Business

30 May 2019, 15:09 PM

Igor Noveljic, Managing Director of Elektroprivreda Montenegro (EPCG), announced that the first phase of works for the solar power plant in Ulcinj, near Bliska Gora, will begin, with a deadline of 18 months for construction and is expected to be in production by the end of 2021. Noveljic said that the establishment of the project company (SPV), based in Montenegro, is in the final phase, which will be in charge of the project, whose total value exceeds 200 million euros.

The ownership structure of the company will be made by the winners on the state tender for the construction of a solar power plant: Finnish Fortum and EPCG with 49 percent of the shares, and Sterling & Wilson with two percent of the shares.

Noveljic specified that around 45 million relates to the first phase, which includes the procurement of the module and the overall scope of designing, purchasing and installing equipment along with works stipulated by the contract. The value of the investment in the transmission network, i.e., the power transmission system of Montenegro, including the construction of the substation "Bar 2", is estimated at about 30 million.

"The benefit of the project implementation will be multiple for EPCG, state, local government, domestic companies, and finally, citizens and consumers. Only based on lease costs, the investor will pay over 50 million euros into the state budget for a term of 25 years, not counting any other anticipated fees, taxes and costs that will be a significant part of the municipal budget," Noveljic said.

He added that, after the completion of both phases, 226 workers are expected to be employed, and he expects that up to 1,000 workers will be employed on the site during construction, as well as the participation of domestic firms will be around 20 million euros.

The contract between the state and consortium EPCG representatives, Fortum and Sterling & Wilson for land lease and construction of a solar power plant over 250 megawatts was signed last year, on December 28th. EPCG's Director, in response to what has been done to date, responded that negotiations with Sterling & Wilson, the world's largest EPC contractor in the field of solar power plant construction are ongoing, and about EPC contract design, equipment procurement, and solar power plant construction:

"Additionally, in the final phase, preparation of the necessary documentation regarding the establishment of a project company that will be in charge of the realization of the project, i.e. the contract of the members of the company, will soon be the subject of approval by the company's management, the Board of Directors and the EPCG Shareholders Assembly. After that, it will be established and registered," Noveljic said. The planned annual solar power plant production, after completion of both project phases, will amount to approximately 450 gigawatt-hours (GWh) of electricity annually.

The agreement foresees the lease of state-owned land of 6,621,121 square meters, out of which 2,930,243 square meters have valid spatial planning documentation for the purpose of building solar power plants, and for the remaining area it is necessary to obtain the spatial planning documentation.

Text by Ivana Gudovic, on May 29th, 2019, read more at Vijesti

28 May 2019, 00:48 AM

27 May 2019 - President of Montenegro Milo Đukanović met in Budva with the Regents of San Marino, Michele Muratori and Nicola Selva, who are on a visit to Montenegro on the occasion of the Games of Small States of Europe.

President Đukanović said that bilateral relations between Montenegro and San Marino are extremely good, that since the renewal of Montenegrin independence, they have been promoted in a spirit of mutual understanding and trust, and that there is a considerable space for their further progress. To this, as the President said, the high delegation's visit will also significantly contribute as an important step in intensifying the political dialogue that is the cornerstone of successful cooperation.

"Montenegro sees this event as yet another opportunity to connect and strengthen the cooperation of small countries, and to promote sports, economic potentials and confirmation of openness and friendship," Đukanović said. He particularly welcomed the holding of the small-scale economic forum as a good opportunity for connecting businesspeople.

The meeting assessed that Montenegro and San Marino, two small, friendly countries, have many similarities: a long and rich history and significant cultural heritage, and recognized as countries that respect tradition, at the same time follow the achievements of modern civilization and are committed to the affirmation of European values, but also of its peculiarities. Regents have shown great respect for the achievements of Montenegro, stressing that San Marino is looking for a more dynamic economic development and a European perspective.

"We are honored and pleased to stay in Montenegro rich in history, culture, and beauty. We are divided by the Adriatic Sea, but our nations are connected," said Muratori and Selva. Regents of San Marino called on President Đukanović to visit their country, which was accepted with pleasure.

