Adriatic Project
Project Partners:
Recent news
- Sun shines on fresh markets 25 Aug 09
- Reconstruction of Budva Pump Station 19 Aug 09
- Montenegro makes it easy for expatriates 19 Aug 09
- Montenegro power company sells percentage to Italy - 30th July 2009 19 Aug 09
- Montenegro Market Recovery 17th August 2009 19 Aug 09
- Montenegro credit report - 18th August 2009 19 Aug 09
- Glam Rock - Montenegro in Conde Nast 13 Aug 09
- Pamela Anderson to Build Hotels in Montenegro 27 Jul 09
- Montenegro Could Be The New Riviera - The Daily Mail 6 Jul 09
- Russians Turn “Queen” into a Casino - visitmontenegro.com 3 Jul 09
Sun shines on fresh markets
Posted 25 August 09
An article in this week’s Estates Gazette reporting on second home ownership.
Reconstruction of Budva Pump Station
Posted 19 August 09
The Public Enterprise “Regionalni vodovod Crnogorsko primorje”, hereinafter referred to as “the Employer” has received a loan from the European Bank for Reconstruction and Development (the Bank) towards the cost of Montenegro Regional Water Supply Project.
Reconstruction of Budva pump station
Montenegro makes it easy for expatriates
Posted 19 August 09
Moving to Montenegro would be relatively straightforward for expatriates as there are no restrictions on buying property in the country, claims a property website.
Montenegro Makes It Easy For Expatriates
Montenegro power company sells percentage to Italy - 30th July 2009
Posted 19 August 09
Montenegro’s government said Thursday it will sell 18.3 percent of the state power company to Italy’s A2A for euro191 million ($268.41 million).
Montenegro power company sells percentage to Italy 30th July 2009
Montenegro Market Recovery 17th August 2009
Posted 19 August 09
The manager of the Israeli real estate agency predicts that the Montenegrin real estate market will recover, stating that the demand in Petrovac and Becici has increased.
Montenegro credit report - 18th August 2009
Posted 19 August 09
Montenegro’s Ba3 government bond rating and country ceilings are primarily based on an assessment of its low level of economic and institutional strength, limited by the country’s small size and the concentrated nature of its economy, says Moody’s Investors Service in its new annual sovereign credit report on Montenegro.
Montenegro Credit Report Article - 18th August 2009
Glam Rock - Montenegro in Conde Nast
Posted 13 August 09
CondeNast_Aug09_lowres_(2).pdf
Pamela Anderson to Build Hotels in Montenegro
Posted 27 July 09
Hollywood star Pamela Anderson arrived in Montenegro as a potential investor in a project to build ecologically friendly hotels.
To read more of this article, please follow the link below:
http://www.balkaninsight.com/en/main/news/21079/
Montenegro Could Be The New Riviera - The Daily Mail
Posted 6 July 09
Montenegro will soon make Monaco look ‘second rate’. So says Canadian billionaire Peter Munk, who last week unveiled the first phase of the redevelopment of Porto Montenegro.
To read more of this article, please follow the link below:
Russians Turn “Queen” into a Casino - visitmontenegro.com
Posted 3 July 09
Proprietors of the hotel in Becici found new partners interested in recapitalization of the company: Russian “Korston Group” will get the majority stake in hotel company “The Queen of Montenegro”.
To read more of this article, please follow the link below:
http://www.visit-montenegro.com/article-mne-22192.htm
British Investment Company, Montenegro’s Atlas Group Team Up
Posted 1 July 09
British investment company Boka Adriatic Development Montenegro and Montenegro’s Atlas group announced they have formed a partnership
The New Port Of Cool - The Financial Times
Posted 26 June 09
This month, a magnificent €600m marina opens up the Balkans as a destination for superyachts. Will Porto Montenegro lure the big boys away from the Riviera?
Visit-Montenegro.com: Arabs need more time
Posted 10 June 09
Instead of 1st of September, the deadline for the submission of final bids for Velika plaza and Ada is now the 1st of December: According to unofficial sources, the investor needs more time to get prepared for the development project of Velika plaza, estimated at more than EUR 20 billion. The implementation of the entire project of Velika Plaza would take 20 years approximately. In terms of financial power, the company “Hydra Properties” has no serious rival in the tender competition.
To read more of this article, please follow the link below:
http://www.news-montenegro.com/articles/view/20838
Visit-Montenegro.com: Satisfying summer season expected
Posted 10 June 09
Meeting of operational teams in the tourism industry on how to mitigate negative impact of the global financial crisis: State of affairs in the tourism of Montenegro inspires optimism. The national flag carrier “Montenegro Airlines” adopted decision to start new routs to Pristina, Skopje and Copenhagen. As far as existing flights are concerned, this company provides significant discounts for tourists who book their vacation packages to Montenegro.
