Montenegro - Media Review – November 25

VIJESTI

- The managements of MIG and Trend Montenegrin investment funds, founded during the voucher privatisation in 2001 and 2002, have scheduled for December 18 shareholders’ meetings to decide on the funds transformation into joint stock companies for real estate management, the daily said. Montenegrin's main brokerages consider this as an attempt by the Slovenian investors, who control the two funds, to export the money they gained from the sale of stakes in power utility EPCG. MIG received 17.49 million euro and Trend 27.7 million euro from the sale.

RTCG

- Germany has invested 200 million euro in Montenegro in the past ten years and in the coming period will continue to support various energy and tourism projects, German government officials said.

- A Montenegrin-Austrian group will prepare a feasibility study on the Komarnica hydro power plant project in Montenegro as part of a memorandum of understanding between Montenegro’s Economy Ministry and Austria’s Ministry for Transport, Innovations and Technology, the Montenegrin government said.

($=0.6655 euro)