{"id":52598,"date":"2011-10-31T19:55:15","date_gmt":"2011-10-31T18:55:15","guid":{"rendered":"http:\/\/www.visit-ulcinj.com\/blog\/?p=52598"},"modified":"2011-11-08T11:50:03","modified_gmt":"2011-11-08T10:50:03","slug":"50-million-euro-investment-in-ulcinj-hotel","status":"publish","type":"post","link":"https:\/\/www.visit-ulcinj.com\/blog\/2011\/10\/31\/50-million-euro-investment-in-ulcinj-hotel\/","title":{"rendered":"50 million euro investment in Ulcinj hotel"},"content":{"rendered":"

\"\"<\/a>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 \u201cVijesti\u201d adding that the rough work on the hotel could be finished a year and a half since the adoption of a complete planning documents.<\/p>\n

In any case, according to the established schedule, the hotel will be completed by the end of 2014. year, \u201csaid Durutovic.
\nThe 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.
\nDurutovic 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\u00a0 by photovoltaic cells. He announced that the hotel will employ 180 workers, mostly from Ulcinj.
\n\u201cNinety percent of employees will be from Ulcinj,\u201d he said.<\/p>\n

\u201cStar of Montenegro\u201d is a daughter company of \u201cMontenegro 2000\u2033, which has a German-Montenegrin capital.
\nExecutive Director of the company is Novak\u2019s brother Branislav who has 42 years working in Germany and whose share\u00a0 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\u00a0 lease of land in attractive locations.<\/p>\n

montenegroulcinj.com
\n<\/strong><\/p>\n

The tax system:<\/strong><\/span><\/p>\n

Income tax 15 – 23 % (in 2009: 12 %, in 2010: 9 %)<\/p>\n

9 % company tax<\/p>\n

No profit tax or of inheritance tax.<\/p>\n

Tax of purchase on a 3 % immovable property<\/p>\n


\n
\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[10],"tags":[13981,79,19],"jetpack_publicize_connections":[],"yoast_head":"\n50 million euro investment in Ulcinj hotel - Lajme nga Ulqini<\/title>\n<meta name=\"description\" content=\"It is planned that in December, possibly in January, we obtain the necessary permission to start work, which according to the established schedule may\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.visit-ulcinj.com\/blog\/2011\/10\/31\/50-million-euro-investment-in-ulcinj-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"50 million euro investment in Ulcinj hotel - 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