03 August 2019 - The Montenegrin Government has earmarked over 825.000 EUR for the construction of roads within the Business zone in Mojkovac. The Public Works Management signed the building contract with the “Fidija” company from Podgorica. The contractor obliged to complete the works within 120 days from the day the works start, said the representatives of the Government.

This is an important investment which will be incentive to entrepreneurship in Mojkovac and the creation of new jobs, as CdM reported.

“Detailed town planning envisages construction of around 850 meters of roads within the Business zone with sidewalks and revetments, laying plumbing fixtures, foul water system and atmospheric sewerage system, setting up vertical and horizontal signaling, as well as works on the electric and telecommunication installations,” said the representatives of the Government.

Back in March 2019, the Government of Montenegro signed a contract with the private company Novi Volvox on the completion of the conceptual design, main project and the construction of a six-seater ski lift “Z4” at the ski resort Žarski in Mojkovac, according to the principle "Project and build".

"The main designer and manufacturer of equipment which will be installed at the Žarski site is the Italian company Leitner, one of the largest manufacturers of ski lifts in the world. The quality and standard that Leitner applies in their projects are recognized in all countries, so that its lifts are now present at the most attractive ski resorts in the world," the Government representatives explained on this occasion.

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

02 August 2019 - Energy Regulatory Agency acquired the status of a closed distribution electricity system for the Uniprom company and Luštica Development.

These companies thus gained the right to deliver electricity independently in the zone of the Aluminum Plant, that is, in the area of Luštica Development tourist complex.

The purpose of the closed distribution system is the delivery of the electricity in the geographically limited area for the complexes which have integration of work or production process, trade or service activities, such as Aluminum Plant and processing factories built by Uniprom within the Plant and Luštica Bay, as CdM reports.

“Uniprom Nikšić and Luštica Development Utilities Company are obliged to pay a fee for the use of the closed distribution system, following the law. Uniprom is obliged to provide special measuring sites for the users, before the contract is concluded,” read the decisions adopted by ERA in yesterday’s session.

The closed distribution system of Uniprom, which own Aluminum Plant, is connected to the transmission system through three connecting transmission lines. The closed distribution system of Luštica is connected to the distribution system managed by CEDIS Pržno substation. This institute was introduced three years ago.

Uniprom Group planned on the opening of the Uniprom KAP factory of aluminum billets/logs for December 2019. The planned value of this investment is approximately 15 million EUR. It is expected that these two factories will create 80 new jobs.

"In addition to the already installed silumin factory, which will produce 30,000 tons of special alloys of an outstanding foreign market value of 75 million USD, which will be opened soon, we are starting to implement the next project, which is the construction of a new factory of aluminum billets/logs," said owner of the company Veselin Pejović on this occasion.

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

02 August 2019 - During the latest session, the Government of Montenegro adopted the Annex to the Contract on the Registration of domain names with the Procedure for the Assignment of domain names from the premium and reserved domain list.

The Annex defines the new manner of the assignment of domain names recognized as “domain of direct offer”. List of reserved domains now contains the following domain names: ocisti.me, s3.me, tuzi.org.me, komunaeulqinit.me, opstinaulcinj.me and golubovci.me, while the premium list consists of domains such as:  original.me, bike-with.me, enjoy.me, example.me, experience-with.me, golf-with.me, raft-with.me, surf-with.me… . The Government determined that a minimum price at which a domain can be sold shall be formed on the basis of expertise.

The Government also adopted amendments to the List of reserved domain names with international names with amended List. Following that, domains: ocisti.me, s3.me, tuzi.org.me, komunaeulqinit.me, opstinaulcinj.me and golubovci.me, were included on the list, whereas several domain names were relocated to the list of premium domains.

Since 2008, when the registration started, .me domain has been attracting attention thanks to its interesting meaning, diversity and, above all, possibility for personalization in accordance with the users’ needs.

“Before commercial registration of domains, the Government defined a list of premium and reserved domain names in cooperation with Domen LLC. The objective was to create active and relevant contents in the best .me premium and reserved domains which would establish total value of .me community and make domain globally recognizable. Names that attract attention and generate demand contribute to the transformation of total .me cyber space into a successful cyber community which becomes more attractive for new members,” stated the representatives of the Government.

In 2012, a Development program which envisages assignment of domains on the basis of project planned for the development in that particular domain was introduced. By the end of 2018, around 700 premium domain names have been allocated via auctions and over 200 premium domain names through Development program.

Quality of the domain name is determined in accordance with the number of visits to the so called pages specially created for every domain from premium and reserved list. Another important indicator of demand for a domain is the number of applications for the Development Program.

However, 2018 saw the evident decline in number and quality development program applications as a consequence of accessibility of premium names of other extensions after the decision of ICANN on opening market for new generic domains.

“Due to great competition, registers developed a new functionality of premium registrations and renewals, which enables registrars to be part of the premium registration chain. Registration chain has expanded significantly,” said the representatives of the Government.

Application of the new allocation approach entails defining the money value of the domain. A user who is ready to pay the amount following the principle “first come, first served” gets the right to use the domain.

Such an approach is very similar to the allocation of names in the secondary market. Premium and reserved domain names assignment procedure via direct offer

Direct offer is divided into two phases. The first phase involves getting in contact will all potential registrants who have expressed their interest in .me premium domains. This phase of the registration is going to be carried out via “Afternic” platform.

“Registration agent determines the proposal for minimum allocation prices, which is formed on the basis of expertise. After that, domains are segmented into a specific number of price groups,” reads the document, as CdM reports.

After independent expert had estimated the value of all premium .me domains, ten price groups are formed.

Every domain will be initially offered on the “Afternic” platform at maximum price in its belonging group, whereas minimum price at which domain can be sold is the price proposed by independent expert.

