Bags full of money still arriving to Budva ( 2008-11-03)
| The New York Times writes that the global financial crisis caused considerable losses of Russian billionaires, but the bags full of money and luxurious yachts are still arriving to Budva, which could be nicknamed Moscow by the sea. The author believes that, with the purchase of real estates in the Montenegrin coast, Russians found a modern alternative for the south of France of Turkish coast. The construction of a hotel with 27 stories, coastal mansions, marinas and a water park is currently one of the biggest Russian investments in Montenegro. Russian billionaire Vyentseslav Leibman said that it is absurd when people invest big amounts of money during a financial crisis. (Republika) |
