31 March 2019 - Montenegrin Public Company for Coastal Zone Management has recently requested access to documentation in regards to the conditions for the reconstruction of several areas located at the coast in Herceg Novi: from Sutorina, via Topla, to parts of the swimming area near the Hospital in Meljine, near Cape Sveta Neđelja and Jošice in Bijela.
As reported by TVCG, the estimated value of these investments is close to three million euros. Precise investments and their full amount will be publicly announced after the creation of all documentation for each site individually.
At this stage, the estimates are based on urban planning conditions and investment proposals for development projects, according to the representatives of the Coastal Zone Management Company.
According to assessments of the Coastal Zone Management Company, the reconstruction of the beach Njivice will require 80.000 EUR, the reconstruction of the beach area near the restaurant Mimoza (next to the beach Rafaelo) will cost about 900.000 EUR, the reconstruction works at beach Roki sport will require 220.000 EUR, Ćorović beach renovations will cost 650.000 EUR, beach at Savina 150.000 EUR, the reconstruction of the beach in front of hotel Delfin in Bijela needs 450.000 EUR, while the renovation process at the beach Igrač više in Bijela will cost about 120.000 EUR. Investment funds in regards to the reconstruction of several smaller beaches on the Riviera were estimated at 390 thousand EUR.
As reported by TVCG, Public Company for Coastal Zone Management will conduct administrative procedures for obtaining approval from the Government for tendering, and the enterprise will produce individual investment programs for each beach and perform monitoring and cooperation with investors, in the stage of obtaining a construction permit and at the stage of realization.
"The aim of these activities of the Public Enterprise for Coastal Zone Management is to provide full legality in the process of realization of development projects as well as to provide expert assistance to the investors-beneficiaries of the coastal area. In terms of the number of funds invested, the investors have a long-term period for the use of newly built beaches, ranging from 15 to 30 years ", they point out from this Public Company.
The price of the location for investment projects will be determined on the tender, and based on "historical prices achieved in the previous period", the representatives of the Coastal Zone Management Enterprise explained.
30 March 2019 - Council for the Privatization and Capital Projects adopted today the Report of the Tender Commission for the privatization regarding the results of the public tender for the sale of 56,4806 percent of the share capital of the Institute for Physical Medicine, rehabilitation and rheumatology Dr Simo Milošević. It also authorized tender commission to start negotiations on the conclusion of the contract of sale with the bidder – consortium made of Czech company Phillbert a.s. and LLC Montenegrin Vile Oliva (owned by the businessman Žarko Rakčević).
As the Government conveyed, the offered price for the shares amounts to 10 million EUR.
The public call for the sale of Dr Simo Milošević Institute was announced on 16 October 2018. The deadline for the bids was 14 January 2019, by noon. Three subjects have repurchased the tender documentation. However, only the Czech consortium has submitted a tender. The Tender was opened at the meeting of the Tender Commission held on 18 January. At the meeting held on 24 January, it was stated that tender was formally correct i.e. that it met the requirements defined by the Regulation on the Sale of Shares and Property via public tender.
The Council, presided by the Prime Minister, Duško Marković, considered the Information on the need of the conclusion of the Annex to the contract on the long-term lease of the mountain center “Kolašin 1600”. Also, the Council considered the adoption of the Decision on the amendment to the Decision on the long-term lease of the land for the construction of the base settlement of the mountain center “Kolašin 1600”.
Due to different data about the geodetic coordinates of the location and the reduction of the surface area of the lease, it was proposed to the Government to adopt the Information, determine the Proposal Decision and accept the Proposal annex to the contract and to authorize the Minister Pavle Radulović to sign the Annex.
The Council took into consideration the Information on the fulfillment of the requirements for the return of the third banking guarantee to the „Global Ports Holding“ company. The Council also considered the Report on the control of the executed works and the level of investments, by the investment program of “Portonovi – Kumbor” project.
By the Commission proposal, the Council expressed its opinion by requests of Uniprom and Jadran Perast companies for turning exploitation rights into property rights.
The Council also acquainted with the Information of the Ministry of Finance regarding the realization of tasks that refer to Vektra Boka company.
Source: Cafe del Montenegro
28 March 2019 - Prime Minister Duško Marković met with the delegation of the German Committee on Eastern European Economic Relations. The Prime Minister noted that Montenegro is a stable and safe state, adding that for more than two decades it is part of a solution, not a problem in the region, and as such, it is oriented towards rapid economic growth and development.