The difference between the published and minimum price will create room for negotiations with registrant, since the registrant can offer his own amount on the platform.

The second phase is expected to begin on 31 January 2020. In this phase, after prices had been formed on the basis of minimum registration prices, registrant will not be able to impact it anymore.

The second phase also entails testing two registration options: premium registration plus regular renewal and premium registration plus premium renewal.

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

“It is an honour for our guests and visitors to refine their summer holidays in Tivat and Montenegro this August through these two glamorous occasions. The Full Moon Dinner is already a tradition, but this month's crown is nevertheless the gala dinner created by Juan Amador - a proud owner of 3 Michelin stars. These nights will push the border of gastronomic events at the Regent Hotel this summer, and the fifth anniversary of our work deserves that. It was preceded by a party honouring the completion of the Baia Wing,” Kai Dieckmann, general manager of the Regent Hotel said.

The third outdoor party will follow on August 22nd and will be hosted by Maso Cekic - an experienced gastronomic journalist from Tivat, who will reflect the cuisine of Tivat and Boka Kotorska on the terrace of Gourmet Corner through several types of pasta and risotto.

Gramophone and shisha lovers will have the opportunity to enjoy vinyl records with a special bar on the 9th and 23rd of August at the Regent Hotel's Italian Garden. The depths of the Adriatic are the inspiration for the grill party, which will take place on August 2nd and 16th and will feature mainly fish specialties on the menu.

Outdoor dinners will be held every Thursday at the Gourmet Corner, where live pastas and risotto will be prepared on the terrace - an ideal option for a light dinner after the beach and before sunrise. Gin lovers will have the chance to try their favourite combination at the gin bar, available daily from 6:00 pm. The innovative selection of cocktails this year is led by the Cocktail "Sunshine", which has been inspired by the sunrise in Boka Kotorska.

01 August 2019 - Director of Public Works Administration, Rešad Nuhodžić, President of the Municipality of Bar, Dušan Raičević and Director of Public Enterprise for Coastal Zone Management, Predrag Jelušić, signed Contract on the Implementation of Project Construction of a square and a promenade in Sutomore – II phase.

This phase entails total reconstruction and square paving with hospitality terraces, as well as rebuilding part of the road in the hinterland of the square.

According to the provisions of the contract, works in this phase will cost 965.925,21 EUR. Professional supervision will cost 40.000 EUR, as CdM reported.

The Municipality of Bar will provide financial assistance with 100.000 EUR, Coastal Zone Management will provide 425.000 EUR and the Government of Montenegro will earmark the rest.

Public Works Administration will soon invite the tender for bidders for the execution of works on the construction of promenade and a square in Sutomore.

Rešad Nuhodžić pointed out that a significant project was to be implemented soon. It will be important for tourism and it will improve the standard of living in Sutomore.

“Sutomore has been one of the most popular tourist destinations for years. Therefore, it deserves new amenities. The total value of all four phases of the projects amounts to 5,4 million EUR,” said Nuhodžić.

Public Works Administration will publish tender documentation in the coming days.

“I would like to point out that this investment represents one of the Government’s strategic commitments and its endeavors to use tourist potentials of Montenegro as much as possible,” pointed out Nuhodžić.

President of the Municipality of Bar, Dušan Raičević, thanked Coastal Zone Management for successfully implementing the first phase.

“We are constantly trying to improve our tourist offer. Out town is becoming more and more important. Sutomore, as one of the generators of visits, deserves a different definition. Square and promenade will turn Sutomore into an elite tourist destination, which will contribute to the higher profit generated in tourism,” said Raičević.

Director of Coastal Zone Management, Predrag Jelušić, said that this project was one of the most important projects for the municipality of Bar and one of the greatest financed by Coastal Zone Management.

Jelušić also thanked the municipality of Bar for its dedication and Public Works Administration for taking over the works.

Jelušić announced the next great project – arrangement of the whole coastal zone in Budva and Bečići and international tender for the conceptual architectonic design.

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

1 August 2019 - Rakcevic, the owner of Petrovac Villa Oliva, is expecting a second session of negotiations with government representatives in mid-September and agreeing on an agreement for the Dr Simo Milosevic Institute.

Zarko Rakcevic told Vijesti that, regardless of the differences, he believed that an acceptable deal would be reached for both parties.

A consortium of Czech company Philibert and Villa Oliva has offered 10 million euros for 56.48 percent of the state's shares in the Institute and 27.94 million euros in investments over the next five years.

Institute for physical medicine, rehabilitation, and rheumatology „Dr Simo Milosevic“ JSC Igalo, is one of the largest and most famous institutions for a multidisciplinary spa treatment in the Balkans. It is a pioneer of the modern physical and preventive medicine, rehabilitation, thalassotherapy and wellness, and became one of the leading international centers for rehabilitation of children, adults, and seniors.

Beyond initial expectations, negotiations with the Tender Commission were not conducted during July, with a summer break in August.

"The Tender Commission for Privatization has started negotiations with the consortium on the conclusion of the contract of sale, which is underway," Economy Minister Dragica Sekulic, who chairs the Tender Commission, told Vijesti.

At the end of March, the Privatization and Capital Projects Council approved the Tender Commission report on the results of the tender and tasked it with negotiating the contract.

Rakcevic said that the first round of negotiations was held on May 31, when some controversial issues related to land ownership, inherited and future litigation and guarantees were discussed. Regardless of the differences, he sees no reason or impediment to agree on all three topics.

Sekulic said the bidder would also be obliged to accept the Institute's disputes, whose financial outcomes cannot be predicted now.

She recalled that the aim of the tender is to provide, through privatization, an investor who will invest money in the company's core business, that is, in the restoration of health care and the provision of tourist services in health tourism.