The first nine months of this year saw the Port of Kotor post a profit of 1.05 million euros, 50.5% higher than the same period last year, reported the Chair of the Board Branko Ivanović to Pobjeda, adding that this was a record increase in profits.
"The company's revenue for the first nine months amounted to 2.85 million euros, 32.8% up on the same period last year," stated Ivanović.
Operating expenses for the Port of Kotor in the first three quarters amounted to EUR 1.79 million, which is a 27% increase due to the concession contract for the use of the port.
The Port of Kotor is the concessionary for the commercial port, and the agreement on the primary concession with the Government was signed on 25th March, on the basis of a decision of Government of 27th December last year.
The concession is for a period of 12 years, and a business plan for that period envisages investment in infrastructure and superstructure of 5 million euros. After the signing of a concession contract with the Kotor company, the Ministry of Transport in March announced that in implementing the investment plan, conditions would be created to be able to welcome the newest cruise ships, without any restriction on length or draft, and the capacity of the marina would be increased. In addition, the quality of port services will also be improved. Earlier, it was announced that the concession agreement would benefit the state, municipality, citizens, and above all, those who work in the port itself. It was also stated that it was of the utmost importance to remove any safety risks and enable improvements, investment, development, safe passage for vessels, and comfort for travellers and tourists.
Port of Kotor - photo Boka News
At the end of August, the Port of Kotor applied to the Ministry of Sustainable Development for the issuance of urban and technical conditions to build an independent buffer for vessels and two independent berths for buoy mooring in the operational space of the Port, in order to improve the technical and technological elements necessary for welcoming passenger vessels. The Port of Kotor Company made a net profit last year of some EUR 801,200 and is one of six joint-stock companies that paid dividends to shareholders last year.
In June, a meeting of shareholders in the Kotor company took the decision to distribute half of its profits to the owners in the form of a dividend. The Municipality of Kotor holds 56.97% of the Port’s shares, PIO Fund 17.5%, and the Employment Bureau 5.87% of the company's capital.
The Kotor Municipal Assembly has decided that construction can begin on a pedestrian underpass under the main road to the Old Town.
Councillors took the decision to approve the settlement for civil proceedings in Case No. 622/19, giving the go-ahead for the construction of an accompanying facility for the underpass road - an underground pedestrian crossing under the existing main road, in front of the city walls and the Harbour Master's Office.
The complex project is worth 1.4 million euros, and will be completed within a timeframe of four months.
The underpass design, by Europrojekt Podgorica, was presented at the Municipal Assembly hall, and the contractor will be Kotor firm Briv Construction.
While supporters of the project say that it will resolve congestion issues, views have been voiced that the project is not in compliance with the law.
A total of 13 councillors voted in favour of the construction of the underpass in front of the city walls and Harbour Master's Office, while Ljiljana Popović Moškov from Civic Movement URA voted against, with Ranka Krivokapić, Jovo Suđić and Ljilja Radunović of DPS, as well as Vido Drašković from the Liberal Party abstaining.
Chief Designer Dragutin Dubljević of Europrojekt stated that every detail would be taken care of - from lighting, use of quality materials, provision of lifts and means to ensure full accessibility to persons with disabilities.
October 30, 2019 - There are numerous activities currently being undertaken by the Kotor Directorate for Planning and Development. Besides the frequent repairing, remodelling, applying and updating of road markings, removing the roots of palm trees that have been destroyed in Risan, and liming pavement in Dobrota, repairs have been undertaken to roadside walls by the Institute for Marine Biology and the open air swimming pool.
“This is only the start of the work we plan to carry out. We are listening to what people are suggesting to us, but it is up to them to maintain public areas so that funding is not spent on the same things time and again, as we are doing everything we can to ensure that the city is more beautiful for our citizens as well as a large number of tourists visiting on a daily basis,” stated Head of Kotor Directorate for Planning and Development, Zoran Mrdak.
He stated that on the walkway, five to seven-metre palms resistant to red palm weevils would be planted, and that other locations would be agreed.
A Board of Directors meeting was held on 30th, with discussions taking place on the programme of work and landscaping linked to 30 investment decisions.
We appeal to everyone to look after and not damage the equipment provided for them. We must not forget that the fundamental characteristic of public space is that it is available to all.
From now until November 6, a public debate will be open on the Draft Concession Act to deliver the Kotor – Lovćen cable car project, organised by the Ministry of Sustainable Development and Tourism.
The draft act is available on the website of the Ministry of Sustainable Development and Tourism, on the e-government portal and in print media.
The public debate is organised using a round table at the Ministry of Sustainable Development and Tourism and through the submission of proposals, suggestions and comments in written and electronic format.
The Ministry invites citizens, municipalities, scientific and professional institutions, relevant bodies and organisations, civil society and others to participate in the public debate.
The round table within the public debate on the Draft Concession Act will be held on 28th October at 11 am on the premises of the Ministry of Sustainable Development and Tourism.
Following the last session of Government, it was announced that the Plan for granting of the concession for the Kotor – Lovćen cable car project 2020 would enable the commencement of a procedure for attracting private investment into projects that are primarily in the public interest. The aim is to ensure the highest possible benefit to tourism from the extremely valuable natural resources and cultural heritage.
Source: Radio Jadran
17 October 2019 - Montenegro is fast becoming a major world-known luxurious tourist destination, and being the Adriatic gem, it isn't difficult to understand why. Forbes Magazine has published a guide to picking the best destination to visit in 2020, with Montenegro in the top 20, highlighting the beauties of Kotor.
