Business

06 Nov 2018, 14:13 PM

November 6, 2018 - The daily life of Feho Kalač from Rozaje, a mushroom and blueberry merchandiser, was interrupted by an unusual discovery in May when he accidentally found a source of salt water on its own estate.

Kalač discovered this natural phenomenon while digging the channels for ordinary water which he uses to maintain the machines needed in his business.

"I discovered everything when I rinsed the pit and I saw that the water was gray. Day to day, I noticed that it did not change color, so I washed the pit with the compressor. Then I vaporized a small amount of water in the jaw and I saw crystals, which was a clear indication that it was salt," says Kalac for CdM.

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Kalač (Photo: RTV Rožaje)

According to him, the salinity of the water accidentally discovered in Rožaje is similar to seawater in Boka Bay.

Mineral waters in the area of Rožaje, Bijelo Polje and Andrijevica are not unknown. However, what all the locals are wondering is whether it is the captured seawater from the ancient geological past, which was explored by experts in the 1970s.

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Property of Kalač (Photo: RTV Rožaje)

By detailed chemical analyzes in Rožaje in those years, it was determined that from the deeper parts of the terrain emerged salty waters with a large residue of vapor and high sodium and chloride content. According to their chemical structure, these waters are similar to oil, which Kalač read in the Rožaje Journal in regard to the mineral waters of Rožaje

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Photo: RTV Rožaje

The assumption is that at a depth of one thousand meters below is a part of the seized sea and that under certain pressures the water is coming out," Kalac says. 

What the entrepreneur from Rozaje will use the salt water for has not yet been decided. He says he has to get some more tests to find out that water does not have a bacteriological composition. 

"If it does not exist, then I will use it for normal everyday processes, but I will think about it when the time comes. Sour water was also discovered in the village of Bašča, which is perhaps less than one kilometer away from me. Nevertheless, everyone is wondering about the salt water, right here in Rozaje," says Kalac.

Text by S.Bošković, on November 4th 2018, read more at CdM

05 Nov 2018, 14:07 PM

November 5, 2018 - The oil company Jugopetrol, owned by the Greek Helenik Petroleum, for the first nine months of this year, has a profit of EUR 6.76 million, which is about four percent higher than the comparable period last year. Business revenues were increased, observing two comparable periods from 104.6 million to 126.8 million euros, and operating expenses from 97.7 million to 119.6 million euros. 

HTP Ulcinj Riviera, whose main asset since the end of last year is held by the leaseholder of Karisma consortium, earned a profit of only 84.294 euros in the first nine months, which is 80 percent higher than the comparable period last year when the profit was 427.5 thousand euros. Business Revenues compared to the comparative period last year declined significantly from 3.09 million to 1.39 million euros, while operating expenses decreased from 2.57 million to 1.24 million euros. The state-owned company, 13th July Plantaze achieved a profit of approximately 336 thousand euros, thanks to the growth of other non-core revenues, which was about five percent higher than the comparative period last year. Profit was, therefore, realized and shown, though operating income in comparison to the first nine months of 2017, which decreased from 22.32 million to 22.04 million and operating expenses slightly increased from 20.95 million to 21.08 million euros. 

The Lottery of Montenegro operates with a loss of 253,329 euros

The Lottery of Montenegro, officially controlled by businessman Sava Grbović, lost EUR 253.3 thousand according to the report, and this loss is almost halved compared to the same period last year when it lost some EUR 504 thousand.

Operating revenues for nine months amounted to approximately EUR 1.04 million, approximately the same as in the comparable period of 2017, while operating expenses decreased from 1.47 million to EUR 1.26 million. The accumulated loss of the company is two million euros.

Text by Milorad Milosevic, on November 3rd, 2018, read more at Vijesti

05 Nov 2018, 02:26 AM

04 November 2018 - Montenegrin higher education institutions and faculties must step away from personalized management and strive for institutionalized decision-making. They also need to balance between central and decentralized management. These are the conclusions given in the evaluation report on nine Montenegrin higher education institutions, developed by a team of independent international experts, who were engaged by the European University Association (EUA) within the Programme for the Institutional Evaluation.

“The new analysis was conducted in order to see whether the recommendations given in the last evaluation were successfully implemented. Compared to 2014, there are visible and positive changes in the legislative and financial context. The current situations look promising but unstable as well. Having in mind the fact that the reform is ongoing, Montenegro might be able to achieve significant progress in the area of higher education through the adoption of innovative and proven approaches already used by the rest of the European Higher Education Area. However, the reform process is incomplete and sometimes not radical enough,” suggests the Report signed by Thomas Ekman Jorgensen of the European University Association.

