Giving Away Company to International Partner
The Montenegrin government has sold a major maritime company “Kontejnerski terminal i generalni tereti“, which is based in Bar and is engaged in transshipment of cargo containers and general cargoes, to the Turkish investor significantly below its real value.
The case study shows all disturbing aspects of the privatization arrangement between the government and foreign buyer, and a series of violations of laws of Montenegro to which the government resorted in order to grant concessions to the investor. Concurrently, the study shows that selling a company with bright business prospects was not economically justified, which led to giving up valuable resources to the detriment of the public interest.
Complete case study download HERE (PDF)
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