Harrisons Podgorica office has advised Aer Rianta International on its five-year duty-free concession to run retail stores at the Tivat and Podgorica airports in Montenegro.
Financial details of the transaction were not disclosed.
Aer Rianta International is a Dublin-based owner and manager of duty free and duty paid retail outlets in Europe, Middle East, Asia Pacific, and the Americas. The company opened its first duty free shop at Shannon Airport in 1947. It currently employs over 3,000 people worldwide and manages a turnover in excess of USD 1 billion.
According to Harrisons, the company's two stores, which will be branded "Montenegro Duty Free," will open before the end of the year. According to the firm, "this concession represents an important step in Aer Rianta's re-entering into the Balkans region. Within Europe, ARI also operates duty free shops at airports in Dublin, Cork, Larnaca, and Paphos.“
Harrisons‘ team consisted of Consultant Goran Martinovic, Senior Associate Milan Keker, Lawyer Ivan Pejovic, and Associate Aleksandra Bujkovic.