During the conversation, numerous areas have been identified in which there are a mutual interest and opportunities for cooperation in the field of economy, tourism, and culture.

It is jointly assessed that the implementation of the concept of sustainable development, the preservation of the natural environment and cultural heritage, and the readiness for cooperation in this regard is extremely important for the two countries.

President Đukanović wished success to San Marino teams at the upcoming Games.

28 May 2019, 00:08 AM

27 May 2019 - A weeks-long protests of citizens, who have been claiming that the construction of two small hydropower plants on Bukovica River would significantly affect biodiversity, attracted the public's attention, after which the Government of Montenegro, that is, the Ministry of Economy decided to re-examine the concession agreement.

The executive director of the consortium Hydra MNE, Boban Garović, which has been constructing these small hydropower plants on the Bukovica River, says announced controls over the concession agreements won’t find anything wrong, because their documentation has even more than envisaged by the law.

“The Ecology Institute within the Podgorica-based Institute for Development and Research in labor safety prepared the environmental impact assessment study. Mr Aleksandar Perović of the NGO ‘Ozon’ represented Šavnik residents. The study was twice returned for reconsideration in order to conduct additional researches,” said Mr Garović.

He stressed that the study came as a result of months-long researches, and besides additional analyses, a hydrogeological map and sanitary protection zones were made. Small hydropower plants, according to him, represent an opportunity for the better quality of living in the north, with a minimal impact on the environment.

The President of the Municipality of Šavnik, Mijomir Vujičić, says that before they approved the projects on Bukovica River, all the facts had been taken into consideration, and one should not forget Šavnik is an extremely underdeveloped municipality with only 2,000 inhabitants.

“The construction of 2 small hydropower plants represents the largest private direct investment in the history of Šavnik, with an estimated value of 8.8 million EUR. The project will be lasting 24 months and there’s a chance for recruiting around 60 people,” Mr Vujičić clarified for Dnevne Novine daily.

Source: Cafe del Montenegro

25 May 2019, 21:38 PM

May 25, 2019 - Under the motto "Blaze the Trail," the seventh Spark.me, one of the largest marketing conferences in Southeast Europe, began today at the Porto Montenegro Auditorium in Tivat. The organizer of Spark.me is the company doMEn, the registration agency of the Montenegrin national internet domain.me, and the general sponsor is the company M-tel.

The Spark.me Conference is being organized since 2013, providing participation of prominent world experts in one of the most critical industries of today. Peter Shankman opened the seventh Spark.me gathering, and his inspirational stories from life and business had proper lessons and intrigued the auditorium, raising numerous questions.
 
The theme of his presentation was "Customer Economy" - which he said was incredibly simple. What is most famous for service providers is to listen to customers, and the first rule is transparency. "To have the audience is a privilege, not a right," said Shankman, which should especially be taken into account by media outlets. Demonstrating that his preoccupation is profoundly universal, encouraged by the fact that two friends committed suicide in the past year, he ended his exposure by turning his attention to the fact that we all need to keep mental health and that we need someone to listen to us. He offered his help - "contact someone, if you do not know who, contact me."
 
Shankman is a professor at the University of New York, the author of five business bestsellers, an expert in customer experience, and a serial entrepreneur. "The New York Times" described him as a "rock star who knows absolutely everything about social media." Shankman is also the single father of a six-year-old girl.
 
Jason Miller, Director of Brand Marketing for the EMEA region at Microsoft, a rocker photographer, and professor of digital marketing at Berkeley gave a lecture on creativity and artificial intelligence (AI). In addition to developing the company's brand, Miller develops programs based on the latest technological advances, such as artificial intelligence.
 
The conference allows participants to learn about current trends in the field of marketing, technology, and business from world-famous experts, and to get in touch with over 580 conference participants from 28 countries in the world.
 
