News

Montenegro’s New Golden Era - Country Life28 July, 2009Behind Montenegro’s answer to the Costa Smeralda are investors such as Nathanial Rothschild and Oleg Deripaska. Just as the Aga Khan turned a piece of barren, arid land used mainly by goatherders in northern Sardinia into one of the chicest marina resorts of the Mediterranean in the 1960s, Porto Montenegro sets out to become the wealthy Noughties latest playgrounds.

Montenegro Could Be The New Riviera - The Daily Mail6 July, 2009Montenegro 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.

Russians Turn “Queen” into a Casino - visitmontenegro.com3 July, 2009Proprietors 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”.

British Investment Company, Montenegro’s Atlas Group Team Up1 July, 2009British investment company Boka Adriatic Development Montenegro and Montenegro's Atlas group announced they have formed a partnership.

The New Port Of Cool - The Financial Times26 June, 2009This 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 time10 June, 2009Instead 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.

Visit-Montenegro.com: Satisfying summer season expected10 June, 2009Meeting 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.

Visit-Montenegro.com: Drilling machines and “Cobras” at minimum10 June, 2009Construction 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.

More Russian Expected - New-Montenegro.com10 June, 2009Montenegrin 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.

Montenegro Royale - Daily Express28 May, 2009Montenegro 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.

Montenegrin bank seeks buyer for Sveti Nikola island - BBN corresondent - 12.05.200928 May, 2009Prva Banka Crne Gore (First Bank of Montenegro (www.prvabankacg.com) has reiterated its offer for the sale of a part of the Sveti Nikola island, just off the coast of Budva, the country’s biggest seaside resort.

Golf Course Plans Face Cancellation - Mark Pullen - 08.04.200928 May, 2009Montenegrin Tourism & Environmental Protection Minister, Predrag Nenezic, has confirmed that the second round of negotiations on the sale of Tivat’s Montepranzo-Bokaprodukt – earmarked for the construction of a coastal golf course – are on the brink of collapse.

Adriatic Marinas launches advanced sale of units at new resort - BBN correspondent - 04.05.200928 May, 2009Property developer Adriatic Marinas, which has engaged in building the vast Porto Montenegro tourist complex near Tivat, has launched an early sale of apartments and villas at the location, with the prices ranging from 200,000 euros for a 113 square-meter studio to 1.5 million euro for a four-bed penthouse with roof terraces and plunge pools.

Konstruktor consortium: top bidder in highway tender -Mark Pullen - 13.04.200928 May, 2009The Montenegrin Government has confirmed that negotiations on the construction and concession of the Bar-Boljare Highway will be launched with the Konstruktor consortium.

EU states approve Montenegro Application - BBN correspondent - 24.04.200928 May, 2009European Union member states have approved Montenegro's application to become a candidate for membership in the bloc.

Montenegro among top destination for conference tourism - BBN correspondent - 19.02.200928 May, 2009UK-based Conference&Incentive Travel Magazine (www.citmagazine.com) has picked Montenegro as one of its top recommendations for conference organizers, praising its “beautiful beaches, mountain scenery, Unesco-protected medieval towns and a growing number of luxury and boutique hotels.’’

Moody’s downgrades Montenegro government bond to Ba228 May, 2009Moody's Investors Service has cut Montenegro's government bond rating from Ba2 to Ba3 and kept the outlook as `negative’, due to worsening macroeconomic data and renewed tensions surrounding key industries.

Is Now the Time To Buy Global Property? - Business Week26 May, 2009For buyers with strong stomachs and access to capital, this may be the best opportunity in decades to load up on property.

Property in Montenegro - The New Riviera - The Daily Telegraph26 May, 2009Just 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.

Europe Waits for Germany to Come to the Rescue - The Times18 May, 2009Last Friday the European Commission published what were arguably the most catastrophic economic statistics produced by any official institution in the capitalist world since 1945.

Nenezic: We are on the right track towards high quality tourism11 May, 2009The 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.

“Will new government boost Montenegro property market?”5 May, 2009This time last year, Montenegro was among Europe's hottest emerging property markets. When the recession began to bite, however, the country suffered from a perceived lack of economic security and infrastructure, and price growth more or less ground to a halt.

Will Montenegro’s ‘cut-price Monaco’ sail through the recession?, article in The Sunday Times16 April, 2009An article in The Sunday Times from this weekend clearly highlights the opportunities as well as some of the challenges we face in Montenegro.

New year, new investment?, Financial Times27 December, 2008The unravelling of international financial systems and subsequent contagion into the broader world economy has clearly inflicted multiple wounds on residential property markets.

Goodbye Monaco, hello Montenegro31 August, 2008The 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 stabilize14 March, 2008Moody’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 200811 January, 2008NEW 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 boom9 January, 2008Montenegro 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 Montenegro20 August, 2007An 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.

James Bond’s playground for sale19 August, 2007You 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.

Catherine seeks out new royal residence24 July, 2006When Michael Douglas and Catherine Zeta-Jones buy their next holiday home, it will have a regal touch.