"Montenegro is the fastest growing economy in the region, and the economic growth rate of 4.9 percent achieved last year is one of the largest in Europe," the Prime Minister emphasised.
Furthermore, he pointed to some other indicators of a successful economic policy - growth in industrial production and the food industry, an increase in exports by over 18 percent, a decline in the unemployment rate of six percent, and an increase in the number of employees by over 12,000. A surplus of the current budget amounting to 150 million EUR was achieved last year.
"The key sectors of our economy are tourism, energy, agriculture, and we are actively working on industry's revitalization," PM Marković said.
As an important prerequisite for further growth, Prime Minister Marković highlighted the development of the overall infrastructure. In this context, he pointed to a fund that will be created for this purpose through an economic citizenship programme.
He expects significant incentives for faster development through the construction of the motorway, energy infrastructure, as well as valorization of airports and the Port of Bar, for which German businesspeople expressed interest.
"Our efforts to accelerate development, open new jobs and raise the standard of living are slowed down by some of the constraints we face. This primarily refers to our efforts in improving the rule of law, which includes the efficiency and reliability of the judiciary, the further fight against corruption and organized crime, the public administration reform," PM Marković said.
Despite significant progress made in these areas, there are still challenges for which Montenegro has solutions, but the country also needs money and time to strengthen law enforcement institutions further and make Montenegrin public administration efficient and inexpensive.
German businesspeople welcomed this approach, and especially praised Montenegro's role as a factor of stability in the region and highlighted the importance of the country's membership in NATO. Responding to the expressed interest in the dynamics of negotiations with the EU, Prime Minister Marković said that Montenegro was not focused on deadlines but on strengthening its internal potential so that it could fully assume the obligations of a fully-fledged EU member state.
Business people from Germany expressed interest to invest in energy, infrastructure, security and defence, as well as environmental protection.
Pointing to specific favourable tax rates that make the business environment incentive, Prime Minister Marković invited German investors to come more often and invest more in Montenegro.
28 March 2019 - The Public Enterprise for Coastal Zone Management of Montenegro and local government of municipality of Budva are planning to assess the situation related to the remaining space within the promenade from Budva to Bečići and to execute a quality permanent plan for this location, said the director of the Enterprise, Predrag Jelušić, in a statement for RTV Budva. He expects this project to cost 10 million EUR.
The Coastal Zone Management Enterprise plans to allocate significant funds for the launch of an international competition for the selection of the best architectural and visual solution of the Lungo Mare promenade, from Sole Mio in Budva to Plavi kamen in Rafailovići.
"It will be a very challenging job for both companies and the local government. I believe that we will all be equally committed to reaching a quality solution because Lungo Mare should have a completely different form and a different tourist offer," Jelušić said during the interview.
He believes that after the reconstruction of the promenade in Tivat and Pet Danica in Herceg Novi, and the boardwalks in Čanj and Sutomore, it is now Budva’s turn to shine with a brand new promenade.
"I believe that Budva is ready to have this area planned in a quality way, for it to become a permanent space that will attract people for at least nine months of the year. We hope that we can breathe new life into the promenade and get it new, suitable facilities that will increase the quality of the tourist offer of Budva. The promenade should be a focal point that will make the city shine," Jelušić explained.
The president named the promenade in Tivat as an excellent example of how Montenegrin coast should be – spacious, with no temporary facilities and with a beautiful view. He added that this project will be financially demanding, but also beneficial for numerous hotel chains within the Coastal Zone, such as the Hotel Group Budvanska rivijera and other resorts that have interest in reconstructing the promenade according to the most up-to-date standards.
"I am expecting full commitment from local tourism organizations, because this topic of destination management is crucial for our city. The guest who comes to Budva wants every segment of the city to be functional, from parking to horticulture," Jelušić added.
He concluded that the capital of tourism, Budva, has the potential to complete all these projects that are crucial not only for the development of the city but for the growth of tourism in Montenegro as a country.
Montenegrin Telekom, the first-ranked company in the field of "Telecommunications" in the last year's selection of the "100 largest in Montenegro", is the exclusive partner of the project which will take place this year.
The project "100 largest in Montenegro" is being implemented in cooperation with the Ministry of Finance, the Ministry of Economy, with the support of the Chamber of Commerce and with the sponsorship of Societe Generale Bank Montenegro. Based on clear and publicly available criteria, the ranking of the most successful Montenegrin companies is published in the publication "Business newspapers-100 largest in Montenegro" in May.