To read more of this article, please follow the link below:
http://www.news-montenegro.com/articles/view/20990
Visit-Montenegro.com: Drilling machines and “Cobras” at minimum
Posted 10 June 09
Construction works in Budva throughout the whole summer: Though all construction sites should have been officially locked yesterday not to be open before 1st of October, and seasonal construction workers should have started packing their suitcases, by all accounts, they are going to stay in Budva during entire summer since construction works apparently won’t soon be over.
To read more, please follow the link below:
http://www.news-montenegro.com/articles/view/21010
More Russian Expected - New-Montenegro.com
Posted 10 June 09
Montenegrin tourism offer presented in Moscow:
Within the press conference and the presentation, which took place at the premises of the Embassy of Montenegro in Moscow, the Minister Nenezic invited citizens of the Russian Federation to visit Montenegro and informed of the new high-quality offer attuned to the circumstances created by the deepening global economic crisis.
To read more, please follow the link below:
http://www.news-montenegro.com/articles/view/21181
Montenegro Royale - Daily Express
Posted 28 May 09
Montenegro has long enjoyed a reputation as having one of the most graceful shorelines in europe. For centuries, this dark, pine-covered ‘black mountain’ coast – where the rural serbian hinterland converges spectacularly with the Adriatic sea – has wooed royals, attracted merchants and delighted artists. even James Bond could not resist a visit – or even a gamble – here.
To read the rest of the article please follow the link below:
http://www.express.co.uk/posts/view/103721/Montenegro-Royale
Montenegrin bank seeks buyer for Sveti Nikola island - BBN corresondent - 12.05.2009
Posted 28 May 09
Montenegrin_bank_seeks_buyer_for_Sveti_Nikola_island.pdf
Golf Course Plans Face Cancellation - Mark Pullen - 08.04.2009
Posted 28 May 09
Golf_course_plans_facing_cancellation.pdf
Adriatic Marinas launches advanced sale of units at new resort - BBN correspondent - 04.05.2009
Posted 28 May 09
Adriatic_Marinas_launches_advance_sale_of_units_at_new_resort.pdf
Konstruktor consortium: top bidder in highway tender -Mark Pullen - 13.04.2009
Posted 28 May 09
Konstruktor_consortium_Top_Bidder_in_Highway_Tender.pdf
EU states approve Montenegro Application - BBN correspondent - 24.04.2009
Posted 28 May 09
EU_states_approve_Montenegros_application.pdf
Montenegro among top destination for conference tourism - BBN correspondent - 19.02.2009
Posted 28 May 09
Montenegro_Among_Top_Destinations_for_Conference_Tourism.pdf
Moody’s downgrades Montenegro government bond to Ba2
Posted 28 May 09
Moodys_Downgrades_Montenegro_Government_Bond.pdf
Montenegro’s New Golden Era - Country Life
Posted 28 May 09
Country_Life_20_May_2009_Montenegro_2_0001.jpg
Is Now the Time To Buy Global Property? - Business Week
Posted 26 May 09
For buyers with strong stomachs and access to capital, this may be the best opportunity in decades to load up on property.
To read the rest of the article please follow the link below:
http://www.businessweek.com/globalbiz/content/apr2009/gb20090427_454610.htm
Property in Montenegro - The New Riviera - The Daily Telegraph
Posted 26 May 09
Just when you thought everywhere in Europe with a water view had been discovered or priced out, Anna Tyzack reveals the majesty of Montenegro, a country just three years old.
To read the rest of the article please follow the link below:
Europe Waits for Germany to Come to the Rescue - The Times
Posted 18 May 09
Last Friday the European Commission published what were arguably the most catastrophic economic statistics produced by any official institution in the capitalist world since 1945. These figures showed that Germany has suffered the steepest economic collapse ever recorded in a major industrialised country; and that several of the countries in Central Europe and on the periphery of the eurozone are now in a state of economic and financial meltdown comparable with Argentina, Indonesia and Russia in the 1990s or with Iceland last year.
To read the full article please select the link below:
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article6308164.ece
Nenezic: We are on the right track towards high quality tourism
Posted 11 May 09
The executives of “Metropol” and top hotel brand “Banyan Tree” signed an agreement on managing the complex on Sveti Marko Island: The Russian Corporation “Metropol” sealed a deal with the world-renowned hotel brand “Banyan Tree Holding Limited” on management over the future summer resort which is to be built on Sveti Marko Island near Tivat. Montenegro is marching decidedly towards high end tourism.
To read the article in full please follow the link below:
http://www.visit-montenegro.com/article-mne-20052.htm
“Will new government boost Montenegro property market?”
Posted 5 May 09
http://www.worldofproperty.co.uk/news-671.htm
Will Montenegro’s ‘cut-price Monaco’ sail through the recession?, article in The Sunday Times
Posted 16 April 09
An article in The Sunday Times from this weekend clearly highlights the opportunities as well as some of the challenges we face in Montenegro.
