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Tags: mamula

British capital: Tenth Planet is building a resort on Luštica worth 10 million euros

British capital: Tenth Planet is building a resort on Luštica worth 10 million euros

The company “Tenth Planet” from Tivat will build a four- and five-star tourist resort on the Lustica peninsula. In 2014, company announced that they plan to invest ten million euros in the resort. The main state architect Dragan Vukovic gave his consent to the conceptual architectural solution. The founder of the company is the company… READ MORE

€1,7 billion invested in projects on the coast

€1,7 billion invested in projects on the coast

Coronavirus has seriously affected tourist season in Montenegro and projects in that sector. For 14 years of independence, renowned investors have been choosing Montenegro as prestigious destination that’s worth it. The situation hasn’t changed. On the contrary. On the coast almost €1,7 billion has been invested so far, mostly in the Municipality of Tivat. PORTO MONTENEGRO… READ MORE

€4 million of investments in Mamula

€4 million of investments in Mamula

Preparation works on Mamula Fortress, or island Lastavica, which is located at the beginning of Bay of Kotor, will be over by May. Construction works will begin in the second quarter of this year. According to the information given by the investor, Orascom Hotels Management Mamula Montenegro, around €4 million will be invested. Adaptation and… READ MORE

The main works on Mamula begin at the end of April

The main works on Mamula begin at the end of April

The main works on the valorisation project of the Lastavica island with the Mamula fortress are expected to begin at the end of April. According to preliminary projections, €4.5m is to be invested there this year. The Swiss company Orascom Development is a long-term leaseholder of the island with the fortress. In the government’s report… READ MORE

Mamula is a tiny rough diamond

Mamula is a tiny rough diamond

The island of Lastavica with the Mamula fortress is being cleaned, after which the conservation and restoration of the fortress should be started, which would be turned into a five-star hotel. Also, the lessee Swiss Orascom, is conducting active discussions with relevant institutions in charge of cultural and historical heritage in order to determine what… READ MORE

12 Reasons Why You Should Include Herceg Novi, Montenegro In Your Travel Bucketlist

12 Reasons Why You Should Include Herceg Novi, Montenegro In Your Travel Bucketlist

Montenegro comes from two words: ‘monte’ and ‘negro’ which means Black Mountain. This infamous name comes from the dark mountain forests that cover the land. It is a piece of heaven you’ll find along the borders of Croatia, Bosnia, and Herzegovina. Jonathan and I ended our trip in Montenegro a couple of days ago. We… READ MORE

More than €500,000 invested in Mamula

More than €500,000 invested in Mamula

More than €500,000 was invested in the Mamula fortress, it was stated after the sitting of the Privatisation and Capital Investments Council chaired by PM Dusko Markovic. The Privatisation Council discussed several annual investment reports, including the 2017 report on the reconstruction of the Mamula fortress on the Lastavica island. The investor already began preparatory… READ MORE