Canadian tycoon Peter Munk is considering launching another investment project in the country, after the one for construction of mega-yacht marine in Tivat, Mina news agency reported. The businessman is interested in developing a golf course and other related facilities in Mrcevo Poje. The project is estimated at about EUR 85mn. Munk's company Barrick Gold, in cooperation with local financial group Atlas, has reportedly launched talks with the authorities for the long term lease of some 2mn sqm of land in Mrcevo Poje. The potential project has a currently unresolved land ownership issues. Upon resolution of the issue, the cabinet is to call a tender for 90-year lease of the land. |
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