Word: tivation
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Dates: during 2008-2008
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...country's high mountains and valleys are still largely undeveloped; its Tara River canyon has the deepest gorges in Europe, and ancient cities and monasteries dot the rugged coastline. The old, walled trading city of Kotor, a few miles down the coast from Tivat, was founded by the Romans and ruled for nearly four centuries by the Venetians, who left their architectural mark. There have been more recent periods of glory, too. Back in the 1970s, the red-tiled resort island of Sveti Stefan was a summer retreat for the likes of Sophia Loren, Kirk Douglas and Doris...
...today, Djukanovic says: "We are a small country. We have no space for mass tourism. We want to use every inch of territory that we have to attract the highest-paying guests. We have the frame; now we want to fill it with a beautiful picture." The development at Tivat is the centerpiece of these ambitions. The plan includes an 800-berth marina, a golf course, a resort village and several hotels. Where an old corrugated-iron warehouse stood, the Four Seasons is building its first resort on the Mediterranean, to open...
...sell the land or buy a project. We bought a project." In addition to creating an estimated 5,000 jobs when finished, the investors agreed to clean up the waters around the site, buy out about 480 workers who lost their jobs when the shipyard shut down, and upgrade Tivat's sewage and water-supply systems. Munk is even offering local students scholarships to Canadian universities. Initial hostility from opposition politicians who accused him of planning to auction off the land for a quick buck has abated. "This is just the kind of project that Montenegro needs," says Rade Ratkovic...
...finest sites on the coast. And an influx of Russians is already making it the fastest-growing tourist destination in the world. Billboards promising "choice properties" in Russian Cyrillic script line the avenues of coastal towns like Becici. Property prices have shot up, rising as much as fivefold in Tivat over the past five years. A building boom, meanwhile, is gobbling up green space. Pavle Jurlina, a pharmacist in Tivat, says his cousin just sold off land that had been in the family for more than 150 years, ever since his great-great-grandfather bought it with profits from prospecting...
...Montenegro has a long way to go in other respects, too. Crumbling roads make it difficult to reach some of the more attractive destinations. Raw sewage flows from Kotor and Tivat into the Bay of Kotor, and there are daily power outages. Still, the tiny country has achieved a good deal in a short time. Less than a decade ago, NATO warplanes were bombing targets in Montenegro in the campaign to drive Milosevic out of Kosovo. And now? Budva's "Jaz" beach hosted the Rolling Stones last summer and in September will stage part of Madonna's 50th birthday tour...