According to Serbian Economist, Alcazar Energy, an international company operating in Serbia, among other countries, intends to increase its investment in Montenegro from the previously planned $200 million to $500 million, co-founder and managing partner Daniel Calderon said in an interview with the media.
According to Calderon, the company will begin construction of the 118.8 MW Bijela wind farm in the first quarter of 2026. The investment in the project will amount to about $200 million.
“We are preparing the site and purchasing equipment — this is a large and strategically important project. But this is only the first part of our investments in Montenegro,” Calderon said.
He added that over the next five years, the company’s investments could grow to half a billion dollars, and the total investment in the development of renewable energy sources in Montenegro could reach $4-5 billion by 2040.
“We expect that about 10% of these investments will go to Alcazar Energy projects, and these will be the first steps in a major energy transformation of the region,” Calderon said.
According to him, the company is considering the possibility of implementing several additional projects in Montenegro, but the details are not yet disclosed.
At the EU-Montenegro conference, 14 joint projects with European companies were presented, half of which are related to investments in wind farms, solar parks, and energy storage systems.
Alcazar Energy is an international company specializing in the development, construction, and management of renewable energy facilities.
Founded in 2014, it is headquartered in Dubai (UAE). The company is active in the MENAT region (Middle East, North Africa, Turkey) and the Balkans.
Its key projects include wind farms and solar power plants in Serbia, Jordan, Egypt, and Turkey. Alcazar recently began construction of the largest wind farm in the Western Balkans in North Macedonia.
Source: https://t.me/relocationrs/1587
According to the Serbian Economist, Montenegro is negotiating with the Hungarian low-cost carrier Wizz Air to create an aviation hub in the country, which will allow the launch of up to 20 new international destinations from Podgorica and Tivat.
This was announced by the Minister of Transport and Maritime Affairs of Montenegro, Filip Radulovic, in an interview with Boka News.
According to the minister, the parties are “in the final stage of negotiations” and the final agreement could be signed in the coming weeks.
“The establishment of a Wizz Air hub in Montenegro will be a significant step to increase the country’s transport accessibility and strengthen its position on the European tourist map,” Radulovic said.
Wizz Air is expected to deploy up to three Airbus A320/A321 base aircraft in Podgorica, which will create hundreds of new jobs and increase passenger traffic by 30-40% in the first year of operation. Among the new destinations considered are flights to Italy, Germany, Poland, France, Sweden, Czech Republic, Hungary and the UK, as well as to several cities in the Balkan region.
The Ministry of Transport emphasizes that increasing the number of direct flights will boost tourism and business contacts, as well as expand opportunities for the Montenegrin diaspora and export of local products to EU countries.
“This is not just an aviation project – it is an element of a long-term strategy to turn Montenegro into a regional logistics hub between Central Europe and the Adriatic,” Radulovic said.
According to experts, the opening of Wizz Air hub can increase the number of air passengers in Montenegro from the current 2.3 million to 3 million people per year, as well as attract additional 200-300 thousand foreign tourists annually.
In addition, it will allow the country to strengthen ties with major European capitals and increase the sustainability of the tourist flow, which today is highly dependent on seasonality.
https://t.me/relocationrs/1569
According to Serbian Economist, the largest resort hotel project in the region, Carine Resort in Baosici, is being built in Montenegro and will welcome its first guests in June 2026.
The new 5-star resort will include about 800 rooms on the coastline in Baosici, municipality of Herceg Novi.
The infrastructure will include restaurants, a wine boutique, a beer garden, an à la carte café, indoor and outdoor swimming pools, a ~1,000 m² spa center, an event hall for 500 people, an entertainment area, and an indoor park.
The opening is scheduled for summer 2026.
The project is positioned as the largest in Montenegro and the region, making it a significant bet on strengthening the country’s tourism potential.
In 2024, the country welcomed 2,606,854 tourists, who made 15,594,299 overnight stays. At the same time, 96.1% of overnight stays were made by foreign tourists.
The main countries of origin of tourists are Serbia (23.5%), Russia (18.3%), Bosnia and Herzegovina (8.4%), Turkey (4.9%), Germany (4.7%), Ukraine (4.3%), and the United Kingdom (3.8%).
Source: https://t.me/relocationrs/1513
According to the Serbian Economist, Montenegrin President Jakov Milatovic said that the country’s migration policy should be revised, emphasizing that the influx of foreigners has made housing and rent unaffordable for Montenegrin citizens. According to him, the real estate market is overloaded, and young Montenegrins are deprived of the opportunity to rent housing and combine study with work, Adria TV reported.
“Because of the large number of foreigners, a square meter of housing has become a luxury, rent has increased many times, and young people who could work, including while studying, have been left without the opportunity to earn for themselves and their families. It’s time to change the approach: first jobs and apartments for our citizens, and then open doors for foreigners,” said Milatovic.
He emphasized that migration policy should be “responsible and fair”, and the priority is to provide housing and jobs for locals and create conditions for the return of those who have gone abroad.
After 2022, Montenegro faced a marked increase in the number of foreigners, which sharply increased housing and rental prices. This was especially felt in Podgorica, Budva and seaside regions.
In the case of stricter rules of stay and rent, foreigners living in Montenegro are likely to look for alternatives in neighboring countries:
– Serbia is the most likely destination. The country is distinguished by its lenient migration legislation, proximity, common language space and developed infrastructure for foreigners. Belgrade, Novi Sad and Nis have already become centers of attraction for migrants, especially from Russia, Ukraine and CIS countries.
– Bosnia and Herzegovina is also attractive for migrants because of low housing prices, although it is much less developed in terms of infrastructure and labor market.
– Croatia – as an EU country remains an option, but high real estate prices and visa restrictions make it less accessible.
Thus, the most real “beneficiary” of a possible tightening of migration policy in Montenegro will be Serbia, where large migrant communities have already formed and where the authorities are interested in attracting foreigners to stimulate the economy.
According to the results of the 2023 census, there were 122,744 immigrants in Montenegro, i.e. people who lived outside the country for at least a year and later returned or resettled.
Of these, 35.3% were citizens of foreign countries (≈ 43,268 people).
Among the countries of origin of immigrants:
– Serbia – 45,000 persons;
– Russia – 15,000 persons;
– Germany – 7,000 persons;
– Ukraine – 3,000 persons.
In the municipality of Budva in 2023 among the inhabitants were 14 % of Russians and 4 % of Ukrainians.
https://t.me/relocationrs/1469
According to Serbian Economist, the body of Ukrainian citizen Oleksiy Polyakov, who disappeared on September 12, has been found in Montenegro. According to unofficial information, he was found near his car in the area of the Praskvica monastery.
The police and official authorities have not yet provided detailed comments.
The police reported that the lifeless body of a man, presumably Polyakov, was found near the monastery.
The mother of the missing man, Olena Polyakova, appealed to Montenegrin Interior Minister Daniel Sharanovich and the police chief to use all available resources to investigate the case. She also stated that $26,000 was withdrawn from her son’s bank account shortly after his disappearance.
According to media reports, the preliminary version of the investigation is considering the possibility of a crime, but there is no official confirmation yet.
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