Luksic and Mank laid the cornerstone for a luxury hotel

For Prime minster Luksic new investments are a milestone in the development of the marina, and after completion of work worth 100 million euro gains are 200-300 new jobs.

Prime Minister Igor Luksic and Canadian businessman Peter Munk have set the cornerstone for building a five star hotel, yacht club and spa center at the Tivat marina Porto Montenegro.

It is planned to expand the capacity of the marina from 185 to 380 bearths , and the Adriatic Shipyard (Bijela) will build a center for repair and maintenance of yachts.

The value of all investments is planned at 100 million .

Luksic said that everything that is done in Tivat and recent construction of the golf course will make this city a spectaculare place, not only in Montenegro, but in this part of Europe.

According to him, very important are indirect effects - Employment of construcion workers , employment opportunities on yachts, increased demand for agricultural products.

Luxury five star hotel, which will build the Asian Regent Hotels and Resorts, will have 100 rooms, residences, a swimming pool in the courtyard, spa and fitness center, restaurant, banquet space.

Munk praised the government of Montenegro, the mayor and citizens of Tivat who, he said, always willing to help to attract foreign tourists to their city.

"Personal efforts of the mayor, the local community and the Government itself are the reason we are here, not in Albania, Greece or Croatia," said Munk.

Noting that in this time of global economic crisis doubles investment in Porto Montenegro and that this second phase will not be the last, a Canadian businessman pointed out that currently in the world are rare such a valuable investments .

Chairman of Regent Hotels & Resorts, Ralf Ohletz, presented the company that will build the hotel and that Regent hotels in the past year have bin chosen for the best luxuriance hotels in the world.

Mayor of Tivat Miodrag Kankaras said that with this investments, Tivat gets what he lacked a high-class-hotel .

He recalled that the local parliament  adopted a decision to stimulate investors to build luxury hotels in the city and that the price of utility charges for such investments fell 80 percent.

In Petrovac a new 5-star hotel .

Reconstruction of the City Hotel-Sveti Stefan will be completed in March, announced today the Minister of Tourism and Sustainable Development, Predrag Sekulic.

Sekulic told reporters in Petrovac, after meeting with representatives of  Budva tourism industry, that work on City-hotel began in October, and that the investor have received a building permit.

I appreciate that there is any reason that the works are not completed within the stipulated time, so in March we will have a completely reconstructed Sveti Stefan," he said.
Sekulic believes that this year will be successful, both in terms of investor interest, as well as in terms of tourist season.
Judging by the interest of investors, and announcements for this year's tourist season, we appreciate that we will be as successful as the last year .

5-star hotel in Petrovac
Sekulic is for this year announced the start of construction of five-star hotel in the area of the former Hotel Oliva in Petrovac.

As an investor, Miso Perovic, owner of Euro Mis Trade within which operates a hotel Rivijera in Petrovac , said that building a new five strar hotel arranged in cooperation with the hotel group of Budva Riviera.
By the end of January will get a building permit, when the construction will begin , said Perovic, and stressed that the new hotel will meet all international standards.

He explained that the hotel will have 250 units and that total investment will amount to 30 million euro .
Perovic is expecting that the hotel will be operational by 2013. year.

Another golf course in Montenegro

Building a golf course on the hill Spas above Budva will start with establishing of a joint venture company, Budva Holding with Belgian Reb.

The main partner of the municipal enterprise Budva Holding, as stated in the contract of the joint venture will be a Belgian company Reb, registered in Kotor, owned by businessman and Honorary Consul of Belgium in Montenegro, Jean-Luc Dumortje.

Decision on approval to the selection of strategic partners to establish the company was adopted at the last session of the Assembly of the Municipality of Budva, which marked the beginning of the realization of the construction.

The project will be implemented on an area of ​​almost 496 000 square meters, in addition to exclusive golf courses with 18 holes, will be built with hotels, villas and apartments, as well as other facilities.

President of the Municipality of Budva, Lazar Radjenovic told the agency Mina-business that it is a very significant project.

"The project will, when completed, make Budva and Budva Riviera distinctive tourist destination in the world," said Radjenovic.