One of the most reliable and outstanding business magazines in the world, Forbes Magazine recently published an article on best places to visit in 2020, which is a destination guide by Ovation Travel Group's agents created to help the travellers pinpoint the best travel locations worldwide. “It confirms a few favorite places, but also has a surprise or two,” says the article. The top 20 destination list highlights Kotor, Montenegro, as one of the most unique natural attractions of the Mediterranean.
The Ovation Travel Group travel agency and Forbes have both recognized the beauty of Kotor, placing the gorgeous coastal city on the 13th place on the list of “Top 20 Best Places To Visit In 2020”. Kotor is an excellent combination of natural, cultural and historical beauties, which makes the town worth visiting, and the article offers information on why travellers should visit Montenegro and Kotor, who is a “top candidate” to fall in love with the city and what they definitely shouldn’t miss.
“Montenegro, the Adriatic’s hidden treasure, is emerging as a desirable Mediterranean destination, state the OTG’s agents, adding that "it's the Adriatic’s hidden treasure".
“Today, Montenegro is emerging as a go-to luxury haven. Aman Sveti Stefan, Montenegro’s most luxurious hotel, raised the bar for hospitality in the country, and Marriott International just announced that it will bring the Ritz-Carlton brand to Montenegro in 2023,” highlights the article, introducing the readers to the continuously upgraded tourism offer of the country.
Forbes recommends the dreamy city of Kotor and Montenegro for all active travelers looking for hiking and adventure as well as for couples seeking relaxation and privacy. The OTG’s agents also highly recommend numerous landmarks in Kotor: Old Town Kotor, Perast, Our Lady of the Rocks, St. Ivan Fortress and more. “Kotor, another walled Dalmatian city, offers travelers an impressive and more natural experience. It's one of the best-preserved old towns on the Adriatic coast and is home to many churches and museums,” states the article.
11 October 2019 - On October 3rd, Jet2.com and Jet2holidays announced new direct services to Tivat in Montenegro, with flights and holidays going on sale from London Stansted and Manchester Airports.
The announcement marks the first time that Jet2.com has operated flights direct to Montenegro, a destination that features everything from golden beaches and cool bars to whitewashed villages and rugged national parks. Currently accessible from Dubrovnik, the launch of this brand new route now gives holidaymakers direct access to Montenegro with Jet2.com and Jet2holidays.
The airline will operate up to two weekly services (Thursday and Sunday) to Tivat from each base, with services running from May through to October.
Located on the west coast of the Balkan Peninsula, Tivat opens up an array of dazzling options for holidaymakers, including resorts such as stylish Budva, chilled-out Bečići and the stunning Herceg Novi. The classy coastal town of Tivat itself is nearby, as is the jaw-dropping Kotor Bay.
This is Jet2.com’s third brand new route for Summer 20, in addition to Preveza (Greece) and Zadar (Croatia).
Steve Heapy, CEO of Jet2.com and Jet2holidays said: “The introduction of services to Tivat means that we are operating direct flights to Montenegro for the first time. With stunning scenery, a wonderful climate, and fantastic resorts such as Budva and Bečići on offer, we are expecting this destination to be hugely popular with holidaymakers. Yet again, Jet2.com and Jet2holidays are giving holidaymakers and independent travel agents even more choice and flexibility when it comes to booking our award-winning flights and holidays.”
Low-cost carrier Jet2 will enter the Montenegrin market in 2020 with the launch of two new routes to Tivat. The airline will inaugurate two weekly flights from Manchester and London Stansted starting May 21. Both will be operated with a 189-seat Boeing 737-800 aircraft. The announcement marks the first time the leisure airline and package holiday specialist has operated flights to Montenegro.
"The Balkan beauty of Montenegro sits beside neighbours Croatia and Bosnia and Herzegovina. Majestic mountains stand proud against brilliant beaches, with terracotta-topped towns in between. You’ll find laid-back rural areas alongside upmarket marinas too. Sound up your street? Let us show you more…," says the open invitation of the Jet2 company to all interested travellers to visit Montenegro and its beauty.
Tickets are already available for purchase on the airline's website.
Get more information on when and how to visit Montenegro at TMN's dedicated page.
11 October 2019 - Prime Minister of Montenegro Duško Marković recently hosted the representatives of the Italian company Leitner, one of the world's leading manufacturers of products and equipment for ropeways, snow groomers, urban transportation systems, and wind energy. Following the successful launch of the cable car project in Cmiljača and the Monastery Podvrh - Đalovića Cave, the company expressed its intention to start a project to build a gondola cable car from Kotor to Njeguši by financing, according to initial estimates, around 20 million EUR.
The Prime Minister expressed satisfaction with Leitner's business operations in Montenegro so far, assessing that the two cable cars projects, as strategic projects financed by the Government and built by Leitner, are successfully implemented due to the seriousness and commitment of the parent company, as well as the choice of a high-quality local partner.
"It is important for the Government of Montenegro, which allocates a large amount of money from the capital budget for strategic development projects, to have credible partners like Leitner who bring new quality and knowledge. The successful start of the previous two projects recommends you for this one as well. That is why I was delighted by your interest in the Kotor – Njeguši cable car project that you would build on the principle of concession or public-private partnership," Prime Minister Marković noted.
Sales director and member of the Leitner Board of Directors Martin Leitner presented a preliminary design of the cable car to the Prime Minister, saying, among other things, that they plan to build Pininfarina cabins similar to the ones they recently built in Zermatt in Switzerland on the Matterhorn Glacier.
The meeting assessed that the project has a tourist, but also ecological and cultural dimension as it enriches the tourist offer of Montenegro, improves the tourist position of Cetinje and Lovćen National Park, but also creates preconditions for reducing the volume of traffic from Kotor to Njeguši.
Minister of Sustainable Development and Tourism Pavle Radulović and Minister of Culture Aleksandar Bogdanović also attended the meeting.