2020 Privatization Plan for Montenegro

The Privatization and Capital Projects Council (The Council) was identified the new 2020 Privatization plan for Montenegro. According to this plan, only method of classic privatization will be covered in the current year. In order to increase the competitiveness and efficiency of companies, stimulate foreign investment and entrepreneurship in all areas, increase the number of employees and improve living standards, the privatization plan for the current year will include privatization through sale of shares or recapitalization, sale of real estate through public tenders and sale through the stock exchange.

Among these privatizations, a public tender for the privatization of the hotel group “Budvanska Riviera” AD Budva is planned for this year as well, by selling shares after the restructuring.

The Council did not accept the Report of the Tender Commission for Privatization of the Institute of Physical Medicine, Rehabilitation and Rheumatology “Dr Simo Milosevic” JSC. The Council tasked the Tender Commission with the decision to declare the tender unsuccessful, as well as to prepare activities for the publication of a new tender for the privatization of this company.

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