Podgorica, (MINA-BUSINESS) – According to Montenegro Stock Exchange, it is of great importance for the Montenegrin capital market to have the companies such as Lustica Development and the Port of Kotor listed on the stock exchange, because of their great impact on the development of tourism industry.
“Lustica as a foreign-owned company, which is building one of the most exclusive tourist settlements on the Adriatic coast, and Port of Kotor is the gateway to Montenegro an increasing number of tourists goes through every year,” says a press release issued by Montenegro Stock Exchange.
Representatives of Montenegro Stock Exchange, Lustica Development and the Port of Kotor met today to discuss their successful cooperation and the improvement of corporate governance.
Montenegro Stock Exchange reminds that the potentials and strategic development of the Port of Kotor are geared towards passenger transportation, cruise ships and nautical tourism.
Lustica Development is a branch of Orascom Development Holding AG, involved in the development of a fully integrated tourist destination, and committed to creating and managing a healthy and sustainable environment of the resort.
“Lustica is running a construction project on a land area of about 6.9 million square meters, located in the Trast Bay along the Lustica peninsula. Lustica Development JSC is listed on the Montenegro Stock Exchange,” the press release says.
The meeting focused on further development of the Montenegrin capital market, aimed at overcoming the challenges it was faced with.
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