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21-747: The KAP produces its own alumina , extracting it via the Bayer process out of the bauxite shipped from the Nikšić bauxite mine. The factory also has its own production of pre-baked anodes . The smelter has an installed capacity of 120,000 tons of liquid aluminum per year. KAP is connected by railway with bauxite mines near Nikšić and the Port of Bar , and the Podgorica Airport is only a few kilometers away. Construction of an aluminium smelter in Montenegro

42-451: A company based in Cyprus , for €48.5 million and obligations to invest over €50 million in its modernization and environmental upgrade. CEAC is fully owned by En+ Group . The negotiations on the sale were conducted directly between Oleg Deripaska and the then Prime Minister of Montenegro , Milo Đukanović . In May 2006 CEAC said that "various breaches of representations and warranties" of

63-579: A debt of 383 million euros, while the company itself is worth 180 million euros. In July 2014, KAP was sold for 28 million euros to the Montenegrin company Uniprom that is 100% owned by Veselin Pejović . The Podgorica Aluminium Plant (KAP) has been a focal point of controversy and criticism, despite its status as the largest individual contributor to Montenegro's GDP and exports. The primary source of discontent revolves around environmental concerns, as

84-654: A political party. In the 2006 Montenegrin independence referendum , PzP remained neutral and did not campaign for either option, their choice being an outcome without the Movement's involvement. Although prominent members of the party supported an independent Montenegrin state, they refused to join the Bloc for an Independent Montenegro, led by the DPS. After the referendum, they stated that they did so out of opposition to Đukanović's rule, which they see as corrupt and undemocratic. In

105-623: A vocal advocate for Montenegro's NATO membership. Recently it takes a cautiously supportive attitude towards the country's EU integrations, opposing the European Union's further federalisation and frequently criticising the Brussels bureaucracy. The party, like its NGO predecessor, advocates as part a reform agenda change in the "undemocratic regime of the Democratic Party of Socialists " the party that has ruled Montenegro as

126-599: Is Nebojša Medojević , the party's founder. The party was founded by a group of economists and academics in September 2002 and was modeled after the Group 17 Plus in Serbia. It is led by Nebojša Medojević It operated as a non-governmental organization under the name Group for Changes ( Montenegrin : Група за промјене , romanized :  Grupa za promjene , GZP ) until July 17, 2006, when it reconstituted itself as

147-527: The 2006 parliamentary election , the party ran for the first time, winning 11 of 81 seats. It became a vocal opposition party and forged links with the Serb People's Party and the Socialist People's Party of Montenegro in an attempt to unify the country's political opposition. The party put forward amendments as part of the drafting process for the new Constitution of Montenegro , including

168-518: The Movement for Changes , argue that the sale of KAP was disadvantageous for Montenegro. They contend that the plant was undervalued and raise concerns about the business practices of CEAC owners, alleging consistent annual losses to avoid dividends payments to minority shareholders . KAP's trade union has launched strikes frequently since privatization, demanding increases in wages. Alumina Too Many Requests If you report this error to

189-612: The DF parliamentary group. Initially, the ideological profile of the Movement for Changes was a mix of fiscal conservatism , economic liberalism and anti-corruption in economic policy, atlanticism and pro-Europeanism in foreign policy, and moderate conservatism on social issues. Since founding, party has as a proclaimed goal the integration of their country into the European Union and political and economic reforms to bring it into line with European norms, PzP has also been

210-467: The KAP has struggled to survive the impact of ongoing economic crisis . The low trading price of aluminium, and expensive production inputs, primarily the electricity and alumina production, have resulted in KAP generating daily losses of up to €200,000. The company has been unable to survive ever since without the constant Government subsidies, primarily in writing off the debt for electricity. In June 2009,

