The bankruptcy administration of Montenegrin hotel operator Onogost has called a new tender to sell Onogost's assets after the previous four procedures failed due to lack of investor interest, news agency MINA-Business informed. The list of assets for sale includes three hotels - Onogost, Teuta and Niksic, and the Savnik restaurant. The total price for all the assets is set at EUR 26.5mn, down by EUR 3mn as compared to the previous tender. The public auction will be held on December 18. Onogost was declared bankrupt in March, 2012. |
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more
Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more