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Serbia's Finance and Economy Ministry and the Stara Planina mountain tourism development public company have signed a Memorandum of Understanding with Austria's Falkensteiner Michaeler Tourism Group AG (FMTG) on another investment in Serbia in the amount of €30 million. This money will be used to continue the construction of the tourist resort at Mount Stara Planina. The MoU signatories were former Economy Minister Mladjan Dinkic, Falkensteiner CEO Otmar Michaeler and Stara Planina Director Svetislav Popadic, the Ministry said in a release.
Falkensteiner, which operates a chain of over 30 hotels in six European countries, intends to have six condo hotetels built at Stara Planina within the next six years. These hotels will comprise 350 accommodation units and a total of 1,000 beds. The Austrian company already manages Falkensteiner Hotel at Stara Planina built in 2010, as well as Falkensteiner Hotel in Belgrade in which it invested €45 million. SIEPA
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