25 Jul 2019, 14:06 PM

Atlas Mont Fond and One-third of Stock Exchange in Hands of Radovic

“Butterfly finance” management company, owned by businessman Blagota Radovic, offered 401,000 euros to acquire the management of the open-end fund investment fund Atlas Mont, which, among other things, owns one-third of shares in Montenegro Stock Exchange, as “Vijesti” found out unofficially from several sources.

Atlas Bank's bankruptcy board opened two bids received yesterday and the competitive offer of the Management Company “Quantum Investments” amounted to 231 thousand euros. “Quantum investments” has been managed by OIF HLT for three years and is controlled by broker Aleksandar Jovovic and related persons.

Atlas Bank's bankruptcy board controls 59 percent of DZU Atlas Mont, which has been managed so far by OIF Atlas Mont.

That is why the bankruptcy administration of Atlas Bank, managed by Mirko Radonjic, announced this tender and asked for a new manager for the assets of the open-ended fund of the same name. The total liabilities of DZU Atlas Mont, the management companies of OIF, amounted to about 190 thousand euros.

One-third of the ownership of Montenegro Stock Exchange, the most important part of the OIF Atlas Mont, according to the last stock exchange price, is worth about 730 thousand euros. In addition to ownership in Atlas bank that has been bankrupt since the beginning of April, OIF Atlas Mont owns 29.6 percent of the company’s shares “Montenegroexpress” from Budva, a share in the CG broker-dealer and fewer shares in another 10 companies. Montenegro stock exchange, as well as the open and closed Atlas Mont fund, have been controlled by companies from Atlas Group owned by Dusko Knezevic, who is on Interpol's warrant.

The main speaker, among the authorized brokers on the stock exchange and the domestic market, was, in addition to two commercial banks, Jovovic with his broker company “Bull and Bear”. Radovic and Jovovic were once co-owners in that company, but Jovovic, in the end, paid off Radovic's ownership stake.

After a series of transactions on the stock exchange, Radovic became the largest shareholder of Atlas Hotels Group with 29% of the stake through his company “Zetagradnja”. This company owns significant properties in Bar, Petrovac, St Stefan and Podgorica. The largest shareholder of this hotel company with 75% of shares until recently was the closed investment fund Atlas mont.

Atlas Mont owes approximately 90,000 euros to employees

DZU Atlas Mont, according to the information from "Vijesti", from the sources close to the bankruptcy administration of the bank, owes mostly to the employees of that company, a little less than 90 thousand euros.

For services to two lawyers, they owe a little less than 22 thousand euros, Atlas bank in bankruptcy slightly less than 18 thousand, the Commission for the capital market 8.500 euros, while the other debt of the DZU Atlas Mont mainly refers to consulting services, small fees and other unpaid bills.

Text by Milorad Milosevic, on July 23rd, 2019, read more at Vijesti

25 Jul 2019, 02:09 AM

Scholarships for Eight Athletes in Herceg Novi in 2019/20

Scholarships for eight young athletes from Herceg Novi in the academic year 2019/20 have been awarded thanks to the established cooperation of the Municipality of Herceg Novi, Swimming Water Polo Club (PVK) Jadran and the Basketball Club Primorje 1945 with the Faculty of Management, as announced from the Municipality.

Starting from the common interest for the development of the local community and scientific research, and in an effort to expand and intensify cooperation in the field of science and sports, a protocol on business and technical cooperation was signed, which stipulates that this year the Municipality and the Faculty will co-finance scholarships for three students who are members of BC Primorje in 1954 and five students-players of PVK Jadran.

Marko Grkovic, Milos Radojkovic and Ivan Misinezovic from BC Primorje in 1945, as well as Dimitrije Obradovic, Petar Mijušković, Đuro Radović, Luka Murišić and Darko Đurović from PVK Jadran, received support through scholarships for this academic year.

"Last year we signed individual contracts with Primorje and Jadran, and this year, thanks to the initiative of the Municipality and with the desire to intensify this cooperation, we have consolidated everything into one contract. We decided to co-finance young athletes with the Municipality, as one of our ways of contributing and socially useful work, but also recognizing the need to keep talents in the city, " said the Dean of the Faculty of Management, Doc. Dr Irena Petrusic, adding that she hoped for expansion of cooperation in the coming years.

The local government sees this move as another way to support Herceg Novi clubs that have senior selections and perform in elite competitions.

"This is one of the ways to keep high-quality players in the city, young people who want to promote themselves in this city after finishing high school. Last year we had a pilot project, and now we have already established stable cooperation. This year we have eight students, and I hope that the next will be even more, and from other clubs, " said Municipal Secretary for Social Activities and Sports, Darko Klasic.