Followed the exposure of Cate Murden, founder of the PUSH consulting firm, basing his practice on human behavior research, and the lecture by Julius Dein, one of the most famous magicians of the world, who managed to build an online audience of over 20 million followers in just three years. Sam Conniff Allende, a multi-award-winning entrepreneur who founded ten successful companies on the principles of social entrepreneurship and the bestselling author, held the lecture titled "Professional Rule Breaking – The Next Essential 21st Century Skill." Followed the presentation of Anab Jain -TED speakers, designer, film producer, and co-founder Superflux, a world-renowned company that innovates in the field of design and technology trying to bring us closer to the world of the future.
 
On the second day of the Spark.me Conference, participants will meet Brooke Saward, founder, and editor of one of the world's most popular blogs about travel in the world - the World of Wanderlust, with the help of which she built an online audience with over 1.2 million members. 
 
Jeremiah Owyang is the co-founder of Kaleido Insights, and worldwide authority to develop programs that boost innovation by corporations. One of the tomorrow lecturers will also be Tom Goodwin, vice president and director of innovation at Zenith Media, one of the world's largest advertising agencies. Brian Fanzo, founder of iSocialFanz, working to develop and implement innovative digital strategies for companies such as Dell, EMC, Adobe, IBM, UFC, Applebees and SAP, will expose his experience within the lecture "Think Like a Fan." 
 
One of the guests of the seventh Spark.me conference is Lars Silberbauer, Vice President Viacom Digital Studios, Viacom Department responsible for creating and distributing the digital content of some of the world's leading entertainment industry leaders, such as MTV, Nickelodeon and Comedy Central.
 
Spark.me, the largest conference event so far held in the Porto Montenegro Auditorium and the first conference edition in Tivat, is finishing tomorrow, including the announcement of the most successful projects within Startup Competition, the regular segment of the conference program. The closing keynote, named "How to Fix the future" will give Andrew Keen, author of the bestseller "Amateur Cult - How the Internet Kills Culture" and one of the most famous and most controversial commentators of the digital revolution in the world.
 
Source: Radio Tivat, www.spark.me
23 May 2019, 01:16 AM

22 May 2019 - At the IMEX Fair, which takes place from May 21 to 23, Montenegro was awarded as one of the top eight MICE destinations for 2019.

National Tourism Organization of Montenegro is currently exhibiting at the IMEX Fair, the worldwide exhibition for incentive travel, meetings and events. Based on the evaluation of over 450 European professionals from the congress industry, Montenegro ranks among the eight best MICE destinations for 2019! According to the results that Montenegro achieved, the "Pro Sky Destination Award 2019" was presented to the representatives of the National Tourism Organization of Montenegro.

Montenegro Mice

Pro Sky, a German international corporation specialized in customized jet travel, recently published the Annual Pro Sky Destination Report 2019. This report covers the most beautiful destinations, event industry, and travel trends based on the responses of 456 European survey participants. A recent trend that is in the focus of this year’s report is MICE destinations – destinations for meetings, incentives, conferencing and exhibitions.

The interest in Montenegro in this segment of tourism offer records continuous growth throughout the years. According to the currently organized and contracted events, an increase of not less than 10% in comparison to the previous year is expected by the end of the year.

Montenegro Mice 2

During the three days of the IMEX Fair, over a hundred meetings with event organizers from the markets of Germany, Russia, Poland, Great Britain, France, America, etc. were held at the Montenegrin stand. During these meetings, the Montenegrin MICE offer and possibilities for organization of events in Montenegro were presented.

"IMEX", one of the most important European fairs of the congress industry, business and incentive (motivational) travel, is held from May 21 to 23, 2019 in Frankfurt. The fair attracted around 14,000 business visitors, of which 3,500 exhibitors from 160 countries. The majority of interested MICE event buyers present at this fair are from the markets of Germany, USA, UK, France, Russia, and Scandinavian countries.

At the stand of Montenegro, Local Tourist Organization of Budva, Montenegro Stars Hotel Group, Hotel Avala Resort and Villas, Hotel Lazure Hotel & Marina, The Chedi Luštica Bay, Montenegro Tourist Service, Explorer and Montenegro In Style presented their offers.

