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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

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

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

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

New incentive laws for innovation and technological development adopted

New incentive laws for innovation and technological development adopted

Yesterday, the Government of Montenegro adopted two new laws – the Law on Innovation Activity and the Law on Incentive Measures for the Development of Research and Innovation. “These laws represent the basic measure for strengthening the IT economy and the functioning of the national innovative ecosystem and provide a wide range of benefits and… READ MORE

Incentives for innovative activities

Incentives for innovative activities

Minister of Science Sanja Damjanović presented today the new stimulating legislative framework for innovation and technological development. With these laws, Montenegro opens new opportunities – a wide range of benefits and incentives for the development of innovative economy and startup companies, offers the same conditions for domestic and foreign companies and thus becomes an attractive… READ MORE

Ministry of Economy: numerous economy support programmes begin

Ministry of Economy: numerous economy support programmes begin

The Minister of Economy Dragica Sekulić, during the presentation of the Third Government package of socio-economic measures said that the program for economy support includes short-term and long-term measures. “Through the third package of short-term measures, the Ministry of Economy will start with the salary subsidies from 1 August. EUR 18 million are planned by… READ MORE

Montenegro Airlines: 2019 busiest year in the history of the company

Montenegro Airlines: 2019 busiest year in the history of the company

The national air carrier Montenegro Airlines handled 657 276 passengers during the 2019 representing an increase of 2% on the year before. It added an extra 12 457 travellers, marking the busiest year in its 25-year history. During the previous year, the number of flights increased 2%. Montenegro Airlines recorded growth on almost all of… READ MORE

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