Hungarian companies planning investments of 10 bln eur in Montenegro |
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Mon, 14 May 2007 10:48
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BUDAPEST (Thomson Financial) - Hungarian companies are planning investments in Montenegro reaching 10 bln euro, said Montenegro's Economy Minister Branimir Gvozdenovic, according to Hungarian news wire MTI.Gvozdenovic, leading a trade delegation to the Hungarian capital last Friday, made his remarks following a meeting with his Hungarian counterpart Janos Koka.Gvozdenovic mentioned Hungarian companies OTP Bank, Magyar Telekom, MOL, Hungarian Aluminium (MAL), Ganz and TriGranit.Industrial technology company Ganz is interested in upgrading dockyards at Bar, MAL is bidding for a concession to mine bauxite and MOL is thought to be interested in a joint venture to be set up with state-owned oil company Bonus.The minister added that building company TriGranit has proposed a property development on 2,000 hectares at the seaside worth several billion euros.edward.krudy@thomson.comek1/ejpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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RPT Hungary's MOL bid for Montenegro oil firm Bonus not seen as 'significant' 