The article can be seen in the PDF below or following this link to the Times Online.
Testing the water - article in The Sunday Times, 12 April 2009:
The-Sunday-Times-12-Apr-09.pdf
New year, new investment?, Financial Times
Posted 27 December 08
The unravelling of international financial systems and subsequent contagion into the broader world economy has clearly inflicted multiple wounds on residential property markets. Even the luxury end has been hit as high-net-worth individuals watch their investments in shares and, most recently oil, nosedive. The cost of existing debt has risen and new credit lines have become rarer and tighter. And we have seen huge and rapid currency fluctuations, which have a big effect on cross-border purchases.
Admittedly, it is an odd time to be recommending places to buy a house. But, as we move into 2009, with prices falling and more distressed sales coming to the market, it could just about make sense. Those with money are starting to scavenge for bargains.
Why anyone should listen to real estate industry analysts is a fairly important question. None of the agencies or organisations that regularly comment on the housing market predicted the 2008 crash so why should we think we know any more now?
But we are in a very different situation than we were a year ago. In 2007 we were at the top of a boom and the question was when it would turn to crash. Now we are in the crash and, whether prices fall 30 per cent or 50 per cent, at some point in 2009 the market is likely to hit bottom or be close to it. This is the time to prepare to buy before the herd moves in. (...)
We have selected 10 locations - a mix of city centre and resort areas - where we think people can safely buy primary or holiday homes next year. (...)
4- Montenegro
Montenegro appeared relatively recently on the second-home buyer radar - in effect only since its split from Serbia in June 2006. It has a small but attractive coastline with little room for significant resort development, limiting the risk of oversupply. And property prices - at €1,550-€3,100 per sq metre on average for new developments - are cheap when compared with many established European locations although they can go as high as €4,000-€5,500 per sq metre. In the longer term, Montenegro aspires to European Union membership, which will significantly lower its risk profile. Locations worth considering are Budva, Tivat and Sveti Stefan.
To read article in full, please download PDF below.
Goodbye Monaco, hello Montenegro
Posted 31 August 08
The roads are crumbling and the power and the water supply is erratic but British investors are placing bets. Welcome to Tivat, which is being described as the Monaco of the Balkans.
Moody’s predicts Montenegrin economy will stabilize
Posted 14 March 08
Moody’s Investors Service predicts that Montenegro’s economy will stabilize. Moody’s has assigned its ‘Baa1’ country ceiling for long-term foreign currency debt and a ‘Ba2’ issuer rating for the foreign currency debt obligations of the government.
Travel Picks: The top 10 IT places to visit in 2008
Posted 11 January 08
NEW YORK (Reuters Life!) - Looking for a new vacation spot this year? Try Mozambique, Oman, or even revisit Paris, all of which feature on a list of the top 10 must-visit destinations for 2008 from online travel site Concierge.com.
Montenegro in Balkan boom
Posted 9 January 08
Montenegro has become a major property investment success story since it gained independence two years ago, it has been reported.
Abu Dhabi Royal Ponders Investing in Montenegro
Posted 20 August 07
An Abu Dhabi royal has arrived in Montenegro for a fact-finding mission aimed at exploring possible investments in the country’s Adriatic coast, Montenegrin media reported on Monday.
Sultan al Nahajan was reportedly interested in the tourist resorts of Slovenska plaza and Jaz in Budva and in Lucice in nearby Petrovac. The ruling family of Abu Dhabi is well known for its investments in the hotel industry and banking. Zajed al Nahajan is a member of the royal family ruling Abu Dhabi, which is part of the United Arab Emirates. According to the Forbes list of the world’s richest people, his father, Kalifa bin Zajed al Nahajan, is estimated to be worth about $20 billion. The family has ruled Abu Dhabi, the richest of seven Gulf emirates, for the last 250 years. The daily newspaper Vijesti reported that bin Zajed al Nahajan had come to Montenegro on the invitation of Svetozar Marovic, the deputy president of the ruling Democratic Party of Socialists.
James Bond’s playground for sale
Posted 19 August 07
You saw it as the backdrop to Daniel Craig’s James Bond in Casino Royale. Pictures of it litter advertisements for the grunge fashion chain Fat Face. And soon, it may be one of Europe’s property hotspots.
Montenegro became Europe’s newest nation after its formal split from neighbouring Serbia last summer. The 200-mile coastline, running between its borders with Croatia and Albania, is among the most beautiful in Europe and already attracts considerable interest from developers. Meanwhile, inland, there is the world’s second largest canyon, 40 big lakes and a ski resort, which is now being given a makeover.
Catherine seeks out new royal residence
Posted 24 July 06
When Michael Douglas and Catherine Zeta-Jones buy their next holiday home, it will have a regal touch.