In the ranking carried out by BI Consulting for the project, the Montenegrin Telekom took the first place in the field of "Telecommunications". In addition to this prestigious result, this company has taken the eighth-place according to the revenues, eighth place in profit, while in the number of employees it in the sixteenth place. As a technological leader, the Montenegrin Telekom helps the growth and development of the Montenegrin economy, and the decision to support the project as an exclusive partner this year was not surprising," the organizers said.
Telekom said that they recognized the values the project promotes, and through their affirmation, they stimulate the development of the Montenegrin business environment and economy. "We are glad that this year we are the exclusive partners of the project" 100 Largest in Montenegro" because the emphasis of the project is on the affirmation of quality and successful and transparent business. Montenegrin Telekom, as part of the Deutsche Telekom Group, provides the most advanced quality services to the private and public sector in Montenegro, as well as smart solutions and expertise in their implementation. As a technological leader and reliable partner, we help both the public and business sector in Montenegro to take advantage of all the opportunities that digitalization brings and thus improve their business and operations with citizens. Such projects additionally contribute to connecting Montenegrin companies and sharing experiences, making them the most successful in the country," said Predrag Perković, director of the Business Sector in the Montenegrin Telekom.
The organizers remind that after submitting the business books for 2018, the Montenegrin companies that meet the criteria will be ranked according to the revenues, and also the number of employees, including micro, small, medium and large companies. In addition to these ranking, the project will rank and reward the income of the largest companies depending on the activity, a total of 12 activities, and a special prize will be awarded for the company that has in the last three years recorded a constant increase in the number of employees, total income and net profit. All project information is available on the official website of the project: 100najvecih
Text by Promo, on March 26th 2019, read more at Vijesti
March 28, 2019 - The Airports of Montenegro Company (ACG) last year doubled its earnings and realized a new record in the physical volume of air traffic in Tivat and Podgorica.
March 28, 2019 - The new Harbor Act is introducing a lot of changes to meet the demands of the growing nautical tourism industry. The Director General of the Maritime Traffic Department at the Ministry of Traffic and Maritime Affairs, Vladan Radonjić, speaking on the development of nautical tourism in Montenegro, said that it significantly overruled the provisions of the applicable Harbor Act and its latest amendments from June 2013.
For the needs of complete service of foreign and domestic yachts, shipyard ports are being developed, among which Bonići Tivat and Bijela shipyards have already been proclaimed, Radonjić told CdM.
He explained that the Harbor Act introduces a new term "the city port," which recognizes the communal berths in Bar, Budva, Tivat, and Herceg Novi.
"All ports will, after the entry into force of the new law, have to cooperate with management bodies to make a plan and to pinpoint which part of the port will be the operational coastline, and what part of the port is intended for communal berths and commercial berths. At the assembly committees, there were questions as to how many berths there would be, which is very difficult to say because floating objects tied to these joints are of different dimensions and shapes. The best answer is that the Plan that will provide a part of the port for communal berths, and then the operator will determine how many berths it can have in that area. The Ministry of Transport and Maritime Affairs is essential to clearly define the area of the Operational Coast, which is embarked on the boarding and disembarking of passengers, and that the Operational Coast is free and accessible to all maritime passenger transport facilities, especially during the summer season. I believe that these changes and improvements are done very well and will improve nautical tourism in Montenegro," said Radonjić.
He adds that through this Code, Nautical Maritime Ports have so far been recognized only as ports that receive yachts and boats. However, this possibility is now extended to other navigable facilities, so if a port of nautical tourism is interested in expanding its activities to passenger ships, the Law allows this with the additional approval of the Managing Authority or the Public Company in ports of local importance.
"Indeed, there is already interest in the nautical port-marina Porto Montenegro, so that they also deal with passenger traffic from passenger ships, and that the entry into force of this Law remains to address the Sea Property to Expand Activities. I am convinced that in this way it will be significant that in Boka Bay we do not have only one port for passenger ships, but that the pressure from Kotor will be allocated to another port in the bay," said Radonjić
He said that the request of the operator to allow the port of Zelenika to enable passenger traffic was not approved because it doesn't meet all the standards. The Port of Zelenika is recognized as a trade port in the Coastal Development Plan for Montenegro, Radonjić pointed out.
26 March 2019 - Olive oil created by Montenegrin company "13. Jul Plantaže" received an award for quality at the International Manifestation of Olive Growers and Olive Oil Producers held in Neum, Bosnia and Herzegovina from March 21 to 24.
The representatives of Plantaže were proud to announce that by competing at the 21st International Manifestation of Olive Growers and Olive Oil Producers Nočnjak 2019, organised by the Association of Cooperatives Dalmatia, the company won a bronze medal for the quality of their Extra Virgin Olive Oil.
