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MONTENEGRO SUGGESTS THE RUSSIAN COMPANIES TO PARTICIPATE IN PRIVATIZATION

				
				
				
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MONTENEGRO SUGGESTS THE RUSSIAN COMPANIES TO PARTICIPATE IN PRIVATIZATION
THE ENTERPRISES IN COST FROM ABOVE 4 MLRD DOLLARS
      Moscow, on July, 3rd. A/PRIME-TASS/. A part of Yugoslavia
Montenegro suggests the Russian business circles to take part in
Privatisations of the enterprises by total cost over 4 mlrd doll,
The prime minister of Republic Montenegro Lovely has declared the PRIME-TASS
Dzhukanovich.
     It has arrived to Moscow for discussion of possibility of an intensification
Trade and economic relations with Russia.
      M.Dzhukanovich has told, that Montenegro now
Finishes privatisation of the average and large enterprises and
Counts on involving in this process of the Russian
The state and commercial structures from what the last had
Considerable benefit.
      The Russian side is offered to participate in upgrade
The airports, railway transportation, seaport the Bar,
The biggest on a southern part of Adriactic Sea, building of the highway
Roads, including a motorway Belgrad-bar.
       The serious rate becomes on attraction of the Russian
Investors for participation in building of the new tourist
Objects, including around sea coast of Montenegro -
Cost of the project 2,5 mlrd dollars
     M.Dzhukanovich has expressed satisfaction that fact, that on the market
Montenegro already there were such authoritative Russian structures, as
Oil company "Lukoil" and bank MENATEP. "Lukoil" co-operates
With the Montenegro state oil company "Jugopetrol -
Kotor "and even intends to base from it the joint venture in London, and MENATEP
Carries on negotiations with Agency on transformation of an economy and
To foreign investments on purchase of aluminium combine and
To building of several hotels at coast of Adriatic sea.
      The Prime minister has noticed, that Montenegro, as free
The economic and developing territory, gives the right
Russian legal and to physical persons to establish the companies,
To work and undertake the international business transaction at
Tax and other privileges. The investor, for example, after payment
Tax obligations in Montenegro have the right, at the defined
Conditions to take out the capital abroad.
       In Montenegro all preconditions for the free are created
Transactions on the stock exchange, free privatisation funds, banks,
Corporations and others market uchrezhdenij. - 0 - bs/oa
//* an information Source: the Prime-TASS, 3.07.97
//* Reg. Nom. - 6070700062.30-------------------------------------------