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Blog

Articles about real estate, life and investments in Montenegro

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The bridge over the Bojana River will cost 20 million euros

The bridge over the Bojana River will cost 20 million euros

The prime ministers of Montenegro and Albania, Dritan Abazović and Edi Rama, signed an agreement between the two countries on the construction of a bridge over the Bojana River, which will require about 20 million euros. Abazović said that the total cost of construction...

March 7, 2023Read more →

The Central Bank of Montenegro Plans to Open an Educational Center in Tivat

The Central Bank of Montenegro Plans to Open an Educational Center in Tivat

The Central Bank of Montenegro (CBCG) plans to open an educational and conference center in Tivat and will invest around 7.3 million euros excluding VAT, or around 8.83 million euros including VAT, in the construction and equipping of the facility. The tender for this amount is open until March 31...

March 3, 2023Read more →

The Arrival of Hotel Brands InterContinental, Accor, Hyatt, and Marriott Is Great News for Montenegro

Tourism & Leisure

The Arrival of Hotel Brands InterContinental, Accor, Hyatt, and Marriott Is Great News for Montenegro

The executive director of the Casa del Mare hotel group, Nikola Milić, said that the arrival in Montenegro of world-renowned hotel brands such as IHG, Hyatt, and Marriott helps increase the competitiveness of the destination and raise...

February 15, 2023Read more →

The Kamenari-Lepetane ferry line will be free for 1 month

The Kamenari-Lepetane ferry line will be free for 1 month

The Kamenari-Lepetane ferry line is currently under state control. Ferry operations have been transferred to the Public Enterprise Morsko Dobro. All legal procedures are to be completed within 45 days. Blažo Raženović from Mor...

February 10, 2023Read more →

Apartment Rental Prices in Montenegro Have Reached Unprecedented Heights

Apartment Rental Prices in Montenegro Have Reached Unprecedented Heights

Last year broke records for apartment rental prices. By the end of 2022, the average rent for a studio apartment in Podgorica was 350 euros, while the price of renting a one-bedroom apartment reached a record 900 euros. And this is happening in a country where...

January 25, 2023Read more →

Foreigners spent 370 million euros on real estate purchases in Montenegro

Foreigners spent 370 million euros on real estate purchases in Montenegro

In 2022, from January to October, foreign citizens and foreign companies purchased real estate in Montenegro worth 370 million euros, which is significantly more than a year earlier, according to data from the Central Bank. Data on real estate sales for ...

January 22, 2023Read more →

The Kolasin 1600 ski resort plans to build another lift

The Kolasin 1600 ski resort plans to build another lift

The Directorate for Capital Projects has announced an open tender for the design and construction of Lift No. 2 at the Kolasin 1600 ski resort. A budget of EUR 1.24 million excluding VAT, or just over EUR 1.5 million including VAT, has been allocated for the works. The tender is being...

January 18, 2023Read more →

Hilton is interested in the Mogren Hotel in Budva

Tourism & Leisure

Hilton is interested in the Mogren Hotel in Budva

The world-renowned Hilton group is interested in the long-term lease of the Mogren Hotel, which is part of the Budvanska Riviera Hotel Group (HG), said board chairman Mijomir Pejović. The group is also interested in acqui...

January 11, 2023Read more →

Air Montenegro Launches Routes to Zurich and Copenhagen

Tourism & Leisure

Air Montenegro Launches Routes to Zurich and Copenhagen

As reported by Air Montenegro, starting in April there will be two flights per week from Podgorica to Zurich, and from May until the end of October the number of flights will be increased to three per week. During the summer season, two flights per week are also planned to Copenh...

January 13, 2023Read more →

Hilton Expressed Interest in the Unfinished Hotel in Perazića Do (Petrovac)

Hilton Expressed Interest in the Unfinished Hotel in Perazića Do (Petrovac)

The government announced that a potential investor approached the Ministry of Economic Development and Tourism to take over the investment in completing the construction of the As hotel in Perasića Do (Petrovac). According to the RTCG portal, the investor is...

January 8, 2023Read more →

The state is selling the largest hotel company, Budva Riviera

Politics & Finance

The state is selling the largest hotel company, Budva Riviera

Next year, the Government of Montenegro plans to sell Budva Riviera, the largest hotel group, as well as several smaller national companies, and to continue the privatization of the Simo Milošević Institute from Igalo in accordance with the decision of the admi...

January 4, 2023Read more →

Inflation in 2022 is the highest since Montenegro regained independence

Politics & Finance

Inflation in 2022 is the highest since Montenegro regained independence

Inflation in 2022 will be the highest since Montenegro regained independence, it was stated at a meeting of the Council of the Central Bank of Montenegro (CBCG). This is stated in the Report on Price Dynamics for the 3rd Quarter of 2022, which was adopted by the Council. “...

December 31, 2022Read more →

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