Trace Group Hold Plc is expanding its representation in the Balkans. On July 29, Trace registered a branch office in Montenegro with headquarters in Podgorica.
The new established branch is managed by one of the CEOs in Trace Serbia Jsc, i.e. Stoyko Meshev, MSc (Civ. Eng.).
The Montenegrin branch will handle activities covering part of the Holding company portfolio, including design, construction, reconstruction, rehabilitation, and major repairs of roads, road structures, highway facilities, roads, and streets (bridges, tunnels, etc.) and road infrastructure; design, construction, reconstruction, furnishing, repair, and investor control of commercial and residential construction projects, including low, medium, and high-rise buildings; basic and additional construction, etc.
In September 2024, Trace Group Hold Plc established a subsidiary unit in the U.S.