The mayor of Budva, Marko Bato Carević, left the million-dollar business and the company "Carinvest", which he founded two decades ago, and which in recent years was successfully involved in construction, construction of traffic roads, catering, but also agriculture and livestock, transferred it to his elder son Milan.
This is written in the latest extract from the Central Register of Business Entities, which "Vijesti" had access to, and in which, since October 22, Milan Carević is listed as the founder of the company.
The name of Marko Carević, who had been listed as the founder of a successful company for 20 years, was deleted, and with that the mayor of Budva formally excluded himself from that company, whose affairs had caused him headaches since he became the first man of Budva, because political opponents often accused him for a conflict of interest and that he favors his company in certain municipal investments, which he has always denied.
The elder Carević managed "Carinvest" until the end of December 2018, when he handed over the position of executive director to his son Milan, because from January 2019 he sat in the chair of the president of the Municipality of Budva.
Since then, Milan has been registered as the executive director, while the elder Carevic acted as the founder until last week, when the younger Carevic took over the entire company.
"Carinvest", registered for road freight transport, has a series of good business years behind it. In 2016, the company's total revenues were 4.139.114 euros, expenses 3.866.804, the profit was 247.799, while the total capital was 4.742.607 euros. The following year, revenues amounted to 6.166.087, expenses 5.193.555, profit 911.551, and the total capital amounted to 6.027.198 euros.
In 2018, "Carinvest" earned 6.501.555, expenses amounted to 5.522.896, profit 883.825, while the total capital was 6.911.023 euros.
The best result of Carevic's company was in 2019, when it earned 7.660.365, total expenses were 5.977.447, while its profit was 1.528,770.
Although last year's profit was 200 thousand less than in 2019, "Carinvest" can boast that it increased its assets by two million compared to 2019 and is now valued at 16,2 million euros.
The company's revenues were 6,4 million euros, while operating expenses were 5,2 million euros.
Huge assets are registered with "Carinvest" - the company has a dozen business premises, apartments and garages, warehouses in Budva, Krimovica and Zlatibor.
In Budva, he is the owner of business premises of 57 and 116 square meters, a garage of 16,12, 13 and 54 square meters, apartments of 311, 129 and 94 square meters, as well as an apartment of 233 square meters in Zlatibor, commercial buildings of 111 and XNUMX square meters in the locality Under Bregove in the municipality of Kotor.
The company also owns a huge land complex in Grahovo in Nikšić of 55 square meters.
"Carinvest" is also the owner of a large agricultural farm in the Grbalje village of Krimovice - a complex of stables, dairies, production facilities, and a luxury restaurant.
The Network for the Affirmation of the Non-Governmental Sector (MANS) reported back in February of last year that the agricultural farm was built on usurped state property, and that despite the report, Tsarević's company continues to build illegally. Tsarević emphasized on several occasions that he did not usurp the land, that it was land that always belonged to his family, but also that everything that was done on that site was in accordance with the law and procedures of the state.
In the local elections, Tsarević led the coalition for the future of Budva, which also bore his name, and achieved a convincing victory with 42 percent of the votes.
Despite this, Tsarević's new mandate was marked by a political war with the Democrats, but also with part of the coalition he led, who insist that he step down from office.
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