The director of PVK Jadran, Miloš Mračević, thanked the Municipality and the Faculty for recognizing the importance of education for young people who are engaged in sports in Herceg Novi, and for helping their development.

"I hope that our athletes will achieve very good academic results, in addition to top sports results, and that they will be for example at the faculty as they are in sports, and that they will lead a wave of young people who want to continue their education in their own city," Mracevic said.

In a short time, the initiative came to a great realization, because all the companion forces recognized its importance and need, added the president of the KK Primorje 1945, Željko Roganović. According to him, encouraging the parallel sport and academic development of young people is an example of good practice in Herceg Novi.

"This could be an incubator of new knowledge and a magnet for other young people to stay in Herceg Novi for academic development at the Faculty of Management," said Roganovic.

He thanked the signatories of the protocol and invited other business entities to contribute to the upgrading of this idea and to support the sport within its capabilities.

25 Jul 2019, 00:08 AM

Šavnik Working on Development of Social and Utility Infrastructure Projects

23 July 2019 - Prime Minister Duško Marković said that the working visit to the Municipality of Šavnik was successful, expressing satisfaction with the talks with President of the Municipality Mijomir Vujačić and his associates, saying that the Government will encourage the implementation of the development plans for this region.

"We had very substantive conversations on several topics. What really excites me is that the President of the Municipality and his team here have launched a series of activities that obviously change the face of Šavnik", the Prime Minister said at the end of the visit congratulating the Municipality Day, reported Public Relations Service within the Government of Montenegro.

PM Marković said that the local self-government, through its budget and in cooperation with the Government, launched a series of projects on the development of social and utility infrastructure.

Recalling the opening of new jobs, such as those opened in the Diva water bottling plant, which was put into operation, PM Marković expressed the belief that after the meeting and defined priorities on some major projects, Šavnik will continue the same pace of development.

Prime Minister Marković said that this meeting discussed the reconstruction of road infrastructure, further valorization of Šavnik's hydroelectric potential and the problem of building small hydropower plants in Bukovica. The Prime Minister noted that that the Government will give a strong impetus to the implementation of very important and realistic plans for the development of this municipality.

Earlier this week, PM Marković put into operation a new Durmitor spring water Diva factory.

Deputy Prime Minister for Economic Policy and Financial System and Minister of Agriculture and Rural Development Milutin Simović, Minister of Economy Dragica Sekulić, President of the Municipal Assembly of Šavnik Jugoslav Jakić, Vice President of the Municipality Vlatko Vuković and Chief Administrator of the Municipality Milijana Ašanin also attended the meeting.

Read more about business in Montenegro at TMN's dedicated page.

25 Jul 2019, 00:02 AM

Safe and Quality Power Supply Network Project Worth 80 Million EUR

23 July 2019 - The revitalization project of the medium-voltage and low-voltage power network implemented by CEDIS represents one of the most significant investments in the distribution system over the past several decades and will significantly stimulate positive processes in municipalities in the north, said Minister of Economy of Montenegro Dragica Sekulić, who visited the long-distance power line "Dolac" in Berane, where the reconstruction is in progress.

Minister of Economy Dragica Sekulić emphasised that she is particularly satisfied with the planned dynamics of the works and added that she believes that after implementation of this project and other investment activities of CEDIS planned for the next three years, users of the distribution system in Montenegro will have significantly better power supply, especially in the rural area, reported the Ministry of Economy of Montenegro.

Safe and Quality Power Supply Network Project Worth 80 Million EUR1

According to the three-year investment plan, CEDIS should invest about 80 million EUR in the primary and secondary network in Montenegro, of which about 50 million EUR are for the revitalization and reconstruction of the existing network, and 30 million EUR for the construction of new distribution facilities, Minister Sekulić said and added that this project is certainly the largest investment in the distribution system since the 1980s.

Read more news about lifestyle in Montenegro at TMN's dedicated page.

24 Jul 2019, 18:48 PM

Of Mice and Men at Theatre City Budva Drama Programme on 25 July

24 July 2019 - Of Mice and Men, a play based on the motives of the same short novel by John Steinbeck and directed by Dino Mustafić, will continue the drama programme of the 33. Theatre City Budva festival on Thursday, 25 July, as announced from the Theatre City Budva.Press. "Of Mice and Men" will be presented on the scene between the churches, starting at 9 pm. The show is a co-production of the Barski Ljetopis and the City Theatre from Podgorica.

