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Adriatic Properties Posts EUR 4.3 Mln Loss in 2019
May 28, 2020, 11:13, (Property Xpress) - Budva-based Adriatic Properties, controlled by Greek businessman Petros Stathis, posted a EUR 4.3 mln loss for ...   read more
Former Vrmac Hotel to Reopen after Reconstruction in July
May 22, 2020, 12:34, (Property Xpress) - Reconstruction of the former Vrmac hotel and health complex in Prcanj, which began in October last year, is in ...   read more
Construction Starts on Westin Kolasin Resort in Montenegro
May 22, 2020, 10:03, (Property Xpress) - Kolasin Resort & Spa has started building its luxury Westin Kolasin Resort in the north of Montenegro, within ...   read more
Two Hotel Projects Approved in Montenegro
May 21, 2020, 12:00, (Property Xpress) - Montenegro’s Ministry of Sustainable Development and Tourism has annulled a decision of Budva’s former ...   read more
Orascom to Invest EUR 11 mln in Montenegro’s Lastavica Island by End 2021
May 19, 2020, 10:47, (Property Xpress) - This year’s planned investment in the Mamula fortress reconstruction and construction of a five-star hotel ...   read more
Maestral Hotels & Casino Posts EUR 4.9 mln Loss for 2019
May 15, 2020, 11:23, (Property Xpress) - Maestral Hotels & Casino, managing a hotel and casino complex of the same name in Montenegro’s Przno area, ...   read more
Spencer&Hill Seeks Approval to Expand Mediteran Hotel in Becici
May 14, 2020, 15:35, (Property Xpress) - Podgorica-based Spencer&Hill, owned by former basketball player Nikola Pekovic, has submitted a request to ...   read more
Montenegro to Sign Concession Contract for Podgorica, Tivat Airports in Autumn
May 14, 2020, 12:10, (Property Xpress) - The Montenegrin government intends to sign a 30-year concession contract for the country’s Podgorica and ...   read more
Turkish Company to Build Residential Complex in Montenegro
May 11, 2020, 12:31, (Property Xpress) - Tivat-based T&T Investments and Real Estate, controlled by Turkish capital, has received approval from ...   read more
EUR 35 mln Tourism Project Planned in Montenegro
May 04, 2020, 11:13, (Property Xpress) - Berane-based company Ski - Golf Resort Jelovica has obtained approval from the chief state architect for the ...   read more
HTP Ulcinjska Rivijera Reports Loss for 2019, to Take New Loan
April 29, 2020, 12:30, (Property Xpress) - Hotel and tourism company (HTP) Ulcinjska Rivijera ended last year with a EUR 143,527 loss, about 14.5 pct ...   read more
Mercator Posts Revenue, Profit Growth in 2019
April 27, 2020, 12:56, (Property Xpress) - Slovenian retailer Mercator said it generated sales of EUR 2.138 bln last year, including EUR 1.693 bln from ...   read more
Chinese Company to Develop Hotel Complex in Montenegro
April 27, 2020, 10:04, (Property Xpress) - A Chinese company is launching a project to develop a hotel and 40 villas in Montenegro’s village of Uskoci, ...   read more
116-Room Hotel Project to Break Ground in Montenegro
April 24, 2020, 12:56, (Property Xpress) - The Government of Montenegro has accepted a proposal for construction of a four-star condo hotel in the ...   read more
Budvanska Rivijera Reports Revenue, Profit Decline for 2019
April 22, 2020, 12:22, (Property Xpress) - Montenegro’s hotel group Budvanska Rivijera recorded a EUR 1.1 mln net profit in 2019, compared with a EUR ...   read more
Institute ‘Dr Simo Milosevic’ Posts EUR 8.1 mln Loss in 2019
April 21, 2020, 16:27, (Property Xpress) - Montenegro’s enterprise Institute ‘Dr Simo Milosevic’, owner and operator of the Institute for Physical ...   read more
Orthodox Easter Holidays
April 16, 2020, 12:58, (Property Xpress) - Property Xpress is taking a break for the Orthodox Easter holidays and will resume publishing on Tuesday, ...   read more
FDI Inflows into Montenegro Total EUR 50.5 mln in January
April 16, 2020, 10:35, (Property Xpress) - Montenegro’s total foreign direct investment inflow reached EUR 50.5 in January, while outflow totaled EUR ...   read more
Petros Stathis Denies Jack Ma’s Interest in Montenegrin Resort Properties
April 13, 2020, 9:43, (Property Xpress) - Greek businessman Petros Stathis, owner of Adriatic Properties and Universal Capital Bank, both based in ...   read more
Eviana Health Corporation to Open Production Facility in Montenegro
April 10, 2020, 12:59, (Property Xpress) - Canadian company Eviana Health Corporation has leased an area previously occupied by Montenegro’s insolvent ...   read more
Blackstone Raises EUR 9.8 Bln for European Real Estate Fund
April 09, 2020, 15:17, (Property Xpress) - Private equity giant Blackstone has announced the final close on its sixth European opportunistic real estate ...   read more
Construction Begins on 13,000 Sq. m Apartment Building in Montenegro
April 08, 2020, 12:34, (Property Xpress) - Construction of a new residential and commercial building has begun in the Tivat settlement of Seljanovo ...   read more
One&Only Portonovi to Open in October
April 07, 2020, 11:00, (Property Xpress) - Azerbaijan’s Azmont Investments, developing the Portonovi resort in the Montenegrin village of Kumbor, has ...   read more
Podgorica Company Awarded EUR 8.0 mln Construction Contract
March 30, 2020, 11:51, (Property Xpress) - A Podgorica-based company has been awarded a construction contract worth almost EUR 8.0 mln to build a science ...   read more
Contractor Sought for EUR 6.0 mln Reconstruction Project in Montenegro
March 24, 2020, 10:48, (Property Xpress) - A Montenegrin company is seeking a contractor to carry out a reconstruction project, worth EUR 6.0 mln, VAT ...   read more

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