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Economy

China has become the largest investor in Montenegro: The secret where Beijing invested 70 million

China has become the largest investor in Montenegro: The secret where Beijing invested 70 million

Chinese investments involved investments in companies in Montenegro or their purchase, the purchase of real estate and so-called inter-company debt – companies from Montenegro borrowed money from companies from China. People’s Republic of China has become the largest investor in Montenegro with 70 million euros in direct investments from the beginning of this year to… 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

Foreigners invest €1.5 billion in Montenegro

Foreigners invest €1.5 billion in Montenegro

The new government is faced with many challenges provoked by global economic crisis, but we expect the government to continue to improve business environment and implement structural reforms. Digital transformation of the country must be strategic priority, representatives of the Council on Foreign Investors and Am Cham have said to Pobjeda. They said that member… READ MORE

Electricity from Montenegro goes to Greece, Malta, France

Electricity from Montenegro goes to Greece, Malta, France

Italian energy company Terna, which implemented energy connection project will continue to invest in Montenegro. As stated in the half-year report produced by Terna, Montenegro is likely to see additional investments in energy infrastructure, which would finally result in greater development of energy market. Terna is expanding its network towards France. Increase in the interconnection… READ MORE

The deadline for applying to the Entrepreneurship Development Program Line has been extended to September 14, 2020

The deadline for applying to the Entrepreneurship Development Program Line has been extended to September 14, 2020

Bearing in mind the great interest in the Program Line for Entrepreneurship Development, the Ministry of Economy has decided to extend the deadline to 14. September 2020 so that all those interested can apply. WHO? The right to participate have natural persons – potential entrepreneurs and existing companies that operate for a maximum of one… 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

UNIPROM: opening of aluminium billets factory

UNIPROM: opening of aluminium billets factory

Prime Minister Duško Marković said today at the opening of a new aluminium billets/logs factory within the company UNIPROM KAP that the European path is a process of thoughtful strategic transformation of all segments of our society, including our industry. “Every new product is a new job and a new opportunity for every employee to… READ MORE

Đukanović: “One and Only” hotel brings the world’s most famous brands

Đukanović: “One and Only” hotel brings the world’s most famous brands

Completion of works  on “One and Only” on the first of this type in Europe of 5 star category, which gathers the world’s most famous brands, is very important, said Montenegro’s president, Mr Milo Đukanović, during his visit to Portonovi. Mr Đukanović also visited Institute Dr Simo Milošević in Igalo and the new department for membrane apheresis…. READ MORE

Citizens will be able to produce electricity in summer and use it in winter

Citizens will be able to produce electricity in summer and use it in winter

Citizens who have the opportunity to produce electricity from solar panels can accumulate it in the distribution system during spring and summer, and use it in autumn and winter, representatives of the Ministry of Economy explained. They pointed out that the amendments to the Law on Energy, recently adopted by the parliament, improve the existing… READ MORE