Radović resigned from the Board of Directors of Luka Bar

The professor of the Faculty of Economics stated in his resignation that he will not comment on the reasons, but that they are conditioned by the current events in the Port of Bar

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Resignation submitted yesterday: Milivoje Radović-, Photo: Private archive
Resignation submitted yesterday: Milivoje Radović-, Photo: Private archive
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Teacher Milivoje Radović he resigned from the Board of Directors of Luka Bar, "Vijesti" learned from a source from that company.

Radović is a professor at the Faculty of Economics in Podgorica, of which he was also the dean, and he also held the position of a member of the Council of the Central Bank of Montenegro.

He resigned yesterday and informed the President of the Board about it Slađan Perišić.

"I am informing you that I am submitting my irrevocable resignation from membership in the Board of Directors of Luka Bar. I will not comment on the reasons for the resignation, but they are certainly conditioned by the current events in the Port of Bar, as well as the results of operations in the last year," reads Radović's resignation, which "Vijesti" has access to.

"Vijesti" was unable to get in touch with Radović yesterday.

The source of "Vijesti" from this state-owned company said that the company ended last year with a positive financial result of 700.000 euros, and indicated that the company has problems due to current events in the Free Zone of the Port of Bar.

Cigarettes worth several million euros have been stolen from a warehouse in the Free Customs Zone since the end of last year, causing damage to the state budget.

Executive Director Luka Bar Ilija Pješčić In mid-February, he told "Vijesti" that the state-owned company operates stably, regularly settles all obligations to the state and suppliers, and that their business plan for this year is related to the announcements of business partners and their transshipment, and he singled out concentrate transshipment as the most important business. copper and bauxite mines.

The company's total revenue last year was around 11.880.000 euros. The Port of Bar ended both 2019 and 2020 with a positive result - a profit. In 2019, a profit was made in the amount of 930.506 euros, with total revenues amounting to 10.351.266 euros, and expenses 9.420.760 euros. In 2020, a profit was realized in the amount of 1.108.154 euros, with total revenues amounting to 10.975.459 euros, and expenses 9.867.305 euros.

In addition to Radović and Perišić, the Board of Directors also includes Savo Vujosevic, Milorad Krgović i Aleksandar Lekić.

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