The existing decentralized and often personalized managing structures, the Report says, represent a serious limitation to the institution’s capability for making and implementing strategic decisions in all activities, which was also mentioned 4 years ago.

“Smaller institutions and faculties partially or fully rely on the part-time staff who work in other Montenegrin higher education institutions or abroad,” the Report says.

It is also noted that classes in English still represent a problem for the incoming mobility even though there is a possibility of having accredited English programmes. Also, it might be good if Montenegro would totally accede to the Erasmus program, so students could have their civic and social activities recognized as “practical education”, the Report recommends.

 

Source: Cafe del Montenegro

04 Nov 2018, 14:08 PM

Green House, a non-governmental organization, urged the government to suspend preparatory operations for the arrival of a 3D seismic survey vessel and introduce a moratorium on oil and gas exploration, classifying it as a high-risk project that brings serious devastation effects to the living world of the sea, seismic risks, health risks and the life of citizens, as well as serious degradation for tourism, as the most important Montenegrin economic activity.

In that NGO, the affected local communities still do not have information about what the consequences they are expected to have regarding the risks of sea pollution and induced earthquakes.


Planned research signs a death sentence to fisheries

"Poorly organized public hearings so far have been attended by only a few citizens, while there is no information in the public media giving explanations on the consequences by the Hydrocarbon Agency and the Ministry of Sustainable Development and Tourism. Planned research in Bar and Ulcinj, announced in early November 2018, also includes a death sentence for fisheries whose proportions can only be guessed through the fees in several hundred thousand euros offered to fish societies at extremely non-transparent meetings," the Green Home reported.

They explain that during the seismic exploration at sea, the ship slowly moves and pulls a sound pulse transmitter (a series of air guns) behind it.

"3D ships have multiple emitters (usually 4 to 20), three to six kilometers in length, which they are pulling at a distance of 120 meters between each other, which speaks of a vast zone influenced by the aquatic world and marine ecosystems. These sound explosions caused by sound cannons are up to 240 decibels, causing severe damage to marine organisms and leading to drastic migrations or fish kill. Only one sound wave reaches a width of 60 km, so that plankton, marine mammals, fish and other species within this belt, closest to the source, will die from damage to vision and orientation sensors, their organs will crack and the like, while the younger species will be permanently destroyed," the NGO warned.

Fishermen and citizens are blindfolded

As they add, instead of the consequences from oil exploration and construction of oil plants be scientifically examined, and especially their impact on the sustainability and development of the supporting economic structure of society, and in relation to current development strategies and international obligations, fishermen and citizens are blindfolded by examples from Greece's Kavala, no mention is made of the example of Delta Niger, the Gulf of Mexico and other areas that have been forever devastated by the oil and gas pipelines, whose quality of life is below every level. 

"No examples of the consequences of oil accidents on exploration and exploitation of hydrocarbons, especially in earthquake susceptible areas, could not be heard during public hearings. The awareness of citizens is continuously being brain-washed through some kind of random example of oil exploitation from Greece, and the fact that the length of the Greek coast of more than 13.600 kilometers of open sea is missing, comparing them to our 297 kilometers, in which all our fish farms are concentrated, natural assets, mariculture, archaeological underwater sites, waterways," the Green Home reports.

Citizens, as emphasized in this organization, do not have any guarantees that there will be no oil spills and the destruction of marine biodiversity and the coast. "Montenegro has no equipment and personnel and is not in a position to monitor oil tankers, oil pipelines, converter plants, platforms, raw oil treatment plants, and others. How will it control the operation of international oil corporations such as the ENI that has more than 400 oil spills annually in the coastal area that is highly susceptible to earthquakes?" asked Green Home. 

The Constitution of the ecological state of Montenegro is being violated

The government, according to the signing of ecocidal contracts with oil magnates and future research, violates the Constitution of the ecological state of Montenegro, which guarantees that everyone has the right to a healthy environment and timely and complete notification of the state of the environment, the possibility for influencing the decision making on issues of importance for the environment and the legal protection of these rights. "Everybody, and especially the state, is obliged to preserve and improve the environment. The government's future research violates numerous international treaties, including the Paris Agreement, through which we have committed to gradually abandon the use of fossil fuels," concluded Green Home.