231-472: The PzP at protests against Montenegrin recognition of Kosovo , in turn, alienated some Albanian supporters of the Movement. The party saw a fall in support at the 2009 parliamentary election , falling from 11 seats to 5. The Movement for Changes leader, Nebojša Medojević, was a candidate in the 2008 presidential election . He came in third, gathering nearly 17% of the vote. Since the 2012 parliamentary election ,

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252-568: The Wikimedia System Administrators, please include the details below. Request from 172.68.168.150 via cp1114 cp1114, Varnish XID 957966987 Upstream caches: cp1114 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 10:47:24 GMT Movement for Changes Movement for Changes ( Montenegrin : Покрет за промјене , romanized :  Pokret za promjene , PZP ) is a right-wing populist and far-right political party in Montenegro . Its current leader

273-408: The deal were discovered by accountants Deloitte, including KAP having "hidden" debts and obligations towards the state totalling tens of millions of euros. In addition, the government-certified 2004 accounts were deemed inaccurate when it came to working capital and other assets. "It became evident to CEAC that KAP's initial financial situation had been misrepresented," the company claimed. As of 2008,

294-462: The dominant partner in every coalition government since the end of communism, and the "dethroning" of multiple-term Prime-Minister and President Milo Đukanović . PzP also often referred to the Đukanovic regime as example of the Mafia state . In recent years, the Movement for Changes has increasingly employed a more antiglobalist , right-wing populist and anti-immigrant discourse, frequently depicting

315-504: The financial situation at the company had not improved, leaving KAP in danger of being closed by CEAC. The government, not wanting to see its largest company being shut down, agreed to guarantee a €45 million loan. In exchange, the government would receive half of the stakes owned by CEAC, leaving CEAC with a stake of 29.3%. As relationship between the owners and management and the Government of Montenegro became increasingly sour, there

336-569: The party operates within the populist Democratic Front (DF) alliance. PzP joined the Alliance of European Conservatives and Reformists in May 2015. In 2019, following Nebojsa Medojevic's meeting with Mischaël Modrikamen PzP announced its membership in The Movement , a coalition of populist parties chaired by former White House Chief Strategist Steve Bannon . In September 2020, the PzP left

357-583: The period 1997–1999 KAP participated with 8.2–6.7% in GDP of Montenegro, and 65–67% in export for the same period. Most of the time, the KAP acquired necessary raw materials and spare parts from Glencore . The entire export was also conducted by Glencore. The company was one of the few Montenegrin companies to recover quickly after the breakup of Yugoslavia . On 1 December 2005, KAP was privatized, with 65.4394% of shares being sold to Salomon Enterprises Limited (later renamed CEAC – Central European Aluminum Company),

378-504: The plant is heavily criticized for polluting the fertile Zeta Plain . KAP's red mud pond is notorious for emitting dry red dust that disperses through the villages in Zeta due to wind patterns. KAP also faces scrutiny for consuming a significant portion of Montenegro's electrical power at reduced rates, while Montenegrin citizens experiencie frequent electricity shortages and pay substantially higher prices for it. Political entities such as

399-518: The suggestion of official language status for the Serbian language alongside the existing proposal to declare Montenegrin the state language. The proposal was adopted by the ruling coalition, and PzP gave its support for the required two-thirds super-majority to adopt the Constitution. This support damaged its ties with other opposition parties to some extent. The presence of senior officials of

420-516: Was an ongoing debate within the country about the fate of the company. The size of the company, number of employees, and its impact on the Montenegrin trade balance imply that efforts will be made by the Government to keep the company alive, although sustainable ownership and management arrangements are yet to be made given the current dissatisfaction with Russian owners. On 8 July 2013, KAP officially went bankrupt, having up to that point accumulated

441-402: Was first proposed in the 1960s, when significant quantities of high quality bauxite ore were discovered near Nikšić . With support from Pechiney construction of KAP began in 1969, while production of aluminium began in 1971. The plant had its most difficult times during UN -imposed economic sanctions on FR Yugoslavia . During the sanctions, the production was reduced to 13% of capacity. In

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