Concession

Montenegrin Government Takes Tough Line on Harmful Hydropower Plants

On February 7, the Montenegrin government said they terminated concession contracts for seven hydro plants in the northern part of the country, stressing that five of the investors already filed lawsuits against the state. The Government said they will have to pay compensation to investors, accusing former authorities of making spontaneous hydropower construction planning.

Government signs 57.5-million-euro deal for Alimos marina

The 57.5-million-euro concession agreement to use and exploit the marina of Alimos, in southern Athens, for a duration of 40 years was signed on Wednesday with Aktor Concessions.

The value of the agreement amounts to at least 177 million euros, including an up-front fee, an annual concession fee and a revenue-sharing expressed as a percentage of the marina's annual turnover.

Eldorado Gold seeks a new plan

Eldorado Gold is seeking to make substantial changes to the contracts for the mines in Halkidiki, while searching for a strategic investor that will help share the cost of an investment plan that is proving too expensive for the Canadian company to undertake on its own.

The Parliament Authorised Minister Angelkova to Conclude Concession and Lease Contracts for Beaches

The Parliament has authorised the minister of tourism to conclude concession and lease contracts for beaches. This was decided by the MPs with the adoption of amendments to the Concessions Act on second reading, Focus News Agency reports.
Concessions on sea beaches will be executed under the Black Sea Coast Planning Act.

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