Latest News from Montenegro

Bulgaria's Troubled Corpbank No Longer A Bidder for Hypo Alpe Adria

Advent International and a Bulgarian-Russian consortium headed by businessman Denis Barekov are reportedly the key bidders for nationalized Austrian bank Hypo Alpe Adria.

The bank, which Austria nationalized in 2009 to prevent its collapse, is to sell its Balkan network by mid-2015 at the behest of the EU Commission.

Montenegrin Consulate to open in Sremski Karlovci

PODGORICA - The government of Montenegro made a decision to open consulates in Sremski Karlovci, northern Serbia, and Istanbul, Turkey.

According to the government, the Vojvodina city of Sremski Karlovci offered the best financial and logistic conditions for the consulate's location, Montenegrin internet portal CDM reports.

Time Runs Out for Montenegro's Oldest Newspaper

Montenegro’s Tax Administration on Friday will file a petition to declare Pobjeda bankrupt as the state has been unable to collect taxes owed amounting to about 1.15 million euro.

Once a newspaper with a circulation of tens of thousands, Pobjeda has faced serious financial problems over the past ten years - along with a lot of the print media.

Serbia Still Gathering Evidence to Charge Kosmajac

Serbian police chief Milorad Veljovic said law enforcement bodies in Serbia were gathering evidence about the alleged drugs baron Dragoslav Kosmajac, before a warrant can be issued for his arrest.

Nimetz Upbeat on Fresh Macedonia 'Name' Talks

“This time I expect substantial progress at the meetings with the leaders in Skopje and Athens,” UN mediator Nimetz was quoted as saying in an interview for “Voice of the People,” a Macedonian TV magazine.

Nimetz will visit Skopje on Monday and Tuesday to meet Macedonian leaders, after which he will travel to Athens, a UN press release explained.

Waterpolo-Serbia reaches European Champs semifinals

BUDAPEST – Serbia is through to the semifinals of the 2014 Men's European Water Polo Championship in Budapest after beating Greece in the quarterfinals 13-9 (3-2, 4-3, 4-2, 2-2) late on Wednesday.

Montenegrins Want an End to 'Nine-to-Five'

The Montenegrin government is to discuss an initiative to change the working hours of the public sector at a session on Thursday.

Instead of working from nine to five, the country's more than 60,000 public employees could start to work at 7am instead.

Officials arrested in new corruption case

Officials arrested in new corruption case

NIŠ -- The director of the Business Association NISSA A.D. and a tax inspector of the Niš Tax Administration in Aleksinac have been arrested.

The police in the southern town of Niš are holding them in 48-hour detention.

Djukanovic Faces Grilling Over Journalist's Death

Montenegro's Prime Minister faces an imminent grilling by the judicial authorities after the Supreme State Prosecutor on Tuesday said Milo Djukanovic would "soon" be questioned as part of a reopened investigation into the 2004 murder of a journalist.

Police arrests in Nis

NIS - The Nis police arrested on Wednesday the director of Business Association NISA A.D. from Nis and the tax director of the Nis Tax Administration from Aleksinac, remanding them in 48-hour detention.

Montenegro to Return Suspected Drug Gangster to Serbia

Dragoslav Kosmajac faces a speedy to return Serbia this week after the Montenegrin police arrested and interrogated him on Monday in the coastal town of Kotor.

Media reports said that Kosmajac would be extradited to Serbia because he is “not welcome” in Montenegro.  

Basescu: We are interested in redefining NATO-Russian Federation relation

President Traian Basescu on Tuesday said that Romania had eight priorities concerning the forthcoming NATO Summit taking place this September, one of these envisaging the redefinition of the relation between the Alliance and the Russian Federation.

Montenegro Earns More From Arms Sales

Montenegro’s annual national report on the weapons trade said the country exported arms worth around 6.5 million euros over the last year, a 30-per-cent increase in value in comparison to previous years.

Balkan Drug Lord Dragoslav Kosmajac Arrested in Montenegro

Balkan drug lord Dragoslav Kosmajac has been arrested in Montenegro's Kotor.

On Monday night, he was questioned by local investigative authorities, according to reports of the BGNES news agency.

Kosmajac has been described as "Serbia's biggest drug dealer" by Serbian Prime Minister Alexandr Vucic.

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