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All of which makes Montenegro an important tourist destination.
If the name Montenegro does not ring a bell, that is because over the past 60 years Montenegro has been a part of various incarnations of former communist Yugoslavia. On June 3, 2006 Montenegro declared independence and became the 192nd member state of the United Nations.
Known to the locals as Crna Gora (Black Mountain), Montenegro is rich in diverse history with strong influences of the Austro-Hungarian, Ottoman and Italian empires.
The Balkan wars of the 1990's while not fought on Montenegrin soil, had a devastating effect on the economy and the country's infrastructure. Montenegro's main source of income -tourism- disappeared, and left the economy in tatters. Now, Montenegro is re-emerging from the darkness of the past 15 years, and is on the verge of a property boom.
Its spectacular coast line and unspoiled natural beauty offers variety for even the most traveled vacationers. Montenegro is a relaxed and easygoing country with a multitude of natural wonders. Montenegrins are proud and welcoming people who cherish longstanding independence and local traditions. It is the last hidden gem of Europe!
Montenegro's Travel & Tourism is expected to grow 15.2% in 2007 and by 10.7% per annum, in real terms, between 2008 and 2017.
The Montenegro Travel & Tourism economy is ranked number 1 in Long-term (10-year) Growth out of 176 countries as estimated by the World Travel & Tourism Council and Oxford Economic Forecasting.
"At the birth of our planet, the most beautiful encounter between land and sea must have happened at the coast of Montenegro. When the pearls of nature were sown, handfuls of them were cast on this soil." -- Lord Byron
Interested in investing in Montenegro? Email me.
Peter Z. Nikic
Licensed Real Estate Broker & Investor (NY & Montenegro)