Press conference following 3rd session of Council for Privatisation and Capital Projects

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    Podgorica, Montenegro (24 April 2014) – Following the meeting of the Council for Privatisation and Capital Projects, Deputy Prime Minister for Economic Policy and Financial System Milutin Simović and Minister of Transport and Maritime Affairs Osman Nurković gave press statements regarding the privatisation of the Montenegrin company Luka Bar… Press conference following 3rd session of Council for Privatisation and Capital Projects

    Podgorica, Montenegro (24 April 2014) – Following the meeting of the Council for Privatisation and Capital Projects, Deputy Prime Minister for Economic Policy and Financial System Milutin Simović and Minister of Transport and Maritime Affairs Osman Nurković gave press statements regarding the privatisation of the Montenegrin company Luka Bar.

    Minister Nurković highlighted that the offer for acquisition of a 30% state-owned stake in the company does not correspond with national interests of Montenegro and that the main goal of the privatisation cannot be achieved.

    Speaking about the importance of the decision, DPM Simović said that it does not mean giving up the privatisation of the company and does not imply consent to those who were chasing away investors and obstructing development, he underlined.

    “Luka Bar has the potential to become a regional transport hub and today’s decision reaffirms the Government’s strong commitment to pursuing that goal. Proper valorisation of this resource will create preconditions for the establishment of an important transport route, not only for the Western Balkans, but for the entire region of Southeast and Central Europe as well. The decision is also aimed at raising the level of competitiveness of the Luka Bar and creating preconditions for keeping existing jobs and creating new ones,” DPM Simović pointed out.

    Source: Government of Montenegro