From the Media - Part 64

posted by mh on 2006/11/28 13:50

[ From the Media ]

Major investments on the Adriatic coast: the Albanian port of Durres will be renovated until 2008 to improve its role as the country's major port for passengers and goods (read article at SeTimes.com). Further north, the newly independent Montenegro sees a boom in foreign investment (read "Could Montenegro become the next Monaco?"). In Tivat, in the bay of Kotor, an American investor (coincidentally the employer of the article's author at the same time) will convert an old factory site of 24ha into "the largest luxury yacht marina on the eastern Mediterranean with over 700 berths. It is expected to attract a high-end clientele and this is in line with some of the general trends in Montenegro's tourism strategy. The investment will bring massive infrastructure improvements. In essence, a whole new Tivat will emerge over the next three years."

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