30 Aug 2019, 20:30 PM

30 August 2019 - Meeting of shareholders of Electric Power Company of Montenegro adopted at the session that recently took place in Nikšić decision on granting investment for joint construction of Gvozd win farm with Ivica Holding GmbH company from Austria. The investment is worth 58 million EUR.

It was stated that last year was one of the most successful years ever since the company was formed. Electric Power Company of Montenegro recorded an income of 60 million EUR.

"All companies within Electric Power Company of Montenegro record positive performance. Unifying thermal energy complex in Pljevlja was a good decision," said the representatives of the company

The net result of Electric Power Company of Montenegro in 2018 totals 44.076.758 EUR.

"Total electricity production in 2018 reached 3.484,2 GWh, by 59% more than the year before," said the representatives of Electric Power Company of Montenegro.

The hydro situation last year was more favorable than in 2017, leading to higher production in Hydro Power Plant Perućica which amounted to 1.042,3 GWh. Receivables from distributors were reduced in 2018. Shareholders accepted the decision on directing profits to retained earnings. Total retained earnings of the company total 48.602.081 EUR, reports Cafe del Montenegro.

Total capital investments in Electric Power Company of Montenegro reached 14.321.186 EUR in 2018.

"Investments mostly referred to the modernization and new projects," said the representatives of the company.

Mr Đoko Krivokapić, Mr Ranko Milović,Mr  Ljubo Knežević, Mr Samir Hodžić, Mr Vladan Radulović, Mr Srdjan Spaić and Mr Oreste Bramanti were elected members of the Board of Directors.

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

30 Aug 2019, 12:56 PM

The contract, signed two months ago between the Municipality Kolasin and the Ministry of Agriculture and Rural Development, was implemented with the opening of the Agribusiness Center office.

There will be two young agronomists working at the office, who will give explanations, among other things, and advice to farmers, but also help with project writing and documentation completion.

Agronomists Zana Mirkovic and Bojan Despotovic have already begun touring villages and katuni.

"We are presenting to the farmers what they can get and what they should ask from the Agribusiness Center. Also, in the field, we try to spot problems of cattle breeding and crop production, give expert advice, and suggestions. So far, we have visited the part of Sinjavina, Katun Osljak, and Potrk. Katun Bojic. We visited numerous farms, as well as Katun Vranjak on Bjelasica," said the employees in the Agribusiness Center.

For the first seven days of the Agribusiness Center’s opening, the attendance was, they claim, more than satisfactory.

Counseling services in the field of cattle breeding and plant production are most often sought.

"The Agribusiness Center will fill in all the necessary documentation for farmers of various types of premiums and public calls published by the Ministry of Agriculture and Rural Development. It will be required to allow farmers to register at the Agribusiness Center in the future, because so far they were forced to do in neighboring municipalities," explained the Agribusiness Center.

Text by Dragana Scepanovic, on August 25th, 2019, read more at Vijesti

29 Aug 2019, 23:19 PM

29 August 2019 - Prime Minister of Montenegro Duško Marković congratulated the local administration and citizens on the Municipality Day of Kolašin, pointing out that numerous activities to be undertaken will contribute to the accelerated development of Kolašin in the coming years.

At a recent meeting with the representatives of the local government, Prime Minister of Montenegro Duško Marković emphasised the importance of improving road and communal infrastructure, as key preconditions for the city's development and better life of citizens. The Prime Minister, in particular, referred to the construction of the motorway and Kolašin 1600 ski resorts, which create new value not only for this municipality but for the North and the whole of Montenegro. Contribution to improving the quality of infrastructure will also be made through the Capital Budget, which will include several projects related to Kolašin.

Prime Minister Marković praised the efforts of the local administration to stabilise public finances and encouraged them to continue and achieve even better results in that regard, reports his office.

Mayor of the town Milosav Bulatović informed Prime Minister of Montenegro Duško Marković about the investment momentum in Kolašin, highlighting that for successful implementation of major projects in tourism it is important to arrange the spatial planning documentation, for which the Government has created assumptions.

He added that the local administration has made progress in the field of agriculture, as well as that they have invested significantly in sports and culture in Kolašin.

