NEWS !!! |
- Published in the local newspapers “Pobjeda” date 24 June 2005, Agency for Foreign Investments of the Republic of Montenegro announced a Public Call for sale of minority package of share capital, with investment, of the company HTP “Korali” A.D. Bar.
The above stated method includes the sale of minority package of share capital and registration of the issued company shares (investment), with the obligation to secure the major package of shares (51% at least) after the fulfillment of the investment program in accordance with the offer, by the minority package of shares purchaser.
Tender participants can submit their final offers till 2 September 2005, at 15.00 hours local time.
As published in the local newspapers “Pobjeda” dated 23 May 2005, Agency for Foreign Investments of the Republic of Montenegro announced a Public Call for qualified international operators of the luxury hotels to submit their offers for leasing and management of luxury hotel capacities: hotel “Sveti Stefan” and hotel “Milocer” presently owned by HTP “Budvanska rivijera” AD Budva, and hotel “Kraljicina Plaza” presently owned by HTP “Milocer” AD Budva.
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As published in the local newspapers “Pobjeda” dated 30 may 2005, Agency for Foreign Investments of the Republic of Montenegro announced a Public Call for sale of “Termoelektrana’ Pljevlja as property of “Elektroprivreda Crne Gore” AD Niksic, as well as sale of 31,1117% of shares of the company “Rudnik uglja” AD Pljevlja, presently owned by the Republic of Montenegro, to one investor.
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Montenegro’ government is looking to lease the exclusive Sveti Stefan resort on the Adriatic Sea, a former summer mecca for Hollywood starts that has fallen into decline since the Balkan wars of the 1990s. Tourist Minister Predrag Nenezic on today said the government was offering a 20-30 year lease on the resort to “bring in investors” to the cash-strapped republic and planned officially to launch the tender by the end of the month. “The government is unhappy with the way things now are at Sveti Stefan,” Nenezic told Montenegro’s private IN Television, without elaborating.
Located 25 miles southeast of Montenegro’s capital, Podgorica, Sveti Stefan is a tiny peninsula dotted with sun-bleached limestone houses and narrow cobblestone streets dating back to a 15th century fishing village. The village’s old homes were converted into luxury getaways in the 1960s, with exclusive villas and suites that soon became a draw for the rich and famous. Visitors included former West German Chancellor Willy Brandt and Hollywood icons such as Elizabeth Taylor, Richard Burton, Sophia Loren and Sylvester Stallone. Its golden era ended with the break-up of Yugoslavia in the 1990s and the years of war and international sanctions that came with the turmoil. It was in Sveti Stefan in 1992 that US chess legend Bobby Fischer played his controversial match against the Soviet Union’s Boris Spassky in violation of the US-backed embargo on Yugoslavia. As possible investors, Nenezic said the government was looking to prestigious international companies with experience in five star and luxury hotels.
Along with the finalization of the “Telekom” and “KAP” privatization process in 2005 tenders for control package of shares sale in “Duvanski kombinat”, “Jadransko brodogradiliste”, HTP “Boka”, UTIP “Crna Gora”, HTP “Budvanska rivijera” and “Ulcinjska rivijera” are expected. On public tenders foreign and domestic investors shall bid for shares in “Plantaze” from Podgorica, Institute “Dr Simo Milosevic” from Igalo, “Podgoricka banka” from Podgorica, as well. It is expected that tenders for HTP “Korali”, “Industrija koze Polimka” from Berane, “Bokeljka” from Kotor, “Promont” and MMK “Standard” from Niksic will be continued.
At the same time, preparation of the development and privatization strategies for “Elektroprivreda”, “Luka Bar”, “Zeljeznica Crne Gore” and “Radoje Dakic” is announced.
As domestic sources of capital were either exhausted during sanctions or remain frozen in foreign accounts, the success of the privatization program is entirely dependent on the arrival of foreign investors.
As far as Montenegro in concerned, your opportunity waits in :
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