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CKB takes over SocGen Montenegro

CKB takes over SocGen Montenegro

Crnogorska Komercijalna Banka a.d. (CKB), the Montenegrin subsidiary of OTP Bank, signed an acquisition agreement on purchasing 90.56 per cent shareholding of the Montenegrin Societe Generale a.d. (SGM), OTP Bank Plc. announced. “The agreed purchase price for 90.56 per cent shareholding of Societe Generale Banka Montenegro amounts to EUR 40,455, 538. The purchase price per… READ MORE

American companies want to invest in Podgorica

American companies want to invest in Podgorica

American companies are interested in investing into the capital of Montenegro. This was the subject of today’s meeting and such attitude was reported by the co.founder of the company Ice Gliders, Sevastian Ploščanski and Deputy President of IBG & Plate Group, Farsard Kai. “City administration has the ambition to implement significant capital projects, and  in… READ MORE

New rules for import of cars in Montenegro

New rules for import of cars in Montenegro

Starting from October, 15 of this year, any imported passenger or freight vehicle must be equipped with motor of minimum standard EURO 4, whereas a brand new vehicle must have EURO 6, minimum standard, reports the Ministry of Transport and Maritime Affairs. “The Ministry has drafted amendments to the Rule book on technical requirements for… READ MORE

If we can’t manufacture cars, we can generate electricity

If we can’t manufacture cars, we can generate electricity

With the existing economy structure, it is difficult to expect significantly higher coverage of imports by exports, says the economic analyst Predrag Drecun. He claims that some of the imports could be substituted by higher production of food and electricity. The Ministry of Economy believes that this should be done by developing economic patriotism and… READ MORE

Turkish companies ready to invest in Montenegro

Turkish companies ready to invest in Montenegro

Montenegrin deputy prime minister Milutin Simovic and his Turkish counterpart Recep Akdag have signed a package of agreements and thus achieved results in the field of deepening and improving economic cooperation. The goals have been defined, which include three times increase in the volume of trade exchange and encouraging new Turkish companies to invest in… READ MORE

Luxury location for a premium brand: BMW Store opened in Porto Montenegro

Luxury location for a premium brand: BMW Store opened in Porto Montenegro

At the most luxurious location on the Montenegrin coast, within the Porto Montenegro complex, BMW Store was officially opened yesterday. It is the second sales facility of Voli Motors, a BMW dealer for Montenegro. In addition to possibility to test and purchase cars, clients will be able to buy the latest accessories from the BMW… READ MORE

Tivat Airport maintains growth

Tivat Airport maintains growth

Tivat Airport has recorded its fourth consecutive month of passenger growth in June by handling 189.453 travellers, a notable increase of 28.8% compared to the same month last year. During the first half of 2017, the airport welcomed 356.902 passengers through its doors, up 22.4%. The majority of travellers using the airport came from Russia,… READ MORE

Putin extended sanctions to Montenegro until 2018

Putin extended sanctions to Montenegro until 2018

Russian government stated yesterday that they would extend the sanctions for Montenegro until 2018. “Ban on imports of certain agricultural products, materials and ingredients from the US, EU, Canada, Australia, Norway, Ukraine, Albania, Montenegro, Iceland and Lichtenstein has been extended from January 1st to December 31st of 2018”, the statement reads. Russian government claims that… READ MORE