The medieval castle of the city of Budva, dedicated to Saint Mary, better known as the Citadel, the most monumental building within the Budva city walls and a cultural monument, is mortgaged by the First Bank for a loan of three million euros - "Vijesti" discovered after checking the data in cadastral records of the Real Estate Administration of Montenegro.
The medieval fortress, the former pride of the city, which 15 years ago due to a strange set of circumstances passed from the ownership of the Yugoslav Army and the Municipality to private hands, i.e. businessman Branko Ćupić, now has a new owner.
And while until a year ago Cidatela was registered with the company "Imobilija", founded by Ćupić, the new owner who is registered with 3.398 square meters of the most attractive property in the heart of the Old Town is Milorad Suzić from Zemun, unknown to the wider business community.
Although it was speculated last spring that Citadel was bought by Serbian businessman Milan Beko, this was never confirmed, but there was a change of ownership in the Real Estate Administration.
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