Published in 1937, the novella tells the story of George Milton and Lennie Small, two displaced migrant ranch workers, that move from place to place in California in search of new job opportunities.

The title is taken from Robert Burns Burns' poem "To a Mouse", which reads: "The best-laid schemes o' mice an' men / Gang aft agley". (The best-laid schemes of mice and men / Often go awry.)

Director Dino Mustafic points out: "The novel happens in the thirties of the last century, during the period of Great Depression in America, but it can be read independently of whether we are familiar with the historical background, because poverty and difficult life of the latest social group of people is something that is always a current and significant topic.

Apart from the mentioned, in the center of the novel is the story of about the unusual friendship between George, a good and honest man, and Lennie, a great and powerful man with the mind of a young child. They make up the family, keeping each other to win loneliness and alienation, and there is also the motive of the American dream, as ubiquitous topics in American literature, but also the utopian philosophy that is close to my mind and ethics. For such an experience, it is not necessary to intervene in the literary material in order to bring the epoch closer to viewers. We live the same or worse social and political moment we recognize in our everyday life.

Of Mice and Men is a unique story that speaks touchingly about genuine friendship, the despair and hopelessness of people during the Great Depression and the collapse of the American dream, is has been told both existentialistically and emotionally. This timeless story makes this novel revolutionary for all time as it speaks of the right to life even when we are different from the majority. We are worried about the world that is being drastically dehumanised with every day and aggressive race for profit. We are becoming modern slaves, the donors of neoliberal capital that eagerly eats our fate and search for happiness, our right to dream, utopia, and a vision of a better and more just world."

Dramatization and dramaturgy are by Stela Mišković, costume design by Lina Leković and music by Tamara Obrovac. Tamara Obrovac is one of the most prominent and most versatile personalities in the Croatian music scene. She used the influence of Istrian folk music to make her musical expression, which gained her great popularity in recent years. In addition to the international concert, she holds concerts for ballet , theatre and film.

Starring Mišo Obradović, Miloš Pejović, Branko Ilić, Pavle Ilic, Vule Markovic, Marija Djuric, Dejan Djonovic and Bozidar Zuber.

24 Jul 2019, 16:51 PM

Ban on Bicycles and Electric Scooters in Tivat

The Office for Communal Affairs, Transport and Energy Efficiency for the Tivat Municipality have announced that between the hours of 7 pm and 11 pm daily, the Pine Boardwalk, Marshal Tito Street and Ivo Vizin Boardwalk will be closed to bicycles and electric scooters.

“The measure has been taken in response to an increase in the number of cycle and scooter users on the boardwalk who travel at a speed that is a real danger to pedestrians, particularly small children,” highlights the Tivat Municipality.

electric scooter

Electric scooter, photo: Pixabay

They add that they are in the process of installing vertical traffic signs specifying the ban. These will also be used by the relevant authorities in their response.

“We would, therefore, request the understanding of the users of these two-wheelers, as our primary concern is the safety of children and pedestrians, as well as that of the users themselves,” states the Tivat Municipality.

24 Jul 2019, 12:22 PM

InArt Festival of Street Performers Opens at Pine Promenade in Tivat

24 July, 2019- InArt, the fourth International Festival of Street Performers, starts at 9 p.m. tonight on the Pine Promenade in Tivat, the Tourist Organization of Tivat announced.
InArt will last until July 26, when this town, like previous years, will host numerous local and foreign artists, who come from eight different countries. Their performances will be held on the streets and squares of the town. This year Tivat will live the InArt festival through a perfect blend of different types of art on the following locations: the Culture Square, Pine Promenade, Porto Montenegro and Luštica Bay.

The InArt festival programme will be diverse, and numerous artists will be presented to the audience, where special attention is given to guests from Italy Teatro dei Venti and guests from Chile, the Italian-Chilean duo Companie Depaso, who will present their skills on the trapezoid.

The Montenegrin premiere of the "Pentesilea" of the companyTeatro Dei Venti from Modena will be held at the festival, which will bring the spirit of ancient mythology and events during the Trojan War. "In the background of the Trojan War, two figures, a man and a woman, fight in a duel and fall in love with each other. The two characters are Achilles, the bravest of all the Greek heroes and the Pentesilea, the Amazonian queen, the one who loves peace, but brings the storm, half anger - half grace. The Pentesilea is an actor's show for two beings that are half beast half human, "the organizers stated.

In addition to the mentioned performers, Peppino Marabita will be introduced as a clown with a smile on his face, and Luther Bergant as one of the few representatives of the juggling school.

