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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

Investors from the United Arab Emirates interested in Montenegro

Investors from the United Arab Emirates interested in Montenegro

Investors from the Emirates are interested in investing in Montenegro, the Chamber of Commerce announced after the meeting of President Vlastimir Golubović with the Ambassador of the United Arab Emirates Nabil Abdelaziz Naser Saed Alshamsi. They also confirmed that stronger cooperation between the two countries would be essential for the realization of development of economic… READ MORE

Drydocks World to be part of super-yacht marina project in Montenegro

Drydocks World to be part of super-yacht marina project in Montenegro

Sultan Bin Sulayem, Chairman and CEO of DP World, and Mohammed Al Shaibani, Chairman of Adriatic Marinas, sign off on new project for Drydocks World. The Dubai Government owned Drydocks World will take on a role in the redevelopment of a former shipyard site in Montenegro. The transformation of the Bijela Shipyard, Boka Bay will… 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

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

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