Business

20 Aug 2019, 13:14 PM

According to Monstat, the minimum consumer basket in July amounted to EUR 641.6, which is 0.2 percent less than in June.

"Out of the total value of the minimum consumer basket, expenditure on food and non-alcoholic beverages amounted to 270.9 euros, which is 0.4 percent less than in June," the statement said.

Statisticians said expenditures on non-food products and services amounted to 370.7 euros, which is 0.1 percent less than in June.

The minimum consumer basket refers to household consumption, which includes food and non-food products and services, which enables the maintenance of the life and working ability of household members.

The minimum consumer basket complies with the minimum recommendations of the World Health Organization (WHO) and the USDA Food Guide 2010 for a minimum calorie intake of 2.21 thousand calories per person per day.

“The value of the minimum consumer basket is based on data from the Household Budget Survey and the World Bank (WB) recommendations. The value of the minimum consumer basket for a four-person household is the minimum monthly expenditure related to food and non-alcoholic beverages and non-food products and services, ” as said from Monstat.

For calculating minimum expenditures related to food and non-alcoholic beverages, average prices for the current month and monthly quantities in kilograms for a four-member household are used.

Consumer price indices (CPIs) are used to calculate the value of a basket of non-food products and services.

Text by MINA Business, on August 20th, 2019, read more at Vijesti

19 Aug 2019, 23:26 PM

19 August 2019 - The Sports and Recreation Centre, with its accompanying sports facilities, will be built in Tivat, over the next two years, which will contribute to the increase in the number of athletes in that city and to position the city as a sports and recreational destination. This was announced by the Mayor of Tivat, Sinisa Kusovac, on the occasion of the International Karate Seminar held in that city, at which the five-time Karate Champion Rafael Aghayev from Azerbaijan was the lecturer.

"This kind of seminar contributed to getting us in the position to start building a sports complex in Tivat in the next two years. On this occasion, we have already made the decision on the purchase of a certain complex around the Župa Sports Hall, with the aim of building a Sports and Recreation Centre, with accompanying sports facilities,” said Kusovac.

According to him, the basic idea of ​​the guide is that, in addition to Tivat being branded and having a culture at an enviable level, “sports should be a branch that will contribute to the greatest number of athletes' arrivals, and position the Municipality of Tivat as a sports and recreational destination.

"Apart from being a nautical destination, it should be a sports destination as well as a cultural destination," Kusovac said.

He said that this was supported by the next session of the Municipal Assembly, which is scheduled for tomorrow, and at which, he explained, a decision will be made on the purchase of four thousand square meters of land within the Župa sports complex.

"This complex will be rounded up, will have a much larger number of squares, and in the coming period, with the work of architects, a new sports hall, a new sports and recreational center with all facilities will be built at this place," Kusovac said.

He said that the leadership of Tivat Municipality will endeavor to build an indoor swimming pool in that city as long as the spatial planning documentation permits after a certain time, "so that it will be an enviable destination, where the arrival of sports clubs will contribute to the recognition of Tivat in this field."

The most trophy karate player of all time and five-time world champion, Rafael Aghayev, who is a lecturer at the two-day international karate seminar, said that he was in Montenegro for the first time, stating that he would like to come more frequently in the coming period.

"I'll be here for two days. We have two training sessions each day, and today will be another, third training. We know your team very well, we are rivals in competitions, but we are not enemies. After the competition, we are all friends. I want your team to become a world champion, "Aghayev said.

Previously, in the Municipality of Tivat, a reception was organized for Aghayev and the most trophy Montenegrin karate players.

The International Karate Seminar, organized by the Mawashi Club 2015 and the Karate Federation of Montenegro, is attended by around 200 karate players from Montenegro, Bosnia and Herzegovina, Serbia, Croatia and Albania.

Source: Radio Tivat

19 Aug 2019, 13:30 PM

By the end of this year, Tivat Airport will serve over 1 million and 300 thousand passengers, thus breaking the record so far. Airport director Radovan Maric told Radio Montenegro that Terminal 2, which was built less than a year ago, contributed to the reduction of crowds and increases passenger comfort.

According to Maric, the construction of the Terminal is only a transitional solution and he believes that a new airport should be built because of the increasing traffic.

“Tivat Airport was built in the middle of the last century. Then, one or two planes landed on a weekly basis, now there are over 60 planes a day," said Maric.

“Tivat Airport was built in the middle of the last century. Then one or two planes landed on a weekly basis, now it is over 60 planes a day,"  said Maric.

He states that infrastructure has not been following the growth of tourism.

"Earlier, perhaps when Porto Montenegro was being built, a strategic decision should have been made to build a new airport, now all this is unfinished, I will be clear to say even dysfunctional to the extent required by modern travelers," Maric said, adding that Terminal 2 this season contributed much to the relaxation at the airport.