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

28 Aug 2019, 20:10 PM

28 August 2019 - Preliminary data published by the Statistical Office of Montenegro shows that the average price of an apartment in Montenegro is higher by 11,6% compared with the same period last year. Economic analyst and professor in the Faculty of Management Herceg Novi Vasilije Kostić, cites reasons why the price of real estate has gone up so drastically.

He pointed out that the number of residential units in Montenegro exceeds the need for them. Besides, real estate purchase is a form of investing that offers specific advantages in comparison to other possibilities.

"By this, I mean poorly-developed securities market," stated Kostić as Cafe del Montenegro reports.

In his opinion, an increase in the price of an apartment square meter in Montenegro is impacted by the fact that our country is a very attractive tourist destination.

"As it is becoming even more attractive, the interest in real estate in Montenegro grows simultaneously," explained Kostić.

Increase in the real estate price is followed by an increase in economic activity, i.e., economic dynamics.

According to data published by the Statistical Office of Montenegro, the average price per square meter in new construction in Podgorica was 1.204 EUR in the second quarter of 2019. At Montenegrin coast, it amounted to 1.368 EUR, in the central region 677 EUR, whereas in the northern region it was 880 EUR.

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

27 Aug 2019, 13:13 PM

Since the start of the summer tourist season, the Tourism Inspectorate has had about four thousand controls, where half of them have identified certain irregularities. So far, according to the chief tourist inspector Svetlana Sljivancanin, 20 restaurants and four beaches have been sealed.

“Based on these irregularities, we issued 1.724 misdemeanor warrants in the amount of EUR 850.790. As you can see, these fines are not small, but in any case, in some segments of tourism, the situation is that the quality of service is at a much higher level than in previous years,” said Sljivancanin.

Due to work without approval, the Tourism Inspectorate has fined about 50,000 euros this season.

Significant irregularities were noted in the organization of the beach rescue service. The law stipulates that during July and August there needs to be one lifeguard at the beaches on every 50 meters.

"We now have about 600 licensed lifeguards, which means that it is not enough to cover all our beaches that are operational. We find tenants who cannot abide by this rule, we warn them, and after the warning, we have to impose fines, so far we have issued 128 misdemeanor warrants in the amount of 75.200 euros," Sljivancanin said.

The largest part of the gray economy, Sljivancanin says, was in the transport of passengers by taxi. This season the situation is slightly better.

"Because of our joint activities with colleagues from the UP, the Maritime Safety Directorate, we have been able, this year, to get a greater number of these entities to comply with the law and have a license to work on this basis," said the chief tourist inspector.

Sljivancanin also says that tenants who did not follow the rule that half the beach must be exempt from sunbeds and other beach furniture were penalized.

The tourist inspection also reminds that the tenant is obliged to indicate the time for charging the beach furniture, which means that the law does not stipulate that this should happen after 5 pm.

"When inspectors come to the field, if they find that the sunbeds are charged beyond the time indicated on the information board, they will then take action and measurements. On this basis, we had 38 complaints from citizens and on each basis, we went out to the field and established the facts. However, the tenants still respected the prominent payment time of the beach furniture," said the chief tourist inspector.

Sljivancanin also advises that the caterers have 30 days to adapt to the new regulations, which are defined by the new Law on the Use of Tobacco Products. After that, the inspections will start with penalties.

Text by Boka News, on August 27th, 2019, read more at Boka News

27 Aug 2019, 13:08 PM

In the Bay of Kotor, traffic increased by about 15 percent this summer. Three hundred fifty cruisers entered Boka bay out of over 580 announced for this year and between 15.000 and 20.000 yachts. According to the Naval Safety Inspector of the Port Authority of Kotor, Zeljko Lompar, there were several incident situations with injured persons but no casualties.

Although it is the end of August, when the main tourist season ends, the season at sea will last until November, says Lompar, and in addition to the arrival of cruisers, many more marathons and regattas are announced.

Lompar says the most common offenses recorded this summer are boats approaching close to the coast and speeding.

“The speed in Boka, regardless of the vessel in question, is 10 knots and in the straits of Verige and Kumbor 6 knots. Vessels must not approach the coast at full speed at a distance of 200 meters,” said Lompar.

