01 Sep 2019, 12:27 PM

01 September 2019 - Rada Mineral water factory from Bijelo Polje plans to start exporting products as of September, and it will soon begin the production of juices, flavored water and probably energy drinks.

Co-owner of Water group company from Kolašin Boris Rašković said that so far they had been focused on the domestic market only.

"We have planned some new products from the beginning. As for juices and flavored water, we expect that phase to begin next year. We are making plans for starting exporting next month. That is something new, we haven’t done that so far," said Rašković.

Water group bought last year Bjelasica Rada company from Bijelo Polje. It plans to cover the Montenegrin market with Rada products as much as possible, reported Cafe del Montenegro.

Water group co-owner says that they will have a lot of work to do in Montenegro.

"We are not very satisfied with what we have done so far because the market is much bigger and it could be covered better. The market is a living organism and must be dealt with in the long run," pointed out Rašković.

He also said they operated in accordance with plans.

"We were a little late, but we are satisfied anyway. It was not simple to enter the market. The very beginning of the season wasn’t very satisfactory, but we managed to go even beyond our expectations," stressed out Rašković.

Representatives of Water group point out that they are very satisfied with the reaction of buyers.

"They are happy and we are happy. We expect September and October to be strong," stated Rašković on this occasion.

The factory currently county 20 employees. The number is expected to increase with the market opening.

"Increasing production requires investments. I will not provide you with details now, and we have not made our decisions yet. But there will definitely be more investments in the factory, infrastructure, sale network," concluded Rašković.

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

31 Aug 2019, 19:35 PM
  1. August 2019 - Mayors of Tivat and Kotor, Sinisa Kusovac and Zeljko Aprcovic signed annex4A and annex3 contracts with the representative of the German company WTE Hubert Schuter, which created the necessary conditions for taking over the wastewater treatment plant. The two documents were also signed by the directors of the water utilities of Tivat and Kotor, Alen Krivokapić and Safet Luković. These documents specify that within 90 days it should be defined and specified that by February 28, 2020, the WTE should leave the wastewater treatment plant to Tivat and Kotor, said mayor Siniša Kusovac.

During this period, complete staff training will be conducted. 

"Under the WTE monitoring, another 42-day test should be carried out and the technical correctness of the water checked. During that period, the technical acceptance of the complete facility should be carried out. This is especially important because of the company Lustica Development and in the forthcoming period it is necessary to consider the modalities of delivery of technical water, its correctness and the possibility of water supply to the golf course", Kusovac explained.

The agreement between the two mayors and municipalities specified that the expropriation of land in Klačina and the costs on that basis were the obligations of the Municipality of Tivat. The municipality of Tivat and Kotor will specify the costs of management, ie what quantities of wastewater are coming from Kotor, and how much from Tivat and on that parity will be made the costs and obligations will be paid.

Kusovac stated that the members of the Board of Directors were also changed, the Statute was amended and, accordingly, competition and selection of staff would be announced in order to start training as soon as possible, so that the management structure should now only take care of that company, Kusovac said.

Wastewater treatment plant for Tivat and Kotor municipalities was put into operation in July 2016.

EUR 10.3 million has been invested in this investment.

Source Radio Tivat 



31 Aug 2019, 15:04 PM
  1. 31. August 2019 - Wines of the company 13. Jul - Plantaže continued with a gold string of medals at the world's largest competitions, announced the PRiSMA-corporate communications, authorized PR agency of „13. Jul Plantaze” company.

New international recognition for Montenegrin wines comes from the recently concluded China Wine & Spirits Awards, the largest and most prestigious competition in China. Plantaže had sent samples that won nine medals: seven gold, one silver and one bronze medal.

Malvasia wine 2017 has won Double gold. Gold was also awarded to Vranac 2015, Epoch 2013, Premier 2011, Vranac Barrique 2015 and Vranac Reserve 2013. The silver medal went to Vranac Pro Corde 2015, while Vladika 2015 won bronze in this prestigious Chinese competition.

Over 100 international judges, composed of distributors, trade wines, sommeliers of wines and spirits, blindly evaluated wines from 55 countries. The award-winning Plantaže products have received numerous awards all over the world so far, and this is just another confirmation of their superior quality, as concluded in the announcement.

Over half a century, the Montenegrin company 13. Jul - Plantaže represents one of the greatest and most important producers of grapes, wines and grape brandy in Southeast Europe. It owns a unique vineyard in a single complex, covering an impressive area of cc.2.300 ha. Nowadays, Plantaže produces cc.22 million kilos of grapes annually, selling more than 16 million bottled products in over 40 countries in the world. Plantaže is recognisable by the authentic products, made of the authentic grape varieties. Each wine is different because it has been made in a particular place and a single vineyard, as said on the official website of the company -

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.

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