Hungarian investors target Montenegro
Hungarian companies are planning investments in Montenegro reaching EUR 10bn, Montenegro's Economy Minister has said
Monday, 14.05.2007.
15:17
Hungarian investors target Montenegro
Gvozdenović mentioned Hungarian companies OTP Bank, Magyar Telekom, MOL, Hungarian Aluminium (MAL), Ganz and TriGranit.Industrial technology company Ganz is supposedly interested in upgrading dockyards at Bar, MAL is bidding for a concession to mine bauxite, as MOL wants to make a joint venture with state-owned oil company Montenegro-bonus or alternatively buy the company.
MOL Executive Vice President for Business Strategy and Development Lajos Alac says the company was also interested in searching for and exploiting oil and gas reserves in Montenegro and in electric power production.
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