Source: National Tourism Organization of Montenegro

22 May 2019, 23:14 PM

21 May 2019 - Construction of the second block in the Thermal Power Plant Pljevlja is currently not a priority of the Electric Power Company of Montenegro, as this company has started a massive investment momentum in order to diversify energy production from renewable energy sources, in the first line wind and sun, the Chairman of the Board of Directors within the company, Đoko Krivokapić.

“If we were to compare this year’s results from the first quarter with the ones we had in the same period last year, I would say we are not quite satisfied with them. The company’s business revenues in the first trimester of 2019 amounted to 90.4 million EUR, while the new profit of the company amounted to 10.7 million EUR. The total electricity production in the first quarter of 2019 was 845 gigawatt-hours, which is by 12.7 per cent or 123 gigawatt-hours less compared to 2018,” said Krivokapić regarding the Electric Power Company of Montenegro results

Having in mind hydrology which was below the average level, Krivokapić added that he was satisfied with the electricity production and the company’s business results in the first quarter.

According to him, the Electric Power Company of Montenegro expects a public procurement procedure soon to be announced, in order to implement ecological reconstruction of the Thermal Power Plant Pljevlja, while the works should be completed from 2019 to 2021. The implementation of a project referring to the reconstruction of the existing block in Thermal Power Plant Pljevlja, based on the preliminary design, is estimated at around 45 million EUR.

When asked whether the Electric Power Company of Montenegro was going to give up the construction of the second block, Krivokapić said that this project was not the topmost priority for the company, as the cooperation with the Czech Republic’s Skoda Praha, which was supposed to provide funds for the construction of the Thermal Power Plant Pljevlja’s second unit, had been terminated.

Source: Cafe del Montenegro

22 May 2019, 00:52 AM

20 May 2019 - Minister of Defence of Montenegro Predrag Bošković spoke with the commander for TAAC-North, German Brigadier General Gerhard Ernst-Peter Klaffus at the Marmal base in Afghanistan.

Minister of Defence of Montenegro, Predrag Bošković thanked General Klaffus for supporting Montenegro's troops from the German contingent during the execution of tasks in the Resolute Support mission. He also added that he hopes that the international forces made up of NATO allies and partners are the best guarantor of security in that country and that their presence is still necessary.

Defence Minister of Montenegro at Afghanistan Marmal Base

He also said that Montenegro sent its soldiers to Afghanistan for the first time in 2010 and that we have been continuously present since then, first in ISAF, then in the Resolute Support mission, with the gradual increase in the number of soldiers. emphasising that Montenegro, as a member of NATO, is trying to contribute to the Alliance's policy of designing stability maximally.

Back in December 2018, the Information on the accession of the Montenegrin Ministry of Defense to the framework Memorandum of Understanding between the Ministry of Defense of Germany and combat forces of Sweden, with reference to the “Resolute Support” mission, announced by the Government of Montenegro, said that costs of the Army of Montenegro and its soldiers in this mission will amount to 2.000.000 EUR on annually. The costs will include contribution fees, accommodation, and travel costs, moving of forces, as well as other expenditures arising from the engagement of members of the Army of Montenegro into the mission in Afghanistan.

21 May 2019, 00:20 AM

19 May 2019 - The Prime Minister recently spoke to the Luxury Collection Montenegro Magazine, on which occasion he especially emphasised the importance of the Law on Spatial Planning and Construction of Structures and their sustainable factor.

"Montenegro, just like many societies in transition, including the countries where capitalism is well-developed, underwent the “concreting” stage, marked by construction without any strategic overview of space, and without taking into account the sustainable factor. Now we do things differently. We have made a fundamental change: this Government created Structures, which, for the first time, offers a unified treatment of space as our resource," said Marković.

He continued that the Law was attacked exactly by those people who wished to hold on to their old positions and pursue the concreting approach, without focusing on sustainability. The goal is for the state to carefully manage space by giving priority to sustainable development which creates benefits for the economy and citizens in terms of income and of increased employment opportunities, not giving special treatment to the particular interests of any group or individual.

"In this regard, we offer investors an embodiment of our vision of Montenegro through full compatibility of spatial plans on all levels – from the state level to the lowest levels. We offer a clear and open strategic framework so that anyone can find room for themselves and be sure that tomorrow, or in a year, nothing will happen that will foil their business plans," pointed out Marković.