At no point was passenger safety questioned, according to the director of Tivat Airport, and stresses that the recent runway renovation is a regular job at every airport.

The very fact that the German Lufthansa sent its planes to Tivat airport for the first time, considering it completely safe, denies all those who have said otherwise.

"Security has never been questioned, of course, that security can be greater and better," Maric said.

Maric also hopes that an overnight landing and departure of the aircraft from the airport Tivat will be possible soon.

Text by RTCG, on August 18th, 2019, read more at CdM

19 Aug 2019, 10:31 AM

19 August 2019 - From the beginning of the year, the Monteput company, which operates the Sozina tunnel, collected over 6 million EUR from toll payments to use the tunnel Sozina, Cafe del Montenegro reported.

The total revenues from tolls for passenger vehicles amounted to 3,85 million EUR, while 2.2 million EUR was collected from other categories of vehicles.

"The total revenues from tolls at the Sozina tunnel amounted to 6.071.670 euros," the company Monteput announced.

The representatives of the company say that 12.080 vehicles on average pass through the tunnel Sozina daily during the summer season.

"We count that the summer season starts as of 1 June and until 13 August, a total of 12.080 vehicles on average have passed through the tunnel Sozina. There is no crowd at toll booths for most of the week, which means that passengers are waiting just a minute or two," stated the representatives of the company Monteput.

From the beginning of the year to 13 August 2019, 1,76 million vehicles have passed through the tunnel.

In addition, this company issued 230 smart cards from the beginning of the year, as well as 279 TAG devices that removed the need to pay the toll charges using cash.

When it comes to the investment in the tunnel, Monteput changed and put in place a new system of managing the tunnel, which includes protection against explosive concrete spalling with polypropylene fibres, detection of incidents and video surveillance.

Read more news about business in Montenegro at TMN's dedicated page.

18 Aug 2019, 11:09 AM

18 August 2019 - Natural gas that is going to be transported by the Trans-Adriatic gas pipeline, will contribute to decarbonization and its effects will be felt in South-East Europe and Western Balkans primarily, said a representative of TAP for Greece Katerina Papaleksandri.

According to Papaleksandri, energy sectors hinge on hard fossil fuels for electricity production, such as coal and lignite.

"Trans-Adriatic Pipeline will help Europe shift to the economy with low carbon-dioxide share, it will diversify energy supply sources, strengthen European competition and improve the European gas connection. We expect demand for natural gas to increase, since it replaces coal and wood," said Papaleksandri.

Trans-Adriatic Pipeline is part of Trans-Anatolian Pipeline which came into use last summer and is intended to bring gas to the Azerbaijani  Shah Deniz 2 gas field in the Caspian Sea, crossing Turkey to Europe. Trans-Adriatic Pipeline starts at the Greek-Turkish border, goes through Albania, Adriatic Sea and comes ashore in Southern Italy. The first gas deliveries will begin next year.

Papaleksandri said that works in Greece and Albania neared completion and that almost all pipes had been filled and installed.

"Trans-Adriatic Pipeline is currently moving further into the project construction phase. Compressor and dosing stations are being completed, pipeline receiving terminal in Italy as well," pointed out Papaleksandri.

She points out that the European Commission and the EU Member States have recognized the Trans-Adriatic Pipeline as a very important strategic project. The pipeline is 878 kilometers long.

On 1 July, the Trans-Adriatic Pipeline launched a market test, a commercial process through which gas shippers can get access to new, long-term capacities.

Trans-Adriatic Pipeline representative for Greece says that natural gas is the best energy source in conjunction with renewable resources, thanks to its price and natural characteristics.

"Gas, as the cleanest fuel fossil fuel, has clear environmental advantages over other energy sources such as coal and oil," stressed out Papaleksandri, as CdM reports.

She adds that the development of renewable energy resources is crucial to European transition to the economy with low carbon-dioxide share.

"Natural gas will still be part of the divergent energy mix, which includes other energy sources, such as renewable nuclear sources. Europe will need reliable, safe and accessible energy coming from various sources. In accordance with the European Energy Strategy, every EU Member State should have access to at least three electricity supply sources," concluded Papaleksandri.

Trans-Adriatic Pipeline stretch passing through Montenegro is Ionian-Adriatic pipeline. Papaleksandri said that she did not want to comment on other pipeline systems.

"Trans-Adriatic Pipeline remains open for cooperation with IAP promoters," added Papaleksandri.

Read more news about business in Montenegro at TMN's dedicated page.

17 Aug 2019, 16:49 PM

17 August 2019 - Works on the Bar-Boljare highway are going according to plan. The latest video recording made by the Bemax company clearly shows it.