"The Fire Flow of Serbia is specialized in performing with fire, so their show, full of dynamics and energy, will further warm the atmosphere at the festival”, it has been pointed out.

In the center of interest are fire and acrobatics, and Vojo Cvetanovski from Macedonia will be this year's InArt Festival ambassador.

An indispensable part of the three-day spectacle is certainly the programme for the youngest, in which, besides the performance of the Pilko Pilko troupe from Germany, Montenegrin actor Sejfo Seferović will perform in the show “Clown Business”, written by Zoran Šoškić. On the repertoire of the festival is also the play that will leave no one indifferent, Zalutali Metak - Stray Bullet by the Experimental Drama studio “Flower Children”. In particular, the InArt festival has become part of the European Festival Association, which is of great importance for both the festival and the development of cultural and tourist facilities in Tivat and Montenegro.

The organization of the festival was supported by TO Tivat, Ministry of Culture of Montenegro and NTO – National Tourist Organization.

24 Jul 2019, 12:56 PM

Tamara Radjenovic Held a Solo Concert in Kotor

Within KotorArt Don Branko’s days of music, on the platform that supports young Montenegrin artists who are educated abroad, last night in the crowded Church of St. Spirit, in the concert hall of the music school "Vida Matjan", young opera artist Tamara Radjenovic held a solo concert. In the repertoire, there were the arias of Vivaldi, Mozart, Donizetti, Bellini, and many others. Piano was performed by Djordje Nesic, who also performed two solo compositions: Nocturne in cis moll by Frederic Chopin, as well as The Suite Bergamasque by Claude Debussy. This is Tamara's first performance within the KotorArt Festival. For the encore, they performed the aria La Rosa y El Sauce by Guastavino.

Biography

Young Montenegrin opera artist and soprano Tamara Radjenovic lives and works in London. She graduated solo singing at the Royal College of Music in London in a class of 8 students. She is the first from the ex-YU territory that has been admitted to solo singing at this academy in a competition of 1000 applicants. She was also awarded a scholarship for master studies at the same academy, and from the English Ministry of Culture, she is the winner of the 'exceptional promising talent' status in the UK.

So far, Tamara has had the opportunity to perform at various national and international concerts, festivals, masterclasses in Montenegro, Serbia, Slovenia, Austria, England, Germany, Romania, Italy, Spain, Mauritius, and America.

At the end of last year, she had a debut at the Carnegie Hall in New York, where she presented herself with a solo concert to the New York audience.

Due to the high interest, and at the invitation of Carnegie Hall, Tamara will repeat the solo concert in New York at the end of this year.

In addition to performing in America, this year will have solo concerts in England, Spain, Hong Kong, Montenegro, Serbia.

Tamara was very young when she had her opera debut. She had the role of Mimi in the opera “La bohème” by Puccini at the Mediterranean Opera Studio Festival in Sicily (Italy) with the conductor Leonardo Catalano (July 2017).

The beginning of her international career is associated with the famous opera star Madam Montserrat Caballé. The young artist was chosen personally by the diva to sing at her Gala concerts in Zaragoza, Spain (in 2014, 2015).In Barcelona, she actively worked with the opera legend until her last days of life, and she had a great deal of influence in building the young artist and her singing technique. Tamara recently performed in Barcelona at the theater 'De Sarria' with renowned Spanish conductor and pianist Ricardo Estrada and was presented to the Spanish audience as the last student of Montserrat Caballé.

Tamara actively cooperates with the Russian Cultural Center "Pushkin House" in London for which she held several concerts. Her performance at the Medtner Festival and the concert in honor of the Romanov family (in 2017, 2019) are to be highlighted.

In London, she performed at Britten Theater, Amarilis Fleming Hall, starring Anne in Merry Wives of Windsor, Countess in Le Nozze di Figaro, Romilda in Serse, Helene at Midsummer night's dream.

From the concerts in the region, there should be mentioned the solo concert in the City Hall of Novi Sad last year and the performance at Kolarac Foundation in Belgrade within the opera Gala concert "World in Opera, Opera in the World" in January this year (in 2018, 2019).

At the invitation of the Cultural Center "Nikola Djurkovic", Tamara also had a solo concert in the Church of the Holy Spirit in Kotor (in 2018). At the very beginning of solo singing, she performed with members of the Vienna Philharmonic orchestra within the Salzburg Festival at the Opera Project for Youth (in cooperation with the American-Austrian Foundation and the Vienna Philharmonic). She also performed with the Prussian Chamber Orchestra in Beskov, Germany with the conductor Franck Zaher. Her beginnings were also marked by seven first prizes at national and international competitions in Montenegro, Serbia and Slovenia, as well as the Special Prize-Winner of the Festival- Laureate at the International Competition Bruna Spiler in Montenegro.

