Budva, (MINA-BUSINESS) – Based on financial reports and detailed analysis, the Tourist Board of Budva (TOB) has recorded exceptionally positive business results this year.

“So far, revenues have increased and exceeded the projections from the financial plan by around €170,000, which confirms successful and responsible financial management,” the TOB published on its website.

They explained that the total revenues of €4.24 million are primarily the result of very strong collection of the tourist tax in the amount of €3.34 million, as well as the collection of other revenues: membership contributions of €282.19 thousand, excursion tax of €64,920, and tourist tax of €552,930.

“These indicators clearly show stable and sustainable operations of TOB, as well as successful cooperation with partners and economic entities. Exceeding the financial plan confirms that Budva continues to develop as a leading tourist destination, with constant improvements in the quality of services and tourism products,” the TOB states.

By the end of the calendar year, revenues will continue to increase and are expected to exceed the plan by around €250,000.