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The world’s largest tour operator wants to build resort at Ada

The world’s largest tour operator wants to build resort at Ada

The world’s largest tour operator, TUI, operating with the Ulcinjska Rivijera property lessee, Karisima Hotels & Resorts, is interested in building a specific tourist resort at Ada Bojana, the Ulcinjska Rivijera executive director Radomir Mikan Zec told Dnevne Novine. He points out that the TUI representatives would build the tourist complex with a capacity of… READ MORE

Hungary invested over €470m in Montenegro

Hungary invested over €470m in Montenegro

Hungarian companies have invested over €470m in Montenegro since 2004. When it comes to investment volume, Hungary is the fifth biggest Montenegrin partner, president Filip Vujanovic said. After meeting with Hungarian counterpart Janos Ader, who is in a two-day official visit to Montenegro, he said that Hungarian companies invested more than €34m in Montenegro last… READ MORE

Improving the economic relations of Montenegro and Jordan

Improving the economic relations of Montenegro and Jordan

Montenegro and Jordan should work on further improvement of the economic relations of the two countries. The Agreement on Economic Co-operation between the Government of Montenegro and the Government of the Hashemite Kingdom of Jordan is of great importance, the director of multilateral and regional trade cooperation and foreign economic relations Goran Scepanovic and the… READ MORE

CEDIS invests €78m in electricity distribution network

CEDIS invests €78m in electricity distribution network

Montenegrin Power Distribution System (CEDIS) will invest €78m in the development and maintenance of the electricity distribution network in the country in the next three years, the company representatives told Dnevne Novine. According to the three year investment plan, CEDIS will continue the installation of smart electric meters, the construction of new electricity facilities, the… READ MORE

Rest of the highway with the Chinese

Rest of the highway with the Chinese

The greatest economic interest of Montenegro is the continuation of the construction of the highway after finishing the first section of Bar-Boljare and the government is ready to seek a model with China to provide funds for that capital investment, Prime Minister Dusko Markovic announced. He had a meeting today with the delegation of Sino-CEE… READ MORE

To open doors to investments from China

To open doors to investments from China

Prime Minister Duško Marković invited Chinese investors to invest in Montenegro and Central and Eastern European countries, and Montenegrin businessmen to open doors to investments through direct contacts with Chinese partners. “I am sure that at the Business Forum and at the Round Table of the president of the chamber of capitals you will be convinced… READ MORE

CRBC building 11 tunnels and 8 bridges

CRBC building 11 tunnels and 8 bridges

The priority section of highway Bar – Boljare, from Smokovac to Matesevo, has the main bulk of construction completed. That includes construction of key infrastructural facilities, such as bridge Moracica and two-pipe tunnels such as Jabucki krs and Klopot. Ministry of Traffic and Maritime Affairs said that the construction is ongoing on 11 tunnels. There… READ MORE

Arabs get Port of Bijela for €2.65m

Arabs get Port of Bijela for €2.65m

Bankruptcy trustee of the Adriatic Shipyard Bijela, Zarko Ostojic, approved the sale of the concession area to the consortium Adriatic Marinas-Damen for €2.65m. According to Dan, the decision was sent to the consortium yesterday by official mail. Adriatic Marinas owns Porto Montenegro and Damen is a Dutch company involved in overhauling and building ships and… READ MORE

Several foreign companies interested in airport valorization

Several foreign companies interested in airport valorization

Several companies from different countries are currently interested in valorization  of Montenegrin airports. So far, we had talks with UAE, Azerbaijan, Canada, Turkey and China, said Minister of Traffic and Maritime Affairs Osman Nurkovic. Speaking to Dnevne Novine daily, he said that the future activities concerning airports will be available to the public, which will… READ MORE

Arton: Benefits of economic citizenship counted in billions

Arton: Benefits of economic citizenship counted in billions

By introducing program of economic citizenship, Montenegro will attract a lot of investors, and those who left will return, said president of Canadian company Arton Capital, Armand Arton, speaking to Weekend Edition of Dnevne Novine daily. Arton Capital submitted a bid to the Government for preparation of program of economic citizenship, and it also organized… READ MORE