Termination of the contract for Hotel As in Petrovac

hotel as perazica doTermination of the contracts for Hotel As in Petrovac , Institute Simo Milosevic in Igalo and Hotel Planinka and Lake In Zabljak .Council for Privatization and capital projects propose the termination of the contract for the privatization deals of hotels “As in Petrovac ,Perazica valley” as well as the center for recreation and rehabilitation Simo Milosevic in Igalo , hotel Planinka and Lakes in Zabljak.

Councils proposed a termination of contract for hotel As in Petrovac, Perazica Valley and the Center for rest, recreation and rehabilitation in Igalo , whose privatization is carried out through the sale of equity.

Russian-Montenegrin company” Njega Tours” bought in May 2002, the hotel for five million German marks with the obligation to open it a year later . The contract was supposed that Russians invest 22 million German marks in the renovation of the Hotel As and its infrastructure until late 2003¬†and bring it to the level of 4-star with the conference center and casino .

Secretary of council, Alexander Ticic, announced that, based on the results of analysis of privatization contracts in the area of tourism, agreed to contracts for Hotels Planinka and Lakes, which are privatized in bankruptcy, unilaterally terminate due to failure of investment commitments, reports MINA-BUSINESS .

It was also agreed that the contract for the Hotel Zabljak, who was also privatized in the bankruptcy proceedings, remains in force, because we have information that will be open for a month,said Ticic after session.

He added that for Ulcinj hotels Galeb and Mediteran proposes annex the contract, which will be precisely defined rights and obligations, because in these cases showed that the local government had not fulfilled its obligations.

Councils proposed a termination of contract for hotel As in Perazica valley and the Center for rest, recreation and rehabilitation in Igalo , whose privatization is carried out through the sale of equity.

It was agreed that the Government proposes termination of the contract on a long-term lease of land for Lustica peninsula with the British company Nord Star Capital , unless the first June 2013 is not fulfilled its obligations, “said Ticic.

He said that for Ulcinj Hotel Jadran proposed annex to the agreement with the Montenegro group, which would define the dynamics of the investment commitments, with precisely defined termination of contract.

In this case, the fault was with local government, explained Ticic.

He said that the working team for review of privatization contracts in the field of tourism, which was last month formed by the government , did an analysis, while the facts and possible damage to the state to be determined in further proceedings.
Privatization Council has made a decision to form a working team for review of other privatization contracts , and to declare unsuccessful tenders for the Institute “Simo Milosevic” in Igalo, News Pobjeda and New Tobacco Conglomerate (NDK).

 

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