Bussines report of the public enterprise for coastal zone for 2008-2013

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This report is part of a project implemented by six non-government organisations:  Network for Affirmation of NGO Sector (MANS), Women’s Safe House, Mogul, Workers from Bankrupt Companies of Montenegro, Breznica and Association of Youth of Montenegro.

Within this project, Mogul monitored the appliance of the Law on Free Access to Information by the Public Company for Coastal Zone Management, as well as the management of the Coastal Zone by this Public Company.

The data used for the compiling of this report was gathered on the basis of information submitted by the Public Company for Coastal Zone Management, after requests filed in accordance with the Law on Free Access to Information.

The first part of the report relates to the legislative and institutional framework for Coastal Zone management, while the second part states information about the revenues the Public Company for Coastal Zone Management generated from fees for use of Coastal Zone in the period between 2008 and late 2013, in addition to an overview of data on investment of the Public Company into the Coastal Zone.

The third part of this report indicates that the Public Company for Coastal Zone Management redirected a significant part of the funds into: increases of equity capital of the company, payment of income to the Government of Montenegro as the founder, and accounts in private banks, instead of investing it into the Coastal Zone.

The fourth part of this report points out the problem of illegal construction on the River Bojana as part of the Coastal Zone, with official data on the number of buildings and Google Earth images which show the actual state of affairs in the area.

Finally, the last part of the report contains conclusions and recommendations, which are the result of several months of gathering and analysing of documentation on the financial operations of the Public Company for Coastal Zone Management.

Complete report you may download HERE (PDF)

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