By 2021 contribution of Montenegrin tourism 2 billion euro

Vice President of the World Council for Tourism and Travel WTTC, Jean-Claude Baumgarten announced that Montenegro will in the next ten years, according to most indicators in the grow of tourism and related economic effects, will be a world leader and ahead of neighboring countries.

"Third Report on the prospects of tourism in Montenegro, which we have just completed, shows that the situation in your country, regardless of the economic crises , on this issue is much better than several years ago when we did the last report.

Direct economic contribution of tourism and travel sector in Montenegro in the next 10 years will grow at a rate of 10.9 percent per year .
This country has a huge increase in participation of the tourism and travel in the overall economy, which is very important fact that the major tour operators who need to draw attention to this market, as well as for investors who need to see new-business opportunities. Said Baumgarten.

By 2021. contribution of tourism to almost 2 billion

Vice-President of WTTC said that including the indirect economic effects, the contribution of tourism in Montenegro with the current 593, 8 million euros until 2021 to reach an amount of 1.915 billion euros, or from the current 17.2 up to 36.3 per cent share in the total gross domestic product, a number of workers in the tourism of Montenegro from the current 12 000, for ten years will grow to a total of 62 000.

Montenegro should , as Baumgarten said , specifically address the improvement of infrastructure, in order to comply with the tourism growth.

Definitely need to provide direct flights. This is not an easy job, especially since airlines are now going through a difficult period .

This will help Montenegro to remain one of the fastest growing economies in the field of travel and tourism in the world, said Baumgarten.

According to the direct participation of the travel and tourism to GDP, Montenegro is the first on the list, which includes 181 countries, membership of WTTC.

"The expected growth rate of investment in tourism in Montenegro is 16.4 per cent per year which is the highest growth rate in the world." - Vice President of WTTC said stressing that the government must take a smart policy, "using many comparative advantages that you have when it comes to tourism, starting from the beautiful and varied countryside in a small area, rich culture and history, and excellent gastronomy. "

WTTC recommends that the State in the meantime make additional efforts to build infrastructure, encourage investment, facilitate administrativ  procedures and further reduce barriers to business-as well as taking into account sustainable development.

First golf course in Montenegro will be build .

According to information "Vijesti", LPGD would realize project in consortium with partners and the commission will determine whether the offer includes an agreement on the consortium who will build the golf course.

LPGD company from Podgorica , founded by the Dutch Limon, provided a better financial offer for the construction of golf courses in Tivat from a wealthy Canadian Peter Munk.

LPGD announced a 11.3 million euro for the total period of  90 year lease for Tivat Montepranca land and nine-year investment program of up to 181.6 million euros. They offered 16 cents per square meter yearly rental fee of land, for total of 786.6 thousand square meters.

Tivat company divelopment PM Golf, founded by  Adriatic Marinas, is ready to pay a total of 10.6 million euros, or annually 15 cents rental fee  for every square meter of land. The tender is required to supply at least as much. PM Golf announces five-year capital investment of ten million .

Tender Commission for Tourism, who opened the tender, within the next 15 days to evaluate their validity and will be ranked. By the end of the month will know who wins the tender for the construction of a golf complex across from the airport in Tivat, then start negotiations with the first-ranked company .

Contessa Apartments Ulcinj

Set against a stunning backdrop of mountain scenery, this beautiful privately owned Apartment hotel is in an elevated position on the coastline.

The Apartments overlooks a nature reserve, orange groves, and has fabulous panoramic views of both the mountains and Adriatic coastline.

Situated in the prestigious Long Beach development of privately owned luxury detached villas, the Aprtments  are  approx 5 minutes walk  from the popular 5 star Hotel Otrant and 5 minutes drive to city center of Ulcinj , modern well furnished supermarket where guests can buy bread, fresh meat , fish , wine etc. is  just 3 min drive  .

The Contessa apartment has 12 bedrooms with 2,3,4, king size double combined with tween beds each with its own en suite bathroom , kitchen , large balconies.The large bedrooms opens onto the terrace with its spectacular views to the mountains and the sea.

The terraces have plenty of patio furniture and sunbeds, and there is also a separate covered area for dining outside.The clear night skies are wonderful for star gazing , enable our guests to enjoy this fabulous natural phenomenon.

Facilities.
Furniture ,the spacious modern villa with its traditional-style charm has been comfortably furnished, equipped to the highest standards and has everything for a perfect holiday retreat.

