Montenegro News

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Orascom plans for Mamula

Montenegro News - 21/04/2014

The Orascom Company which is developing Lustica Bay Resort is interested in developing the small island of Lastavica and the Mamula fortress situated on it. Orascom participated in the tender held by the government of Montenegro. They offered 1,5 EUR per sq m for the 49 year lease of the island and 0,9 EUR/m2 for the lease of the water…

Tourism in Montenegro is predicted to continue growing rapidly

Blog, Montenegro News - 31/03/2014

According to latest World Travel & Tourism Council (WTTC) report, Montenegro is still the number one country in the world in terms of real and long term growth in the Tourism industry. The direct contribution of Travel & Tourism to GDP was EUR348.7mn (9.8% of total GDP) in 2013, and is forecast to rise by 12.6% in 2014, and to…

Submarine sightseeing in Montenegro

Montenegro News - 27/03/2014

Underwater tours will start next month, announced Ilija Pajevic from Montenegro Submarine Company. Tourists will be able to enjoy the underwater world of Kotor Bay and the Perast Islands. One submarine can take up to 13 people and the price of the tour will be 12 EUR per person per hour. Photo taken from the Montenegro Submarine web site

Portonovi – start of the construction

Montenegro News - 05/03/2014

The Montenegrin Prime Minister, Milo Djukanovic and the Azerbaijan Minister of Economic Development, Shahin Mustafayev will formally mark the start of the construction of the Portonovi Resort in Kumbor. The Azerbaijan oil company SOCAR is the main investor of this 500 million project, the largest project in Europe of this kind. It is expected that 3000 people will be employed…

Vivienne Westwood Fashion Show to take place in Budva on 31st May 2014

Montenegro News - 28/02/2014

The Murano Montenegro Agency and Budva Tourist Office have arranged for Vivienne Westwood, the famous fashion designer, to show her collection in Budva, Montenegro. After successful negotiations at London Fashion Week the Agency have confirmed that the Vivienne Westwood fashion show will be held on 31st May 2014 near Budva Old Town. This important project is fully supported by the…

Tivat area draws bulk of Montenegro’s high-profile tourist resort investments

Montenegro News - 07/02/2014

PODGORICA (Montenegro), February 7 (SeeNews) – The area of the Adriatic town of Tivat is drawing the bulk of Montenegro’s incoming high-profile resort investments, a senior executive at real estate agency Montenegro Prospects said. Interest in the Tivat area has led to the development there of no less than three large-scale resort projects – the 1.1 billion euro ($1.36 billion)…

“Let’s do it Mediterranean”

Montenegro News - 04/02/2014

This year Montenegro will take part in the world campaign “Let’s do it Mediterranean”. The aim of the campaign is to clean the coast, protect the environment and to prevent further  pollution. It is part of the larger movement Clean the world. In May 2014, volunteers and many organizations will from  21 Mediterranean countries  will be involved in this project….

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