Montenegro Press Review – December 25, 2014

Press Review
25 Dec 14

Montenegro Press Review – December 25, 2014

Resigned Intelligence chief does not want to be advisor to President; army owes 215,000 to municipal waterworks; Montenegro gets two new banks.

Montenegrin President Filip Vujanovic offered the former head of the National Security Agency, Boro Vucinic, position of adviser on defense and security immediately after his resignation, Vijesti learns. Vucinic declined it although he does not have any offers for the seat in the Montenegro’s government.

After nine years of dispute, the Court of Appeal ruled in favor of a public company Waterworks form the coastal town of Herceg Novi, in the case against the Army of Montenegro. It was decided that the army is obliged to pay to the water company debt with an interest rate of around 215,000 euros.

By the end of January, two new banks will begin to operate in Montenegro – Zapad i Gora. Zapad Bank is formed by the Ukrainian capital, and behind Gora Bank stands the consortium from Switzerland and the United Kingdom. The Central Bank of Montenegro has completed the verification process and approved the license for these two banks and a micro financial organization backed by the domestic capital.

Source: Balkan Insight (Montenegro)