Đeljošaj claims that the Government did not try to reach an agreement with the Adriatic Properties company outside of the arbitration process.

Deputy Prime Minister of Montenegro and Minister of Economic Development Nik Đeljošaj claims that the Government and the company "Adriatic Properties", the lessee of Sveti Stefan, did not try to reach an agreement to temporarily open an exclusive resort, outside the arbitration proceedings being conducted before a court in London, stating that doing so would cause long-term damage to the state.

He said in the show "Sunday in the Rearview Mirror" on Television Vijesti that he had informal meetings with representatives of that company, but only to try to reach an agreement to open the hotel under the conditions defined in the lease agreement.

Đeljošaj believes in a positive outcome of the court proceedings before the Court of Arbitration in London, in which a decision is expected by the end of the year.

"Freezing the agreement would mean an additional risk for the state of Montenegro, if the decision, even according to our request, which will be known when the arbitration is completed, what our request was as the Government of Montenegro, is not reached by 2027. Because we have already had one postponement. I do not think that was in the interest of the state of Montenegro. The interest of the state of Montenegro is to open a hotel, but not under conditions that are not defined by the contract. The intention of the agreement we are talking about tonight, which the media talked about and somehow tried to put pressure, perhaps on me to sign it, was for us to sign everything that we sued before the Court of Arbitration for," said Đeljošaj.

He said that it was possible that this was the intention of "Adriatic Properties".

"This is something that I absolutely did not agree to and will not agree to," said Đaljošaj.

When asked by the show's editor and host Tatjana Ašanin, "is it true that you agreed on something at one point and that someone from Adriatic Properties even signed it," Đeljošaj said, "I don't know."

"I never negotiated that agreement, nor did it occur to me to sign it as such, because I would jeopardize the state's interest. I think I would do enormous damage to the state of Montenegro in the long run. Guaranteeing exclusivity now with some agreement on a partial settlement, and because of that we are at the tribunal where 250 million is being demanded from us, that is impossible to do," said Đeljošaj.