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BELGRADE (Serbia), May 13 (SeeNews) – Serbian diversified conglomerate MK Group said it has increased its shareholding interest in Montenegrin hotel operator Budvanska Rivijera [MNG:BUDR] to 28.7% by purchasing 12.1% of the company’s shares. With the transaction, carried out on May 12, MK Group confirms its previously unveiled strategic plans for expanding its business in…

MONTENEGRO. Aer Rianta International (ARI) has confirmed the award of a five-year agreement to run the duty free retail concession at Tivat and Podgorica Airports in Montenegro. The agreement was first flagged last year, as reported, with new-look stores to open later this year. How ARI foresees the new-look store at Tivat Airport taking shape…

The European hospitality-tourism sector has been particularly hard hit by the COVID-19 pandemic. As of last year, over 13 million people (or 9.4 percent of all workers) were employed in accommodation and food services, which includes hotels, casinos, restaurants, and bars. The hospitality-tourism sector is one of the major players in the EU economy. Europe…

September 16, 2020 – The Secretariat for Tourism and Entrepreneurship and the Tourist Organization of Tivat will bear the costs of certification of individual registered issuers of tourist accommodation for obtaining the EU Eco-label certificate, considering trends that more and more guests, tourists, and high-paying clients are considering their contribution to environmental protection.Tourism is the industry…

Central Bank report for 2019 says that of a total of 170 million euros spent by foreign nationals on the property in the country, Russians spent 39 million euros.Girl looking at her mobile phone in front of a boat carrying the flag of Russia in Kotor, Montenegro. Photo:EPA-EFE/KOCA SULEJMANOVICDespite its often icy political relations with…

The Montenegrin Government gave its consent for economic citizenship to be granted for four projects in the area of tourism so far. There will be more in 2020 as the interest of investors is huge. The program concerning the granting of Montenegrin passport through investments will be valid until 2021 and is limited to 2.000…

PODGORICA (Montenegro), April 29 (SeeNews) – Montenegrin company Galaxy Europe, owned by Chinese investors, has started the construction of a hotel complex in Uskoci, near the Durmitor National Park, local media reported.The project envisages the construction of a three-storey hotel with a floor area of 4,800 square metres and 40 villas on a land plot of 24,000…

The Bay of Kotor, a UNESCO Heritage Site in Montenegro – a country full of hotel development opportunity. A special TOPHOTELDEVELOPMENT story looking into hotel opportunities in Montenegro: a country ranking highly among leading private and corporate investors. We kick off a special series of TOPHOTELDEVELOPMENT stories focusing on hotel development opportunities in global hospitality…

With most of emerging Europe under severe lockdown due to the coronavirus pandemic, all travel has come to a halt and the region’s tourism sector looks set to be hit particularly hard. In countries such as Croatia and Montenegro, where tourism represents a large part of GDP, experts are sounding the alarm on what could…

Guests will enjoy stunning views from the new One&Only Portonovi. (Picture: Booking.com) Wellness-focused One&Only Resorts Portonovi will welcome guests this summer on the Adriatic coast. Luxury resort brand One&Only will open its first European property this summer with the One&Only Portonovi. Located on the idyllic Adriatic coast of Montenegro, the resort will boast stylish architecture…