Abazović: The goal of the sale of state shares of Budva Riviera is to increase the company's income

"If we can come up with a business model to increase their quality, to do work that will bring enormous income to them and thus to the state, that is the only interest."

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Photo: Vuk Lajović

Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Ivan Ivanovic

10.01.2023. 14:17h

Prime Minister Dritan Abazović stated, commenting on the Government's plan to sell shares in HG "Budvanska Riviera" next year, that the goal is to create a company that will generate significantly higher revenues than they are now.

"If something was included in the privatization plan, it was not said that it would go to waste... Not a single hotel that they manage now has five stars. If anyone thinks that the development of tourism in Budva is that 39 euros should be a half-board in Slovenska beach, on the foam of the sea, in a city that brings half a billion euros to tourism, they are not in agreement with what I think," Abazović said today, during his visit to Plantaže on July 13.

He considered it unacceptable that HG "Budvanska Riviera" with all its capacities has an income, as he stated, at the level of a better hotel on the coast.

"If we can come up with a business model to increase their quality, to do work that will bring enormous income to them and thus to the state, that is the only interest," said the Prime Minister.

He emphasized that the "priority of all priorities" is for the state to acquire 100 percent of the shares of "Luke Bar".