All bedrooms are en-suite and each bathroom has a thermostactically controlled shower . All bedrooms are equipped with air-condition, hairdryers and additional European adapters .

Outdoors
Apart from the Contessa apartments on-site facilities, there are numerous supermarkets, banks and restaurants all within 5 minutes drive. Travel inland for traditional village restaurants or coast-wards for lively bars and nightlife. Just a 5 min walk away from the Contessa is the Otrant hotel with its facilities including large indoor and outdoor swimming pools, gymnasium, Jacuzzi and sauna rooms, a pool bar which serves snacks, and an exclusive restaurant.

Or simply relax at the villa and dine 'al fresco' whilst enjoying the scenic view over mountains and valleys.
Ulcinj itself is an attractive castle town set in an area once described by the World Health Organisation as "one of the healthiest living environments in the world". The town has a wealth of good quality shops, bars and restaurants offering a wide range of international and Montenegrin cuisine.  There's the busy seafront, with its many bars and nightlife .

Things to do
There are also superb beaches within 5 minutes drive and this area of the Long Beach is famous for its miles of beaches, which have received the prestigious EU Blue Flag for facilities and cleanliness.

Nearest Airport
Podgorica or Tivat airports are approximately 1-hour drive away.

Fore more information and booking click here .

Hiking & Biking in Montenegro

Montenegro is the winner of the 25th Jubilee award, international environmental award by the German association of tour operators and travel agencies (DRV), which took place within 61st annual congress of this association. The awarded project which is the focus of environmental protection and social responsibility "Wilderness Hiking & Biking in Montenegro" .

Nominated project "Wilderness Hiking & Biking» Ministry of Sustainable Development and Tourism and National Tourism Organisation of Montenegro developed the concept of tourism development that is sustainable for both nature and society. Starting from the Master Plan for Tourism and Tourism Development Strategy to 2020 , hiking trails, historic trade routes and mountain trails have become part of a national network of mountain trails, a distance of 6,000 kilometers, which are designed for nature lovers. We are working intensely on the design of these trails and prepare guides and other promotional materials which present outstanding natural beauty through which routes pass. In addition, the realized and interesting initiatives: thus for example, educate visitors with ecological and cultural thematic paths (environmental and cultural values).

During the Congress minister Sekulić met and Mrs.Christiane Otter, Executive Director of DRV and Jürgen Büchy, president of the DRV. During the meeting the interlocutors emphasized the importance of the organization of the Congress during the next year in Montenegro, which is expected presence close to 1000 representatives of the German tourism industry, which will be a direct way to get acquainted with our tourist offer, the statement said.

Montenegro is better for investment before entering the EU

If Montenegro becomes a member of the European Union and NATO or not, to United Arab Emirates will be an interesting area for investment, which is already confirmed by the good economic cooperation, said in an interview for "Vijesti" the country's Ambassador in Podgorica Hasfa Al Ulama.

She said that for the investment from her country a favorable circumstance is that Montenegro is close to entering the EU and NATO.

"We have good cooperation with NATO, because the integration confirm the existence of the rule of law and all that is essential to an investor to come to Montenegro. I would even prefer to invest now, while yet you are not EU members, because it carries some other changes. In any case, were you a member of the EU or not, you are the right option for our investments , "said Al Ulama.

As Emirates 40 years ago

Despite good cooperation with Emirates and NATO , Ul Alam said that she is not someone who should to citizens of Montenegro suggest the possible benefits of membership, because the decision belongs to the Montenegrin government and citizens.

"But it is good to have a debate on this subject and be confident in the decision. We are not a member of NATO, but in some segments work closely together, especially during operations that were in Libya and Afghanistan, "said Al Ulama.

Assessing the restoration of Montenegro's independence is plenty to do so, the Ambassador said that our country sees at a level when the Emirates started with the progress.

"UAE in 1971 had a gross national product of less than two billion U.S. dollars, and now Montenegro is somewhere on that level and the way in which we were at that time. So, now you're on the path of progress and transformation, "said Al Ulama.

Sours Vijesti

50 million euro investment in Ulcinj hotel

It is planned that in December, possibly in January, we obtain the necessary permission to start work, which according to the established schedule may follow in the spring. At the same time will work out on a capital project, whose finalization is expected in April, so we have all the necessary documentation before the season, Durutovic said in an interview for “Vijesti” adding that the rough work on the hotel could be finished a year and a half since the adoption of a complete planning documents.

