The executive director of the OT Logistics (OTL) company, Zbigniew Nowik, says that they are ready to invest €17.1m in modernizing the Port of Bar in the next 3 years. This Polish company was the only one to submit a bid for buying 30% of shares of the Port of Bar, ie 17 million shares…. READ MORE
The company “S & I Invest” from Podgorica submitted a request for a building permit for construction of a hotel complex with five-star “Falcons” in Budva, CdM has learned. Technical documentation is submitted to the Ministry of Sustainable Development and Tourism on December 30th, 2016. The hotel is about to be located along the coast,… READ MORE
Works worth €171.2m were carried out by the Chinese China Road and Bridge Corporation (CRBC), the main contractor on the priority section of the Bar-Boljare highway, by the end of 2016. This represents 21% of the amount agreed for designing and building this section, said the transport minister Osman Nurkovic, in an interview for Pobjeda…. READ MORE
Photo caption: A rendering of Portonovi in Montenegro, the developers of which were in Abu Dhabi last week. Courtesy Henry Wiltshire International Europe’s newest sovereign state, Montenegro, has become the latest holiday destination trying to attract investors from the UAE. The property developers behind Portonovi, a luxury property development being built in the tiny south-east… READ MORE
The Director of the OHM Mamula Montenegro DSD, Predrag Nenezic, says that a project of Fort Mamula on the Lastavica island near Herceg Novi should be completed by the middle of 2019. Nenezic says that a concept of the Swiss company Orascom, which is a long-term leaseholder of this site, is completely in line with… READ MORE
Minister of Economy Vladimir Kavarić PhD met representatives of Chinese company NUCTECH during the 5th Summit of chiefs of governments of Central and Eastern Europe and China within cooperative project 16+1. The Summit is being held in Riga, and NUTECH is one of the largest Chinese companies in high tech field with its own innovations… READ MORE
Adriatic Properties’ offer for buying the Durmitor hotel in Zabljak was assessed as the best, the bankruptcy trustee of the hotel, Snezana Jovic, told Dnevne Novine newspaper. “Adriatic Property’s offer is the most favourable. We will inform the other bidders on the decision. They have a right to complain. After that, the contract will be… READ MORE
The former Balkan state has dusted itself down and turned its sights on high-end investors with very deep pockets The strange thing about Montenegro for many is that their perception stems from a total fraud: the 2006 James Bond movie Casino Royale. Despite multiple references, not a single frame of film was recorded there…. READ MORE