Text by CdM, on November 2nd 2018, read more at CdM

03 Nov 2018, 05:33 AM

02 November 2018 - On November 2, the Montenegro Business Alliance hosted an Info day in regards to the launch of the project: "Domestic products as an incentive for the development of tourism economy at the local level", which the MBA is implementing with the support of the Ministry of Agriculture and Rural Development.

The realisation of the project includes the organisation of eight roundtables in 10 municipalities in northern Montenegro (Pljevlja, Bijelo Polje, Rožaje, Plav, Gusinje, Berane, Andrijevica, Mojkovac, Kolašin, Žabljak). The aim of the roundtables is to encourage local economic development through the increase of presence of domestic products in the Montenegrin tourist offer. By organising roundtables, the Montenegro Business Alliance also wants to ensure the increase of domestic products’ share in the supply of local trade chains. After the roundtables, a Fair of Agricultural Products will be held in Bijelo Polje.

MBA has directed its activities to municipalities located in Northern Montenegro since this area is becoming more and more interesting to tourists who like to taste domestic products. Local tourism organisations support the aforementioned project and are currently communicating with locals and helping them with the participation in the roundtables and promotion of their products in city bazaars.

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MBA and Montenegrin Ministry of Agriculture and Rural Development have recognised that secure placement of agricultural products is a great incentive for agricultural producers to increase the volume of production in order to meet the needs of the market. The multiplication of agricultural producers at the local level is very important for strengthening cooperation with tourism businessmen and trade chains in order to develop the overall economy at the local level.

In addition to the organizers, the Info Day was attended by representatives of the Ministry of Agriculture and Rural Development, representatives of municipalities and tourist organizations from the north of the country who were thoroughly informed about the way this project was implemented.

Read more about Montenegro Business Alliance here.

02 Nov 2018, 14:54 PM

November 2, 2018 - The disastrously bad condition of rural infrastructure is one of the key barriers to market development in agriculture and the rural economy in Montenegro, which for seven decades has no consistent and fruitful agrarian policy, adequate to the natural, market and socio-economic needs of the country.

This is stated in the book "Agriculture and Villages of Montenegro in the Transition Period 1990 - 2016", by Cedomir Marovic, former Director of the Agroeconomic Institute, Deputy Minister of Agriculture and Forestry and Director of Agrobank in Podgorica.

The book came out in an issue of "Vijesti" and represents the image of agriculture and rural space in Montenegro from 1918 to 1941, then the period of self-management and socialist development of the economic branch from 1945 to 1990, and finally, times of major system changes or popularly called transition times.

"In spite of the fact that the legacy of Montenegro, when it comes to the rural economy, was not the brightest one before the nineties, there were realistic expectations that some of the previous negative processes would be halted (rural exodus and devastation of the rural economy) and to embark on a process through which economically developed countries have turned this industry into one of the pillars of their economy. On the other hand, we should finally accept the expected changes that the rural environment is the natural habitat of man. Unfortunately, that did not happen, and villages continued to perish, currently existing with 75 to 80 percent of life and the economy, which is one of the most difficult contemporary and developmental problems," Marovic said.

In support of this allegation, he states that the percentage of agricultural land usage in 1989 was 36 percent, and in 2016 it fell to five percent, according to Monstat. The number of farms in 1991 amounted to 60,043, while in 2016 this number was 43,791 farms or 27 percent less.

Marovic states that the lack of concept for functioning the market for agri-food products as a multi-decennial problem in this sector has led to the fact that farmers are left to regulate the market according to the laws of competitiveness and their economic interests, which is the most straightforward to undermine the concept of every successful agricultural production and producer standards.

"The low level of productivity in livestock production, as a result of a high technological decline, is shown by the most striking fact that the average milk production per cow in Montenegro in 2016 was 2,803 liters per year, while the same product in Western European countries ranged 6,500 liters. In Canada, the annual milk production per cow is 9,000 liters of milk, while the same production per cow in Israel is 11,140 liters. Finally, farm production in cattle breeding as the most important agricultural branch is not competitive on the local market, let alone on the international market, which is why the effort and the funds invested do not bring farms and state the results that would be realistic to expect."

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Čedomir Marović PHOTO:

He points out that the Strategy for the Development of Agriculture and Rural Areas for 2015-2020 is abundant with the wrong and incomplete view of ways to address major problems in the current production and development sector, whose solutions should be positioned as a firm policy and operational principle on quite different grounds and for a longer period of time. 

