ADVERTISEMENT

TriGránit prepares for €2 bln tourism development in Montenegro

Food

Hungary's TriGránit Zrt, one of the biggest construction companies in the region, is preparing to make greenfield tourism developments in Montenegro worth as much as €2 billion, more than country's annual GDP, MTI reported on Friday.

TriGránit president Sándor Demján met with Montenegro's Tourism Minister Predrag Nemezic on Thursday to discuss the plans, which involve building quality accommodations along the country's coast in order to expand the tourist season to nine months. The project could result in the creation of as many as 10,000 new jobs.
Some of TriGránit's biggest owners have also shown interest in the country apart from their holdings in TriGránit. Peter Munk of Barrick Gold Corporation and Trizec Properties, who holds 20.29% of TriGránit, has made a €3.2 million offer for the Arzenal battle ship repair port in Montenegro, and Nathaniel Rothschild, who owns 15% of TriGránit, has made an offer to build a tourist complex in the country.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.