After evaluating the quality of a large number of samples of olive oil from the Mediterranean area, of which 136 samples were in the same category as Plantaže - the category of golden oils, the expert judges awarded the Montenegrin company’s olive oil with the bronze recognition.
The representatives of the company are satisfied and proud of the achieved result, bearing in mind that this is the first competition and the award for Plantaže when it comes to this particular product.
“This recognition has a special emotional value for us, bearing in mind that when we first started the realisation of our vision regarding olive oil, we have been challenged among the olive growers of the region. There was an opinion that the ground of the Ćemovsko field was not compatible with olive seeds and that in this production we could not achieve good results. As many times so far, Ćemovsko field has proven to be an excellent host, who, thanks to the richness of its soil, provides excellent conditions for the cultivation of these subtropical cultures," said the representatives of the company.
The company “13. Jul Plantaže” has about 13.000 olive trees in its plantations, of which most are of the leccino variety, as well as of the Istrian white olive, arbequina and maurina. With the special care and nurturing, as well as handpicked fruit, the most refined processing on cold pressing presses resulted in a harmonious, piquant noble taste, which experts evaluate with the highest grades.
According to official data, the consumption of olive oil in Montenegro is relatively low and amounts to 0,5 litres per person. The data show that Montenegrin neighbours, the Croats, use an average of two litres of olive oil annually, unlike the Greeks, which in average use about 20 litres a year per capita, or the Spaniards and Italians using 11 litres.
“Our intentions and wishes are that Montenegro, the homeland of the oldest olive tree in the world, gets highly positioned in the world based on olive growing, rounding off its authentic wine - gastronomic story," said the PR service of Plantaže.
March 26, 2019 - President of the Management Board of the Port of Kotor DOO, Branko Ivanovic, signed the Contract on the Priority Concession on the Water and Operational Coast of the Port in Kotor with the Minister of Maritime Affairs and Traffic in the Government of Montenegro, Osman Nurkovic. The contract was signed for 12 years.
24 March 2019 - Montenegro has done a lot to improve its business environment, but there are still some grave challenges that the country should focus on. Preventing other countries from taking over high-quality investors is of great importance, said the representatives of Adriatic Marinas.
Foreign Investors Council in Montenegro issued during the last week the White Book where they assessed the business environment in Montenegro with 6.49. They stated that the economy in Montenegro was stable last year, but some concrete results in the implementation of reforms fell behind.
They stressed othat the grey economy is still a problem, as well as that the rule of law must improve and that a platform for the prevention of frauds and evasion of any kind must be provided.
Representatives of Adriatic Marinas said that environment for foreign investors in Montenegro is changing rapidly.
“We have made some important moves, especially in the sphere of navigation and super-yachting industry. However, not everything has been solved yet,” said the representatives of this company which is the owner of Porto Montenegro.
The real challenge for business in Montenegro is the market since other yachting destinations across the world are very competitive and they, naturally, want to take over the clients from Montenegro.
“Our top priority is that we have our nautical industry that is active during the whole year and to do our best so that the benefits can be felt in the entire country. We must continuously promote all our business possibilities and Montenegro, as a destination. Also, we must keep eliminating business barriers and maintaining tax rates at a low level so that we can attract foreign investors and make Montenegro stable business destination,” said the representatives of Adriatic Marinas.
Representatives of Montenegrin Telekom think that the business environment in Montenegro is much better and that some serious reforms have already been implemented, but they also noted that there is still space for even more progress.
Director of the Sector for Corporate and Legal Affairs in Montenegrin Telekom, Pavle Đurović, said that the regulatory framework referring to the domain of telecommunication is harmonized the European in no small extent.
One of the most significant challenges that all operators are generally faced with is the increase of the so-called OTT providers – Google, Skype, WhatsApp, and Viber.
“Providers of such services offer practically the same voice services as traditional operators, but without investing in networks because they use networks and services of the electronic communication operators. Also, they do not employ a workforce; they do not pay any taxes. This is a problem for all European telecommunication operators, and we are glad that Montenegrin authorities are ready to tackle this issue by the European practice and European regulatory framework,” concluded Đurović.
March 25, 2019 - In a world where all the advanced countries leave the use of fossil fuels, we open new sites, find a justification for exhausting non-renewable resources and activating the global greatest threat to marine biodiversity, writes the activist of the Montenegrin NGO Green Home, Natasa Kovacevic for respublika.edu.mk.