As the summer season draws closer, a stream of news continues to come our way from the Adriatic coast of our region.

Montenegro is the source of update this time around, as there have been reports about the Stratex Group taking full control over Budvanska Rivijera Hotel Group – a company in which they already hold a 30% ownership stake.

The deal would include all of Budvanska Rivijera’s assets excluding the St.Stefan island, since the Montenegrin government expressed intentions of retaining it under its ownership.