Three bridges have been finished, and the first segment of Moračica has been connected. The bridge is expected to be finished by September. Moračica will be 360 meters long and 23,4 meters wide. Five pillars will support it. The range from the bottom of the Morača riverbed to carriageway construction will amount to more than 200 meters.

The most expensive bridge on the highway priority section, Smokovac-Mateševo, is the Moračica bridge and its cost will be around 74,5 million EUR. The Preslo bridge will cost 1,3 million EUR, said the representatives of the Ministry of Transport and Maritime Affairs of Montenegro.

According to the data, around 205,3 million EUR has been spent on the construction of 20 bridges and 387,6 million EUR has been earmarked for the construction of 16 tunnels on the Bar - Boljare highway. After Moračica, Jabuka bridge is the most expensive (29,3 million EUR). It is followed by Uvac 4 (18 million EUR), Tara 2 (14,6 million EUR) and Tara 1 (8,6 million EUR).

As far as tunnels are concerned, Vjeternik is the most expensive – 66,8 million EUR. Kosman tunnel costs 51,9 million EUR and Vežešnik tunnel costs 44,7 million EUR. Mala trava costs almost 40 million EUR and Jabučki krš 28,4 million EUR. Vitanovice and Pajkov vir will cost 5,9 million EUR and 7,3 million EUR respectively.

Representatives of Bemax company, the biggest sub-contractor of CRBC, said that works would be finished within the established deadline, as Cafe del Montenegro reported.

First highway section is expected to be finished in the middle of 2020.

Read more news about business in Montenegro at TMN's dedicated page.

17 Aug 2019, 16:29 PM

16 August 2019 - Company "Design and CO" from Tivat has obtained approval for building a residential complex in Kavač settlement in Kotor. Conceptual design for another two residential facilities has been approved as well. The complex will consist of 5 buildings and it will have a total of 119 residential units. The project has been approved by Dušan Vuksanović, the acting chief state architect.

Chief Executive Officer of the "Design and CO" company is Sonad Kiliclar, who is also the founder of the company with 51% of the ownership.

Technical description of the facility states that it will be intended for tourists’ residence.

The conceptual design envisages 4 phases of the project. First two phases are currently underway. The first phase entails construction of two residential facilities, Block A and Block B, as well as the construction of a pool with a technical premise. The second phase involves the construction of one residential facility, block C. Phase III entails the construction of a garage with open parking. Phase IV involves the construction of two residential facilities, block D and block E.

Block A will consist of a ground floor, two floors and 36 residential units. Block B consists of a basement, ground floor and it will have 18 flats. Block C will have a basement, ground floor and two floors. It will have 23 flats. These three structures are currently under construction. The garage will have eight parking places. Open parking consists of the lower level, which is naturally sloped and has 101 parking places, and the upper level, which is parallel with the main road. It will have 12 parking places, as Cafe del Montenegro reports.

Block D will have two basement floors, ground floor, two floors and it will have 28 residential units. Block E will have a basement, ground floor and 14 residential units.

Read more news about business in Montenegro at TMN's dedicated page.

15 Aug 2019, 10:57 AM

15 August 2019 - The Ministry of Defense of Montenegro will acquire optoelectronic devices for the units of the Armed Forces of Montenegro. Optoelectronic devices include uncrewed aerial vehicles whose total value is estimated at 322.000 EUR, reported CdM.

Optoelectronic devices are means used for night surveillance and shooting, which convert image from an invisible infra-red area into a visible area.

Units of the army require four thermovision sets, “first responder aerial kit” which includes gyrostabilized camera and an unmanned aerial vehicle (drone) that is able to fly not less than 25 minutes. The Ministry also requested that thermal camera image resolution should not be less than 640 x 512 pixels and that entire kit should have at least two control devices with a screen for monitoring and documenting the identified situation in the field.

The Ministry of Defense is planning to provide the army with two thermal multi-functional devices for target location which can magnify the image by at least six times and which have image resolution not weaker than 1280 x 1024 pixels in limited visibility mode.

Devices must have integrated GPS receiver for exchange of data with commercial GPS systems.

Units of the Armed Forces also need binocular devices for night observation, as well as 28 spyglasses. They will also acquire four thermovision targets capable of detecting humans at a distance of 1.500 meters, recognizing humans at a distance of 600 meters and identifying humans at a distance of 360 meters.

This equipment will cost the Ministry 472.680 EUR and it will include equipment for infantry armament, equipment for Joint Terminal Attack Controller, diving equipment and kit for rescuers. The equipment for infantry armament will cost 33.680 EUR.

JTAC equipment will cost 23.000 EUR, diving equipment will cost 60.000 EUR, whereas equipment for rescuers will cost 34.000 EUR.

According to the Defense Strategy published earlier, the Ministry is planning to train and equip 50% of land forces for taking part and 10% of land forces for sustainable engagement in NATO peace and crisis response operations. The maximum contribution to NATO forces will be the engagement of a reinforced infantry company deployed in two six-month rotations. One infantry company will be engaged to contribute to leading NATO peace and crisis response operations.