So far, inspectors of the Port Authority of Kotor have issued about 120 misdemeanor warrants, and Lompar explains that the penalty for approaching the coast is 200 euros for persons and up to 2,000 for a company.

This year, he says, there are many more small high-speed vessels for which inspectors find difficult to prove speed, unless it is recorded on-site, because those vessels do not have an automatic identification system.

"We still expect the Maritime Safety Administration to install camera radars to make controls more effective," Lompar explains.

The area from the entrance to Boka to Platamun, under the jurisdiction of the Port Authority of Kotor, was covered by one inspector and two assistants (junior inspectors) and two vessels were available to them during the summer.

Lompar says they have been the "right-hand" patrols at sea on the MUP's Naval Unit. If necessary, they also use three vessels of the Maritime Safety Directorate, but only in "stricter" controls and incident situations.

Text by Radio Herceg Novi, on August 26th, 2019, read more at CdM

27 Aug 2019, 13:06 PM

Data on the visits to Budva, which relate to the first seven months, show the return of Western European guests. Namely, German tourists are in third place by the number of arrivals and overnight stays, while France, Great Britain and Sweden are among the top ten, said the Tourist organization PR Darja Marovic.

She added that, as in previous years, visitors from Russia, Serbia, BiH, Ukraine and Belarus were the most present during the main season.

Interestingly, this year we have guests in private accommodation from some of the lesser-known, distant destinations, such as South Africa, Papua New Guinea, Mauritius, Cambodia, Indonesia, Bahrain,” she added.

According to the official statistics of the Statistical Office of Montenegro, Monstat on the number of tourists in hotels, hostels, resorts and other collective accommodation, as well as those collected by TO Budva for private accommodation, in the first six months of this year, about 300.000 guests visited the “capital of tourism”, and have made more than a million overnights. Based on the still unofficial results data for July and August, expectations for the second half of the year are more than positive.

 “According to the hoteliers, this postseason will be as successful as the preseason. If the weather supports us, we hope that the occupancy will be good in private accommodation as well. We have done our best to make a series of smaller and bigger events through both independent organization and with support in order to extend the stay of our guests," said Marovic.

The significant number of events in the coming months is crucial, and the TO believes that there will be many who will decide to spend those days in and around Budva.

Budva is the place of the most diverse tourist offer, which is why it is visited by different clientele. Marovic says that besides enjoying the beaches, many four- and five-star hotels are also attractive to the guests, but she places emphasis on "domestic crafts".

“Private accommodation pairs with the hotels when it comes to quality. The competition is high, which means that everyone is trying their best to get the guests with the quality of service they offer and kindness. Also, Budva offers a wide range of gastronomic services, which is one of the main segments a guest chooses a particular destination. Both Montenegro and Budva have a lot to offer,” as she said to “Dnevne novine”.

She also stated that the cultural and historical monuments and hinterland of Budva are still not properly exploited and that they should be promoted more.

Text by Dnevne novine, on August 27th, 2019, read more at CdM

24 Aug 2019, 00:01 AM

23 August 2019 - Montenegro has imported more than 185.712 tonnes of oil and its derivatives worth 108,33 million EUR since the beginning of the year, said the representatives of Customs Administration, writes Cafe del Montenegro.

Most oil has been imported through more than 60 companies from Serbia, 25 German companies, around 14 companies from Croatia and Bosnia and Herzegovina and 5 Albanian companies.

Oil and its derivative have come to Montenegro from Japan, through Daido Metal company, British company Border Holdings Limited, the Dutch oil company, Briggs & Stratton and Latvian Uab Sct Lunricanst.

This year’s Montenegrin oil importers are Ina company, Jugopetrol, Voli Motors, Adriatic Marinas from Tivat, Port of Bar, Uniprom Energy Podgorica, Trebjesa… Chinese CRBD company also imports these products into Montenegro.

As far as oil and gas research is concerned, two studies have been carried out. The first one lasted from 19 November to 18 December and was carried out by Italian-Russian concessionaire Eni-Novatek. Findings of the research will be known by the end of September, whereas findings of the other research will be presented in the fourth quarter of the year.

Montenegro imports oil and its derivatives for re-exportation too.

"The re-exporting process does not include remaining quantities of regular import but quantities intended for the needs of re-export," explained the representatives of Customs Administration.

