Montenegro Press Review – September 11, 2014

Press Review
11 Sep 14

Montenegro Press Review – September 11, 2014

New owner of the Aluminum Plant Podgorica, KAP, has paid only 4 million out of 28 million euros. Cyclone brings heavy storm. German government pledges strong support to accession process of Western Balkans.

Owner of the Montenegrin company Uniprom, Veselin Pejovic, paid on Wednesday four million for the Aluminium Plant Podgorica, KAP, while the remaining 24 million will be provided by the guarantees for the loan in the Paribas bank. Pejovic said that the rest of the money will be operational after a court epilogue in Nicosia in the dispute of the former plant’s owner, Russian company CEAC, against KAP. The bankruptcy trustee Veselin Perisic said earlier that Uniprom deadline for payment expired on Wednesday.

Cyclonic activity, which is coming towards Slovenia and Croatiain from the Western Europe, will create unstable weather conditions in Montenegro in the upcoming days. In the next three days the weather in the country will be unstable, followed by downpours and thunderstorms. Heavy rain is expected on the coast. By the end of Thursday and during the night the unstable weather with rain, showers and thunderstorms is expected in all areas of Montenegro.

Montenegro’s Prime Minister, Deputies anf Economy Minister hosted on Wednesday German Minister for Federal, European and International Affairs Peter Friedrich. After the meeting with Montenegro’s Prime Minister Milo Djukanovic, Friedrich pointed out the strong support of his government for the integration process of the region and welcomed Montenegro’s track record in that regard. The two officials concluded there is considerable scope for cooperation between Montenegro and the province of Baden Wuerttemberg, especially in terms of small and medium business, energy, sustainable development, training programmes and strengthening of administrative capacity.

Source: Balkan Insight (Montenegro)