"The disadvantages have come to the fore in the current monocentric concept of rural economic development as the only choice, where the direction of significant investment funds has lost the power of economic progress, which confirms the extremely weak position of agricultural households in the reproduction system, and on the other side this unfavorable condition is most directly reflected in the weak increase in food production and export. Particularly worth mentioning is the lack of projects of integral development of food production and rural tourism and other activities, on for such predicted attractive locations. 

On the other hand, as Marovic puts it, for almost three decades they have been left out of the reach of the current development policy, science and profession, the largest and most widespread natural resources such as: Bjelopavlići plain, Lješkopolje, Crmnica field, Ulcinj and Vladimirsko field, coastal zone of Skadar Lake with Zeta, Mrčevo field, Tivat field, Sutorina, Grahovo field, Lim valley, Vraneška valley, Gusinje field, Nikšic parish, Krnovo, Lukavica, Kosanica, Durmitor area, Bjelasica, Komovi. Investments in the farm production of milk and meat are in 90% of cases (estimates because there are no official data) directed towards persons who do not have any professional education for successful employment. Because of this situation, it is logical that existing production does not have the expected economic results and because of which such farms are most often decaying. The fact that the number of flocks of cattle in 1989 compared to 2016 is more than halved. 

Marovic states that the meat processing industry is living on imported raw materials, although there are some extraordinary conditions here to compensate for the import with our own production. "The number of vineyards in 1989 was 17,190,720, while in 2016 this number was 10,552,905 grapevines. As a result of prominent and other problems, total production balances compared to 1989 in relation to 2016 are more than halved. It is an assessment because there is no official data and, finally, it should be kept in mind that Montenegro is in the second last or last place of the list of rurally developed countries in Europe."

Text by Dejan Perunicic, on November 1st 2018, read more at Vijesti

02 Nov 2018, 13:21 PM

November 2, 2018 - The company “Plantaze” was officially able to submit a request to the Rospotrebnadzor to suspend the temporary ban of “Plantaze” wines on Russia's territory on Monday, said the Production Manager of “Plantaze” Milan Milutinović.

Rospotrebnadzor is the Russian control and inspection body in the area of trade and consumer rights protection, which, as Milutinovic states, has refused, without any written explanation, to receive the Montenegrin company's request through its archive. Russian courts refuted the appeal in April and May on the decision to temporarily ban the import of “Plantaze” wines to Russia.

"Given that the actions against our main distributor and sub-distributor are initiated on the alleged defect of our products, ending in their favor, their outcomes are going in our favor, and we have been advised by the attorney-in-law team from Moscow to proceed with the proceeding so that, with their mediation, by official letter to the competent authority of Russia's Rospotrebnadzor, requesting to terminate the temporary ban on imports of our products into the territory of the Russian Federation," Milutinović said to “Pobjeda”.

“Plantaze” has invited representatives of Rospotrebnadzor so that their specialists will visit the production facilities of “Plantaze” in Podgorica in order to immediately assure the quality of these products.

"We point out that the competent Rospotrebnadzor has the legal obligation to respond to the request within 30 working days from the day of delivery," Milutinović pointed out.

He reminded that three state-administrative proceedings were initiated in front of the competent state authorities in Moscow on the occasion of the control of the correctness of the wine from “Plantaze”.

"The decision to temporarily ban the import of our products on the territory of the Russian Federation was made on 26th April last year, and the decision was delivered only at the end of January this year, so our attorneys have only been able to appeal after that moment," explained Milutinović.

He reminded that “Plantaze” received a notice at the end of February last year from the state authority responsible for control and inspection activities in the area of trade and consumer protection rights of Rospotrebnadzoror, that their wines, or series of certain types of wine, sampled, on the basis, as stated, anonymously submitted applications have an elevated level higher than the permitted pesticide of metalaxyl and plastic particles of diphthalate and that, as they stated, such wine is detrimental and improper, and that they will have to withdraw it from the Russian market.

Text by Pobjeda, on November 2nd 2018, read more at CdM

02 Nov 2018, 13:15 PM

November 2, 2018 - Montenegro has been and will be a gathering place for valuable, smart and good-natured people looking for answers to the challenges of the modern era not only in the field of agriculture but also in everything else, said Deputy Prime Minister and Minister of Agriculture and Rural Development Milutin Simović.

Speaking at an international conference on agriculture, the Green Room session 2018 in Podgorica, he said that the key expectation that upsets us all here and the others who come up with this topic is how to produce as much food as possible.