Private companies make a profit in this process, and the representatives of Customs Administration of Montenegro also spoke about the price of re-exportation.

"Average price for this year amounts to 0,56 EUR per liter. Re-exportation process refers to the procurement of ships and yachts in international traffic," concluded the representatives of Customs Administration.

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

22 Aug 2019, 11:35 AM

Helicopter tours in Montenegro are increasing. Landings and take-offs are controlled by regulations, local flights are possible from private heliports, while international flights by helicopters must pass customs control, which is only possible at Podgorica and Tivat airports. The helicopter lease is usually carried out from Tivat Airport to Dubrovnik. There are also restrictions on heliports existing on hotels and within hotel resorts.

According to marketing and communications manager Adrijana Husic, at the complex Portonovi in Kumbor, which recently opened its doors, the licensing of the heliport is currently underway, and it is due to open next year.

"We also plan to use our heliport for international flights once it is operational," Husic said.

A take-off heliport has just been opened in Porto Montenegro, from which the take-offs and landings are allowed, located not far from the administrative building of “Adriatic Marinas”.

"So far, only local flights are allowed," said Danilo Kalezic, PR and marketing manager of Adriatic Marinas.

As “Pobjeda” was told at the Civil Aviation Control Agency, helicopter landings and take-offs in international air traffic are allowed only at and from international airports, and exceptionally and from those airports that are not designated for international air traffic, provided the operator ensures the application of the rules on crossing the state borders at their own expense.

“There are two international airports in Montenegro, Podgorica and Tivat, and international flights are only allowed to and from them, whether these are commercial or non-commercial flights. Apart from Montenegro Airports, there are no other airport operators that have met the regulations regarding the operation of international flights,” the Agency said.

The conduct of non-commercial or private helicopter flights within Montenegro is permitted predominantly within the framework of the regulatory requirements defined in the Regulation on conditions and manner for out-of-airport landing and take-off of aircraft.

Hotels Group Montenegro Stars, the Agency said, are licensed to use their heliport under certain restrictions, but this heliport cannot be used for international air traffic.

The accountable manager of the Airways aviation academy and charter airline in Montenegro Vuk Stojanovic points out that there are restrictions on where and how a helicopter can land and take off.

"If you were to travel from here to Croatia, the aircraft must be sterile, i.e., it must have passed all the controls that all passengers flying in it were "checked" to enter another country," Stojanovic explained.

There are, he says, small airports in the world from where commercial traffic takes place, where customs and police are there also.

"This practice can be applied here, as well. In our case, the landing and take-off must comply with international air traffic regulations, which applies to international flights. Within the country, such flights are possible," Stojanovic said, emphasizing that another limitation of the helicopter's performance is to land on a hotel’s heliport, building, or yacht.

The helicopter, in this case, must be two-engine.

"There is one such private helicopter in Montenegro, not counting the MUP and the army. Our helicopter is turbine and of good performances, but it is single-engine and according to the regulations it should not land on a hotel or any other building and anywhere near the populated area, because in case of one engine’s failing  you do not have great possibilities to maneuver and therefore the chances of a major accident are great," Stojanovic explained.

He added that there were a lot of restrictions that they eased in agreement with the Agency.

“To land somewhere other than a public area, like Zabljak, you can land in a meadow, but you need a permit from the owner and approval from the Agency. It's an off-airport landing, and to be able to land outside the airport, you need to have pilots who are trained for it," explains Stojanovic.

He says tourists are mostly looking to connect from Tivat to Djurdjevica Tara because they go rafting. That ride costs about 2500 euros, depending on the length of the wait. In addition, panoramic flights are also requested at about 300 meters height, and the transfer from Dubrovnik to Tivat are dominant, and vice versa.

"This is because in July and August, the journey between these two cities by car takes up to four to five hours. The tour costs 1000 euros and is only for those who have a deep pocket,” concluded Stojanovic.

Text by Pobjeda, on August 22nd, 2019, read more at CdM

21 Aug 2019, 21:07 PM

21 August 2019 - Ministers of Defense and Interior Predrag Bošković and Mevludin Nuhodžić recently visited watchtower Krenza on the border with the Republic of Albania that is kept by mixed patrols of the Army and the Police.

