNISABLE AROUND THE WORLD

PORTONOVI WILL MAKE MONTENEGRO RECOGNISABLE AROUND THE WORLD

Prime Minister, Mr Duško Marković, expressed his satisfaction with the construction of Portonovi, one of the largest tourism projects in the Mediterranean. Today Government released a video showing how far the construction has advanced. Portonovi is going to be one of the greatest and most prestigious tourism resorts in the Mediterranean.   “I’m impressed with… READ MORE

Northstar and Marriott ready to build Ritz Carlton Montenegro resort

Northstar and Marriott ready to build Ritz Carlton Montenegro resort

Prime Minister of Montenegro Mr Dusko Markovic met the representatives of renowned global companies Northstar and Marriott, which will build Ritz Carlton Montenegro resort in Montenegro, in the municipality of Herceg Novi. The project is worth €210 million. The owner of the Ritz Carlton Montenegro project Mr Mohamed Al Sager said that preparations for the… READ MORE

1 m² on the Montenegrin coast up to €4.000

1 m² on the Montenegrin coast up to €4.000

Real estate market in Montenegro has revived. Latest preliminary data published by Statistical Office of Montenegro (MONSTAT) shows that the apartment price has increased by 11,6%. Some real estate agencies believe that NATO membership had an impact on real estate growth. However, they conclude that most of foreigners usually decide to buy an apartment in… READ MORE

Turkish investors build residential complex in Kotor

Turkish investors build residential complex in Kotor

The company “Design & CO” which is building a residential complex of five buildings in Kavac with Turkish funds has gained approval for the preliminary design for two additional residential buildings. Other buildings are under construction, while all five structures will together have 119 residential units. Chief State Architect Dusan Vuksanovic gave the approval and… READ MORE

Portonovi Resort opened in the Bay of Kotor

Portonovi Resort opened in the Bay of Kotor

The gates of Portonovi Resort, one of the most prestigious residential-type projects in this part of Europe, have been opened. Located at the entrance of the Bay of Kotor, Portonovi Resort spans over 26 acres and consists of 1.8 kilometres of an exclusive coastal area with 214 residences. The slogan under which Portonovi will present… READ MORE