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
An investment of 39,62 milion is planned to be invest in the realisation of the Ritz Carlton Montenegro resort in Herceg Novi. The new resort in Herceg Novi,on Lustica peninsula will be built by renowned companies Northstar and Marriott. In the report on the investments realised in the first 11 months of 2019, in line… READ MORE
China Road and Bridge Corporation (CRBC), was selected as the preferred contractor for a priority section of the Montenegrin highway. The construction of the highway officially began in 2015. The construction of the first section will cost EUR 809.6 million. The first section of the motorway Bar-Boljare will be completed in four years, and it… READ MORE
Works on the first kilometers of the Montenegrin highway are nearing completion. Although the exact date hasn’t been set yet, the first man of the Chinese company China Road and Bridge Corporation (CRBC), Mr Kang Shifei, says that they will do their best to finish the first section by the established deadline. “Construction works are… READ MORE
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
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
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
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
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
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