Government Approves Avenue Group’s Bid for Kupari Project

KupariLPJ Issue 155, 2 November 2015

On 26 October, the State Property Management Administration (DUUDI) announced that the binding bid for the Kupari Tourism Development Project, submitted by Vienna-based Avenue Group, had been approved by the government.

The government commission for evaluating applications, headed by Tourism Minister Darko Lorencin (IDS), found that the offer was in accordance with the prescribed conditions of the tender, issued on 23 May.

The DUUDI confirmed that the Avenue Group submitted the only binding bid, leading a group of investors, in cooperation with the US hotel chain, Marriott International.

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