Armed Forces will be equipped with 68 light-armored vehicles. By the end of the year, the Ministry should have signed a procurement contract.

The best-equipped armies around the world are extending technological boundaries. One of the fastest-developing weapons is uncrewed aerial vehicle.

For example, M19 Reaper drone has radically changed how the USA is carrying out military operations. It was first used in 2001 and it’s been used in a great number of missions across Iraq, Somalia and Pakistan ever since.

Military drones usually perform reconnaissance, spy and direct military tasks. American Air Force is planning to drastically increase its fleet of uncrewed vehicles in the operational use.

Read more news about business in Montenegro at TMN's dedicated page.

15 Aug 2019, 10:35 AM

14 August 2019 - The construction of Boulevard from Jaz to the Tivat Airport (reconstruction of the Adriatic Highway) will start next year. This project will considerably improve the conditions of this section. In summer it is often jammed, with little movement on the roads. The project will cost around 26 million EUR and the construction will take around two years, reports Cafe del Montenegro.

“The tender will be invited at the end of September. By the end of the year, we will know the contractor,” said the Director of Transport Administration Savo Parača.

The development of tender documentation for the contractor is following the procedures established by the European Bank for Reconstruction and Development.

Boulevard will be 16 kilometers long and Parača added that the Regional Water supply system has joined the project. Simultaneously with the construction of boulevard, the extension of capacities of the water supply grid will be well underway.

“The regional water supply system joined the project because it uses the loan granted by the European Bank for Reconstruction and Development. That project is worth between 10 million euros and 12 million euros. We thought it would be much cheaper and faster if we joined these two projects together. Everything has to be done according to European standards,” concluded Parača, using the opportunity to announce another important project.

“Complete reconstruction of the thoroughfare from Kamenovo to Bar is planned. The project is in the final phase. The tender procedure is going to be initiated in autumn,” stated Parača.

Read more news about business in Montenegro at TMN's dedicated page.

14 Aug 2019, 13:12 PM

For the first time in its history, the airport in Tivat will soon receive a special vehicle for towing and pushing aircraft on the airport platform (the so-called pushback tug), and the airport in Podgorica will get the vehicle for defrosting.

Montenegro Airports have issued tenders in value of 250,000 for the tug and 360,000 for the defrosting vehicle.

The tug will significantly improve the service of aircraft in Tivat and facilitate the work of ground handling teams and aircraft crews, who are now self-operating, parked on or off the platform of the airport Tivat. A tug with power and dimensions sufficient to serve commercial C-category passenger airplanes weighing up to 90 tons is required.

Special fluid from the defrosting vehicle sprays the wings and tail surfaces of the aircraft. Although the climatic conditions in Podgorica almost never freeze at the airport, AMNE has, after a severe winter a year and a half ago which caused major difficulties in air traffic during several days, opted to purchase this expensive equipment

Tug bids will be received by September 16, and the successful bidder will have 150 days from the date of signing the contract to deliver the new vehicle to Tivat Airport and to train the employees who will use it. The tender for the defrosting vehicle ends on 15 August and the successful tenderer will have 180 days to deliver it.

Text by Sinisa Lukovic, on August 12th, 2019, read more at Vijesti

13 Aug 2019, 21:48 PM

13 August 2019 - There are several projects which are going to be carried out in Ulcinj, says President of the Municipality of Ulcinj Ljoro Nrekić. He announced the construction of salmon farming factory and said that they are currently looking for investors in the tourist complex on Mavrijan hill, near Valdanos, whose estimated value amounts to 1 billion EUR, as CdM reported.

Nrekić stated that he is proud of everything that has been achieved ever since he took over the president function. Financial consolidation was the most important task.

“We have settled all the debts we had,” said Nrkeić.

Numerous projects are set to be carried out in the southernmost Montenegrin municipality. One of them is the construction of a salmon factory. The preparation phase of the project is underway. The construction is expected to begin by the end of the year.

“This project is very important. The factory will be located in Port Milena. We also have the construction of an airport in Ulcinj. Cargo planes will be delivering salmon to Rome for distribution. Around 500 people would have jobs," stressed out Nrekić.

He firmly believes that local administration will find the investor in the construction of five-star tourist complex on Mavrijan hill.

“The complex will consist of bungalows, three hotels, and a casino hotel, marina with 147 berths. It would be a resort and it would definitely boost tourism in Ulcinj and Montenegro,” concluded Nrekić.

The tourist season brings satisfaction to the local administration in Ulcinj. Nrekić also added that there is no development without infrastructure. Works on the construction of water supply system will begin soon.

Read more news about business in Montenegro at TMN's dedicated page.

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