"Joint patrols of the Army and the Police along a portion of our borders, in the area of the border crossing Božaj is a true example of how two institutions can cooperate in order to provide safety and security of all our citizens and territory of Montenegro," Minister Bošković stated.

"Today, Minister Nuhodžić and I have visited this area and not only this part of our border, but also a complete part of the border with Kosovo to the Albanian border and we make sure that exactly the Army and the Police are working together in order to fully secure and maximum possible ban on illegal crossing of our borders. Precisely, this kind of joint patrols provide the ability to rehearse procedures by together work and all that is essential in order to better quality and a better way to ensure our border, but up to us is to boost their working conditions and stay in these facilities," Minister Bošković pointed out.

Speaking about the engagement of the police and army to protect state borders from the illegal immigration and cross – border crime, Minister Nuhodžić emphasised for the Ministry of Defence that mixed patrols prevented about 2,000 persons of illegally entering Montenegro from August to December 2018.

"We made sure that members of the Police and the Army perform tasks professional and dedicated, respecting the legislation and referring to humanely towards migrants," the Minister highlighted.

Minister Nuhodžić recalled that the Ministry of Interior is working continuously in order to improve the technical equipment of the Border Police, with significant support from the Government and the European Commission, in line with the Schengen standards and the Schengen Action Plan.

"Controlled and secure borders contribute to greater security of all our citizens and all guests staying in Montenegro, and it is, at the same time, our best contribution to a safer region and Europe," Minister Nuhodžić concluded.

Based on the decision of the Defence and Security Council, since August last year, the Army of Montenegro provides assistance to the border police in guarding the state border and it is engaged in the control of the border zone and the state border with Albania to the border Božaj crossing zone.

Mixed patrols of the Police Directorate and the Army of Montenegro control the border, primarily in order to be prevented from illegal border crossings with Albania, but also other illegal activities at the border and in the border zone.

Deputy Chief of General Staff of the Army of Montenegro Colonel Svetozar Brajković and Assistant Director of the Police Director – Head of the Border Police Vesko Damjanović also attended the watchtower visit.

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

21 Aug 2019, 15:28 PM

Special Hospital "Vaso Cukovic" Risan received a defibrillator from Hipotekarna Bank. This precious medical device is of great importance for improving the conditions of treatment in this specialized health institution of broader social interest, said the hospital.

The donor Hipotekarna BANK is recognized for its social responsibility activities, inter alia for the purpose of creating better conditions for treatment, care and stay in health care facilities.

Director of Marketing of the Hipotekarna Bank, Aina Ristic, presented the donation to the Special Hospital for Orthopedics, Neurosurgery and Neurology "Vaso Cukovic”, the defibrillator worth 4,000 euro. This donation is of particular importance because it is made in memory of Danijela Golović, an employee of the Hipotekarna Bank branch in Porto Montenegro, who lost her young life in a car accident.

While receiving the donation, in addressing the donors, the media and those present, the hospital director Dr Vlado Popovic pointed out the extreme importance of this type of assistance:

"I would like to thank Hipotekarna Bank for making a significant donation and expressing sympathy and regret for your colleague Danijela. What mainly rejoices is the expressed desire of citizens, businessmen, entrepreneurs to help this hospital. The needs of the community are most pronounced in institutions where people are treated, so we hope that other entities in society will follow the example of the Hipotekarna Bank. Through these types of donations, the health system is modernized and the health care of citizens is raised and improved. As an institution with a long-standing successful tradition, it has been recognized as a leading institution in the region for the field of activity (orthopedics, neurosurgery, neurology), which adds to the donation we received."

Ana Ristic, Marketing Director at Hipotekarna Bank, emphasized the special importance of this donation, dedicated to their early deceased colleague, and emphasized:

"This donation confirms the ongoing efforts of the Hipotekarna Bank to improve the long-term treatment conditions in medical facilities across Montenegro. However, this donation is special because it is dedicated to a young, lost life, our colleague Danijela Golovic. In our view, this is the best memory for our colleague."

 With this act, Hipotekarna Bank has once again shown that it is a socially responsible company that has the understanding, will and desire to support the healthcare system and the community in which it operates., it has been concluded from the Special Hospital “Vaso Ćuković” Risan.                         

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