Asked to tell the Montenegrin readers his vision of Montenegro, Prime Minister Duško Marković reminded that the state exactly knows what they are doing, and that is creating a better environment for our children.

"We Montenegrins love history and literature and this is what I will focus on to give the best answer to your question. There have been two great poets who described Montenegro and Montenegrins – Ivan Mažuranić spoke of Montenegrins as martyr-fighters and knights, and Njegoš talked about Montenegro as rocky karst, drenched in tears and blood," stressed Marković.

He added that Montenegro is no longer dealing with historical myths, but with growth and raising the standard of life of its citizens.

"We are no longer focusing on being described as fighters and knights but as successful people creating a better environment for their children. We do not see Montenegro as rocky and karst, but as a Mediterranean gem. Therefore, we know exactly what we want, we are very dedicated to reaching the goals we set, we have come a long way together, and this is what we were talking about at the beginning of this interview – we went from being an undeveloped Yugoslav republic to the most developed country in the region. And we are still growing. Therefore, the best message for investors is that Montenegro is a success story, and that it is a high quality, reliable and safe harbour for investment, clearly the safest in the region, and even elsewhere. You just need to dock here while there is still room," the Prime Minister concluded.

Source: The Luxury Collection Montenegro

19 May 2019, 00:24 AM

18 May 2019 - On May 18, Prime Minister of Montenegro Duško Marković officially launched and put into operation three large investment projects of the company 13. Jul Plantaže. The opening ceremony was attended by the Minister of Agriculture and Rural Development of Montenegro Milutin Simović, Executive Director of the company Verica Maraš, the company’s board of directors headed by President Veselin Vukotić, management and employees of 13. Jul Plantaže, as well as numerous other state officials.

The launched projects include three strategically important steps for the company: Biomass boiler, Cold Storage with the purpose of reception, storage and manipulation of fresh fruit, as well as New vineyard plantations on a total area of ​​55 hectares (ha). The total value of investments in modern plants and plantations representing the highest world standards is 4.100.000 EUR.

Company 13 Jul Plantaže Invests 15 Million EUR in New Plantations 2

By implementing these projects, the company 13. Jul Plantaže will significantly strengthen its capacities in primary production and optimize work processes in primary processing. These steps will affect the security, stability and strengthening of the leadership position as the basis for increasing the flexibility of the business and the response to the increasingly dynamic requirements of the domestic and foreign markets.

To ensure future efficient operations, around 19 million EUR has been invested in the processing facilities and equipment of company 13. Jul Plantaže for the last ten years. As a socially responsible company, to achieve sustainable development, in recent years, Plantaže has been firmly implementing systematic measures in the field of environmental protection, improving energy efficiency and using renewable energy sources. In this regard, within the Plantaže production facilities, Biomass boiler was installed. This boiler uses vineyard prunes created by winter vineyards cuttings as its raw material. In this way, Plantaže eliminated the use of fossil fuels and reduced the emissions of harmful CO2 by 740 tons annually. This investment can be considered and classified into ecological projects that have a Zero Waste Rate because all of the ash, which is produced by combustion of biofuels, is used for fertilizing vineyards and new plants. The power of the new Biomass Boiler is 2 MW, which is sufficient to supply all consumers of heat energy necessary for the smooth operation of processing capacities.

Company 13 Jul Plantaže Invests 15 Million EUR in New Plantations

This is just one of a number of projects in the field of energy efficiency and sustainable development that will be implemented in the future, respecting the environmental protection postulates, and its total value is 600.000 EUR without VAT. In the last 10 years, Plantaže has invested about 13 million EUR in raising its plantations of vineyards and orchards by 700 ha. The new vineyard plantations, which the Prime Minister visited today, are located at Šipčanik area. The plantations cover a total area of ​​55 ha and have not been utilized until now.