In any case, according to the established schedule, the hotel will be completed by the end of 2014. year, “said Durutovic.
The hotel will have about 150 beds in 114 rooms, counting the one in five residential villas. In the area of 26,000 square meters, tourists will have to offer restaurants, conference halls, swimming pools, casino, fitness center and all that implies additional contents for a hotel of five stars.
Durutovic stressed that use of natural resources for heating and cooling on the principle of exchange with the sea water temperature, while the electricity will be produced  by photovoltaic cells. He announced that the hotel will employ 180 workers, mostly from Ulcinj.
“Ninety percent of employees will be from Ulcinj,” he said.

“Star of Montenegro” is a daughter company of “Montenegro 2000″, which has a German-Montenegrin capital.
Executive Director of the company is Novak’s brother Branislav who has 42 years working in Germany and whose share  is 95 percent. The remaining five percent are owned by the Public Enterprise for the management of the marine resource of Montenegro , which issued Durutovic  lease of land in attractive locations.

Four major infrastructural project in Ulcinj

Deputy Prime Minister Vujica Lazović announced that before the start of next season will be completed  four major infrastructural projects in Ulcinj, according to TV news Antena M.

After a working visit to the municipality, Lazovic said he hope that the Government, together with local government, to create conditions that Ulcinj become the pearl of Montenegrin tourism.

The fact that prior to the start of next season will be completed  four major infrastructural projects: the bridge will be open at the Milena canal , regional water supply will come to Ulcinj, will begin to operate a regional garbage dump and we will succeed to finish some 6.2 kilometers of road reconstruction from Ostros to Sukobin said Lazović.

New mayor of the Municipality of Ulcinj Nazif Cungu announced that the local government sent to the competent ministry 15 planning documents, which would be adopting to start real development of Ulcinj.

We talked about the zoning of land which, unfortunately, were in the drawers in the Municipality of Ulcinj, and now we have opened and submitted to the competent ministry. These are 15 planning documents, and we expect an answer as soon as possible, to be returned to the public hearing, after which the plans are  re- examined and if we can within the legal deadline somewhere to 15 of January to adopt them . If we adopt a zoning plan, then that will be a real start for development of the Municipality of Ulcinj-announced  Cungu.

Montenegro in a third place for the Russian buyers

The Russians are still interesting in Properties in Montenegro , Bulgaria is dominating .
Real estate in Bulgaria are an absolute hit in Russia – according to the information portal “Homes Overseas” inhabitants of the  largest country in the world, submitted 34,959 requests to purchase property in Bulgaria.



In the last four years the Russians, according to the site News.ru, bought more than 200,000 properties in Bulgaria.
“Sellers real hopes of real estate buyers from Russia, which demands significantly exceed supply in the market. Their special  interest is for coastal and mountain resorts,” reports Dnes.bg.
For Russians, the interest of another country to purchase real estate is Spain, with 15,387 views and requirements, followed by Montenegro 9911, Cyprus 9226 and Turkey 7347.
To purchase property in Bulgaria, the Russians in the last four years spent more than a billion dollars, a Dnes.bg states that the number of customers grows every year.
It is alleged that the middle class in Moscow and St. Petersburg prefers to buy property in Bulgaria because of the favorable relationship between price and quality of housing in Bulgarian resorts.
It is alleged that the Russians will displace the British tourists from the market because they buy their property that is selling at half price.


To rent a Villa in Ulcinj click here .

Businessmen from UAE arrive in Podgorica

Al Mansouri and members of his delegation will visit Podgorica, Tivat, Kotor ,Budva and Ulcinj in Montenegro, while the site visit of Atlas Capital Center in Podgorica .

The government has announced that during his stay in Montenegro, will sign a number of bilateral agreements between the governments of Montenegro and the UAE.


It is envisaged the signing of a Memorandum of Cooperation between the Atlas Group and Lutah Group from Dubai on future joint projects in Montenegro.


The Government of the UAE delegation also includes representatives from chambers of commerce Abu Dhabi and Dubai, as well as leaders of a number of significant companies in the UAE that have shown interest to participate in investment projects in Montenegro.


