News Feature

Montenegro 'the new Monaco'

17 April 2009

The small, recently independent Adriatic country of Montenegro has been named as the new Monaco by a Times travel writer.

Jack Grimston, writing for the Times Online, commented that the former Yugoslavian country has become a hotbed of tourism investment, putting it up there with some of Europe's classiest holiday resorts.

The coastal areas are slowly being transformed into a yachter's paradise, thanks to Canadian gold-mining tycoon, Peter Munk.

Mr Munk's managing director, Oliver Corlette, said: "We want to create a nautical community. The superyachts will be the anchor and will look fantastic, but it is not going to be a billionaires' den.

"Our core target market is owner-users of sailing and motor yachts of 40ft to 80ft. They are what will make it sustainable."

Currently, however, there are some areas that are blissfully undeveloped, making them havens for people who enjoy quiet, peaceful holidays.

Kotor and Perast were named by Mr Grimston as places of interest to holidaymakers who enjoy a quiet and tranquil time.

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