Dušan Kankaraš, one of the directors at Plantaže, informed the representatives of the Government of Montenegro about the investment project, pointing out that this is the most modern vineyard plant with complete support infrastructure, which in this case implied the construction of a new exploration and exploitation well with a capacity of 90 litres of water per second, as well as the installation of a drip irrigation system on the entire surface. The total value of the project is 1.500.000 EUR.

Dedicated development planning, permanent investments, setting up and achieving ambitious goals will be the way Plantations will continue in the upcoming period. The business policy of the company 13.jul Plantaže is focused on long-term stable growth and development, achieving good business results and further strengthening of the leading position their products have on the Montenegrin market and the markets of the region.

Data acquired from 13. Jul Plantaže Official Website.

18 May 2019, 01:38 AM

17 May 2019 - The Public Administration Reform Council recently held its eleventh session, chaired by Deputy Prime Minister for Political System, Internal and Foreign Policy Zoran Pažin. 

At this session, the Council discussed the key documents for monitoring the reform process in the field of public administration – Report on the implementation of the Action Plan for the implementation of the 2016-2020 Public Administration Reform Strategy in 2018 and the Report on the implementation of the 2016-2020 Public Finance Management Programme in 2018.

The Council noted that progress has been made in the key public administration reform process. It is estimated that the dynamics of implementation of the planned activities should be intensified in the forthcoming period, with emphasis on the most important activities of the process – continuation of the process of optimization of the number of employees in public administration, establishment of the quality management system of public services provided by the administration, and improvement of the public administration capacity in the field of human resources management.

When it comes to the Public Finance Management Programme, the Council estimated that positive progress has been made. In that sense, it was stated that 47% of the planned activities were implemented and that the implementation of certain activities was dominantly conditioned by the implementation of projects co-financed by EU funds.

The Council paid special attention to the unrealized and partially realized activities from both reports, as well as the reasons for such status of implementation and, in this regard, discussed the measures that need to be taken to implement them successfully.

The session discussed the Information on the work of the Inter-Agency Operational Team for Coordination in the implementation of activities from the Action Plan for Implementation of the Public Administration Reform Strategy for 2018. It was noted that the activities of this Team contributed to achieving the results.

The Council was informed about the activities on the upcoming process of developing the evaluation of the Public Administration Reform Strategy.

17 May 2019, 01:29 AM

15 May 2019 - Minister of Science and Chairperson of the SEEIIST Steering Committee Sanja Damjanović met with Prime Minister of the Republic of North Macedonia Zoran Zaev. Minister Damjanović invited the Prime Minister of North Macedonia to support the SEEIIST project by signing a Memorandum of Cooperation, drafted by its Steering Committee members. This memorandum is harmonized with the representatives of the foreign ministries of the region at the beginning of March this year in Podgorica. 

Prime Minister Zaev confirmed the full support of the Republic of North Macedonia to the SEEIIST project and the readiness to sign the Memorandum. 

A major international infrastructure project for sustainable technologies, SEEIIST, is entering the next phase thanks to the first financial support from the European Commission, as well as the open support of renowned CERN institutions in Geneva and GSI in Darmstadt. With strong expert support from prestigious institutions, the SEEIIST project cannot be unsuccessful. In order for this project to be implemented in the SEE region, a strong political commitment is needed throughout the region. 

The Minister presented the SEEIIST project at the Academy of Sciences and Arts of North Macedonia (MANU) within the CERN Days in North Macedonia. The Minister pointed out the importance of this project to improve cooperation in research, innovation and technological development in the Region, as well as the treatment of cancer patients with the most modern method. She particularly highlighted the role of CERN as one of the hosts of the SEEIIST Design Study Phase. The speakers at the seminar were representatives of CERN: Prof. Dr. Christoph Schäfer, Prof. Dr. Ludwik Dobrzynski and Prof. Dr. Daniel Denegri. 

Minister of Science Damjanović is paying a visit to North Macedonia at the invitation of SEEIIST Steering Committee members, Prof. Dr. Petar Atanasov, Assistant Minister of Education and Science of the Republic of North Macedonia and Prof. Dr. Mimoza Ristova from the Faculty of Natural Sciences and Mathematics, University "Ss. Cyril and Methodius".

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