Text by CdM, on July 23rd, 2019, read more at CdM

24 Jul 2019, 12:54 PM

Declarations Signed along Bukovica: Citizens will Defend Nature

The Declarations on the Ecological State of Montenegro and the Protection of the river Tara were signed along the river Bukovica. The two declarations were signed by civil activists from several civic initiatives, actions and non-governmental organizations, which joined the struggle for the nature conservation.

At the meeting, they discussed current problems and agreed to joint action.

Participants of the meeting stated that the preservation of natural resources from any destruction must be above all divisions on any basis and the common goal of all of them.

"We must not allow ourselves not to be present where nature calls and we must be assured that we leave the descendants to enjoy what our ancestors left us. No one here is against the state, but for its preservation, because citizens can only benefit if we turn to sustainable development, and not in the way they have imagined - by killing rivers, mountains, lakes and the sea," said participants in the meeting who spoke with media representatives about improving the cooperation.

"We are signing the Declaration on the Ecological State of Montenegro and the Declaration on the Protection of the River Tara, as an act of permanent commitment to sustainable development and protection of the public interest of future generations. Civil responsibility obliges us to participate actively in the decision-making process regarding the environment, and by this act, we want to prove our love for our Montenegro, commitment to the development vision of the ecological state and the determination to preserve natural resources from every aspect of destruction and abuse. By signing these declarations, we are jointly moving to action, turning to the future and with the goal of Montenegro becoming globally recognizable by sustainable development and democratic values," the declaration says. Civic activists from almost all Montenegrin towns before the meeting with representatives of NGO “Ekološki pokret Donja Bukovica” and locals from Bukovica villages cleaned the Bukovica River basin. A letter from the cadastre office in Savnik by Representatives of the NGO “Ekološki pokret Donja Bukovica” arrived yesterday at 9 am and delivered a letter from the cadastre office in Savnik, which enabled them to access land parcel information, where the company "Hydra MNE" started preparatory works on the construction of the mini hydro power plant.

"Vijesti” announced that the head of the real estate unit of the Department of Real Estate, Milojka Stanjevic, ignored the request of the NGO “Ekoloski pokret Donja Bukovica” for a month, where they asked for information on the division of the property.

Text by Jelena Jovanovic, on July 23rd, 2019, read more at Vijesti

24 Jul 2019, 12:50 PM

Continuation of Successful Cooperation between Capital City and Montenegrin Telekom

Mayor Ivan Vukovic spoke with Montenegrin Telekom’s CEO Dina Tsybulskaya on the future joint activities and projects of city administration and Telekom.

During the meeting, Vukovic said that the capital is interested in cooperation with Telekom on all projects that contribute to the development of the city and to a higher quality of life for citizens, especially when it comes to environmental protection and Smart City solutions.

The Mayor presented to the guests the planned city administration projects in which Telekom, as a socially responsible company, could be a partner to the Capital, emphasizing that in the forthcoming period intensification of cooperation will be strengthened in order to realize concrete agreed on activities.

"Telekom's wish is to gain the title of the smart city through joint activities with the Capital, thus registering on the European map of cities that enable their citizens to experience the benefits of the digital society in practice. We will continue to cooperate with the Capital in the future because Telekom, as part of the Deutsche Telekom Group, has advanced smart solutions, standards, and expertise for transforming Podgorica into a European smart city," said Dina Tsybulskaya, executive director of the Montenegrin Telekom. Telekom and the City of Podgorica have so far implemented smart parking and a smart system for monitoring air quality and noise levels, so new projects that were discussed at the meeting were a natural continuation of good and successful cooperation, it was stated from the company.

Text by Promo, on July 22nd, 2019, read more at Vijesti

News

"Alfa Center" Promoted a Volunteering Club

Atlas Mont Fond and One-third of Stock Exchange in Hands of Radovic

Scholarships for Eight Athletes in Herceg Novi in 2019/20

Šavnik Working on Development of Social and Utility Infrastructure Projects

Safe and Quality Power Supply Network Project Worth 80 Million EUR

Of Mice and Men at Theatre City Budva Drama Programme on 25 July

Ban on Bicycles and Electric Scooters in Tivat

InArt Festival of Street Performers Opens at Pine Promenade in Tivat

Tamara Radjenovic Held a Solo Concert in Kotor

Declarations Signed along Bukovica: Citizens will Defend Nature

Continuation of Successful Cooperation between Capital City and Montenegrin Telekom

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