Sveti Stefan EBRD Loan

Montenegro is becoming a worldwide tourism destination with high potential for further development, and is one of the few countries to have achieved growth in the tourism sector during the current economic downturn. In 2010 the EBRD extended a senior loan of €37 million to finance the re-development of the landmark Sveti Stefan hotel and its surroundings on the Montenegrin coast. The site promises to become a high-end resort on the Adriatic which will set a [...]