Montenegro properties attract foreign investors
Since its establishment in 2006, Montenegro has gained the prestigious status of leading Europe in terms of foreign investment per capita. Recently there has been a surge of interest for the real estate market in Montenegro, which is now being considered as one of the fastest growing property markets in the world. Investors from Europe (UK, Russia), America and the Arab world have pumped hundreds of millions to this growing market in a bid to make quick and significant profits. It should be mentioned that a foreign investor can be the... Vazhdo
Montenegro’s president nominates Djukanovic to again become premier
PODGORICA, Montenegro: Montenegro’s president on Wednesday officially nominated former, long-serving leader Milo Djukanovic to return to the premiership for another term. “I’m convinced that (Djukanovic) will be fully devoted to the economic development of Montenegro … and the government will be devoted to continuation of the process of European and Euro-Atlantic integration,” President Filip Vujanovic told journalists in the capital, Cetinje.Djukanovic will replace outgoing Prime Minister Zeljko Sturanovic,... Vazhdo
Russians prompt boom in Montenegro
his week, Kosovo became Europe’s newest state, a distinction held for the last two years by Montenegro – which declared independence from Serbia in 2006. Russian money is transforming parts of Montenegro But Montenegro keeps another record, it gets more foreign investment per capita than any other country in Europe, well over $1,000 (£515) for each of its 650,000 people. Much of it comes from Russia. Step off the plane in the Montenegrin capital, Podgorica, and the first thing you see is a billboard in Russian: “Come... Vazhdo
Montenegro In Tourism Push
Podgorica _ Montenegro has called on international investors to help develop high-end tourism along its coastline. The appeal by the country’s Ministry of Tourism and Environmental Protection calls on investors to help draft a preliminary appraisal for construction projects in the area. Successful companies will then be allowed to manage the new tourist complexes once they are constructed. Ada Bojana island has been identified as one of several key locations for the development of high-end tourism. The island, about 520 hectares... Vazhdo
Montenegro the new Dubai?
Is Montenegro the new Dubai? It would seem it’s headed that way, with one of Britain’s richest men going up against Emirati investors to develop one of the country’s most beautiful stretch of beach. Roman Abramovich, a Russian billionaire that owns a string of mansions, a fleet of super-yachts, and his own football club, is preparing to bid for the eight-mile long Velika Plaža—or grand beach—near Ulcinj, where he plans to build a massive luxury tourist resort and turn the country into “the new Dubai”. Heralded for... Vazhdo