The planned investment in Budva envisages the construction of an animal star category hotel in the immediate vicinity of the city marina and the Old Town according to a mixed business model with 154 accommodation units, estimated value of 51.37 million million euros, and the intention of the investor is to create 123 new jobs within the hotel. According to the projections, the investment should be repaid in 12 years of the project, and the investor is the company “ALK Nekretnine” based in Podgorica.
Consortium consisting of of the companies “ALK Montenegro” and “Sofir” planned to build a five-star family hotel in Tivat, in the immediate vicinity of the seashore and the main city marina, according to the condo business model with 77 accommodation units, estimated value of 22.77 million euros, and to open 82 new jobs. The plan envisages that the complete works will be completed by March 31, 2026 at the latest.
The government project for acquiring Montenegrin citizenship in exchange for investments in some of the investment projects in the fields of tourism, processing industry and agriculture started at the beginning of 2019 and will last until the end of this year. because the European Commission advised Montenegro to abolish the scheme of granting citizenship to investors due to the risks it represents (such as money laundering, tax evasion, financing of terrorism, corruption and infiltration of organized crime). 310 million euros have been generated from the project so far. of the previous reduction of 50 percent, the excise tax will be reduced by 40 percent, starting from November 5, when a new calculation of fuel prices will be made. If the import price of fuel would remain the same at the next calculation, this will mean an increase in the price of gasoline by about six and diesel by about animal cents.
From 6 from December to January 3, excise taxes will be reduced by 25 percent, and Finance Minister Aleksandar Damjanović emphasized that, in order to protect the living standards of citizens, the amount of excise taxes will be adjusted depending on the price movement of oil derivatives on the market.
At the session, the government appointed a member of the main board of the DPS, Mirsad Ćatović, as the acting director general of the Directorate for Inspection Affairs in the Ministry of Capital Investments and accepted the resignation of the previous state secretary in the MERT – in Damir Davidović.
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