It is anticipated that Al Mansuri and Montenegrin Minister of Economics Vladimir Kavarić participate in the Business Forum to be held in the Chamber of Commerce of Montenegro.

Hilton will take over Blue Horizon hotel in Tivat

Blue Horizon Hotel complex which was previously managed from the government comapny in Tivat , was taken over from Arab investment group, Qatari Diar.

The new owner, as learn from TV news, is planning to demolish the existing , and in its place build a new five star hotel.

Complete investment will cost 200 million euros, a new complex should have about 170 apartments in the villas, with supporting sport , recreation and entertainment .

Arabs are planning to make it resort of high category .

The hotel complex Blue Horizon was founded 40 years ago, and this year has achieved 60 000 of night rentals .

Arab group paid 24 million for the complex of 250 000 square meters in the bay Pržno, with the beach of several hundred meters , pine and olive trees in the background.

New owners Qatari Diar have not wanted to reveal the plans , and  the public will know about it  when procedures for spatial planning documents are finished .

Mayor of Tivat, Miodrag Kankaraš announced that these documents will soon be adopted, after which it will begin demolition and construction of new hotel, which is estimated to be finished by 2014th .

New complex will be manage within the hotel chain ”Hilton”, and the owners have promised to take care of nature conservation

Montenegro is more attractive to investors than Greece , Croatia or Cote d'Azur

Canadian billionaire Peter Munk .

Montenegro is more attractive for investment from Greece , Croatia or Côte d’Azur. Montenegro will bring in foreign investors , it is the opinion of the owner of a tourist complex Porto Montenegro in Tivat Peter Munk, Montenegro is a much more attractive for investment from the Greece, Croatia, and the Côte d’Azur.Munk said in an interview for Atlas television that the tourist-nautical Porto Montenegro project in the third year since it opened , all births a full with luxury yachts and that the apartments in two residential buildings are all sold .

He was pleased with the project and thinks it is proved that Montenegro is a great country capable of attracting investors in the tourism sector.”I think this project has also proved to be able to attract people from all over the world. I do not care how much you are rich or poor , but if you have a boat and want to go to a wonderful vacation, and if you want to enjoy nature, sea, Mediterranean climate, to be among the honest and open people, I think that there is no better place than Montenegro, “said Munk.The fact that Porto Montenegro is becoming known worldwide, he added, is another attraction for investors looking for opportunities to get involved in creating the new face of tourism.”And Montenegro is that much more attractive than the Greece , Croatian , and especially from the overcrowded and expensive Côte d’Azur,” said Munk.

Tui Travel, back to Montenegro

The existing hotel capacity of Montenegro are not sufficient and together we must work to present Montenegrin tourist product on the British market, said Managing Director of TUI Travel for northern Europe, Johan Lungren, according to Mina-business.

He was at a press conference in Budva, announced that a five-year strategic plans for TUI Travel, in which will once again be found Montenegro, predict lease of two thousand rooms in local hotels, mainly of high quality. Lungren added that a strategic plan also provides for increasing the number of guests from the British market to 35,000 in the next two years.

Minister of Sustainable Development and Tourism, Predrag Sekulic said that it is very important that the TUI Travel is interested in Montenegro, and his coming and bringing a significant number of British tourists will contribute, among other things, extended tourist season.

Although it is known that we do not have enough high class hotels, it is important that with TUI  help Montenegro will have tourist throughout the year . We will do everything to help these projects, with the desire that the next year in Montenegro is much more British tourists - said Sekulic.

President of the Municipality of Budva Lazar Radenovic is satisfied because partnerships with tour operator TUI Travel, the sooner it will increase the number of British tourists, who will extend the tourist season for a minimum of 150 days. He believes that in addition is very significantly which will Montenegrin tourist product through this tour operator, find the tourism market in Europe.

Members of top management of TUI UK and Northern Ireland in May visited Montenegro, followed by chosen a five-year strategic plans. These plans provide for increasing the number of guests renting rooms of different categories, as well as charter flights from April to October.

TUI is a multinational company engaged in travel and tourism, and is one of the largest in the world. TUI operates across Europe and owns travel agencies, hotels, planes, cruisers, and the largest unit of the TUI Airlines.