"Another important issue and expectation is that the food meets the basic standards of health security and quality. Third, how to preserve natural resources, how to use them in a sustainable way, to preserve biodiversity and genetic resources in this production and development and intensification of production. The next expectation is to respond to the challenges of climate change, we are not about to think and talk about the planet, but what we feel every day, and it seems to me that no sector can relate to this except the agriculture as a kind of production of food in the open," he said.

 

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According to him, it is also important to make village life have more quality and be more meaningful, to provide a contemporary concept of village development, where not only agriculture is involved, but also diversification of activities in the village through agritourism, craftsmanship and other activities.

"How to give answers to global challenges in relation to many diseases and pests that do not know the boundaries. The next is how to develop a modern 20th century agriculture, while preserving tradition and heritage. I think there is a special chance and the advantage of small agriculture such as Montenegro's. And the ultimate expectation from this conference is to make the best possible combination of science and professions to make valuable manufacturers, processors and entrepreneurs increase their competitiveness, productivity, adopt new standards and improve market position," said Simovic.

Text by CdM, on November 1st 2018, read more at CdM

02 Nov 2018, 13:05 PM

November 2, 2018 - The promotion of the tourism industry, establishing airlines to Tivat and an Info Center about Montenegro, education and participation in fairs and the cooperation of the chambers of commerce, are the most important topics from the meeting held between the representatives of the Municipality of Tivat headed by President Dr. Siniša Kusovac and the delegation of the Czech Chamber of Commerce, led by Ambassador Karel Urban and President of the Chamber Jiri Nestaval.

Director of Czech Airports Pardubice Hana Šmejkalova proposed establishing charter flights with “Smart Wings” and “Montenegro Airlines” during the summer and emphasized the readiness for very close cooperation and enhanced joint marketing.

"The Czechs want to continue cooperation with Montenegro, especially in the field of tourism, but also in other spheres, and this meeting represents an initial step in that direction," said Ambassador Urban.

"Tourism and investments are the most important determinants of the development of the Tivat Municipality and Montenegro in general, and the large investments realized in the territory of Tivat have contributed to the fact that this municipality is present on the tourist map as an attractive nautical and tourist destination. In this positioning, setting up a good airline connection plays a big and important role," said Mayor Siniša Kusovac, as reported by his cabinet.

The meeting was also attended by representatives of Tivat Airport, the Faculty of Mediterranean Business Studies, as well as the largest investment projects in Montenegro - Porto Montenegro and Lustica Development. The President of the Czech Chamber of Commerce, Jiri Nestaval, conveyed the interest of Czech investors for arrangements in Montenegro and proposed the establishment of an Info Center about Montenegro within the Czech Chamber of commerce for the promotion of tourism potential, history, and culture.

The student exchange between the two countries in the area of education and training in tourism, the hotel industry and gastronomy, as well as cooperation through IPA projects, were proposed at the meeting. A memorandum on cooperation between Tivat and one of the Czech cities was agreed to be signed in the future.

Text by S.L., on November 1st, 2018, read more at Boka news

01 Nov 2018, 16:25 PM

November 1, 2018 - An investor from Russia is interested in Hipotekarna Bank, but there is also an interest from Israel, said Central Bank Governor Radoje Zugic, stressing that he will soon know what was decided on this issue.

He said that it does not matter how much someone is paying for the bank, but to protect all current assets through the resources of a potential investor.


"There is interest, but it must have two conditions - investor reputations and adequate exports of clean money and enough cash flow to provide huge deposits that we have from a sufficient source of funds of potential investors," said Žugić at a press conference organized for the occasion of “Week of Saving”.

CBMN, he added, performs daily monitoring of two banks due to the deterioration of liquidity and solvency parameters, and will try to recover them. Although these banks are not systemically important, they will only get specific information about whether there is a risk that some of them will go bankrupt.


"The Deposit Protection Fund has enough coverage. If the worst-case scenario takes place, and I hope that it will not, there will be no problem paying off all guaranteed deposits," said Zugic.

Commenting on interest rates, the governor said that leaders of the commercial banks are demanding that they are not transparent.

"CBMN has decided to transparently display each bank at interest rate levels in order to have a clear client relation in the level of interest rates," Zugic said.

Text by Dnevne novine on November 1st, 2018, read more at CdM

31 Oct 2018, 12:53 PM

Blazo Djukanovic, son of Montenegrin President Milo Djukanovic, expanded his interest in business into the information technology sphere - at the end of June, he became the co-founder of the company “Kodio” from Podgorica.

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