Panorama Hill Resort

HOLISTIC HEALTH & ECO TOWNSHIP WITH AJI CHARAPITA CHILLI FARM

ULCINJ IS THE SOUTHERNMOST CITY IN MONTENEGRO, WHERE THE ADRIATIC COAST SEEMS UNTAMED COMPARED TO THE RESORT AREAS ALONG THE MONTENEGRIN RIVIERA. ULCINJ ALSO HAS THE LONGEST, MOST GLORIOUS BEACHES ON THE ADRIATIC COAST, RIVALING MOST OTHER CITIES IN TERMS OF THE SHEER NUMBER OF BEACHES. APPROPRIATELY THE BEACH IS CALLED "LONG BEACH*. AT THE VICINITY OF THIS AREA IS THE "ROYAL HOTEL". BEING CLOSE TO ADA BOJANA, A BREATHTAKING SANDY ISLAND IN THE MIDDLE OF A RIVER, WITH SEMI PRIVATE BEACHES AND A REPUTATION FOR EXCLUSIVITY, IS THIS AN IDEAL LOCATION FOR THE DEVELOPMENT OF TOURISM, FURTHERMORE, THE CITY IS ONE OF THE RICHEST LOCATIONS FOR THE DEVELOPMENT OF HERITAGE TOURISM, BE IT THE 2500 YEARS OLD TOWN OR THE ANCIENT CITY OF SHAS.

LOCATION

THE PROJECT IST LOCATED IN BRISKA GORA, ULCINJ.

THE RESORT IS 178 METERS HIGH IN THE MOUNTAINS, THE DISTANCE TO THE NATURAL PARK "SOLANA BAJO SEKULIC" IS LESS THEN 1 KM.

THE DISTANCE TO THE LONG BEACH IS AROUND 5 KM WHILE TO THE OLDEST CITY ON THE ADRIATIC COAST IT'S AROUND 8 KM.

THE LOCATION HAS FULL INFRASTRUCTURE AND DOES NOT NEED ADDITIONAL INVESTMENTS IN ORDER TO START THE PROJECT.

LOCATION WISE IT OFFERS A GREAT COMBINATION OF LUXURY AND PEACE.

ALMOST UNDEVELOPED ZONE IN THE OLD FOREST OF MORE THAN 100000 HA

CHARAPITA CHILI FARM

AJI

AJI-CHARAPITA INVESTMENT

AJI CHARAPITA CHILI FARM CHARACTERISTICS OF THE CHARAPITA:

THE AJI CHARAPITA PEPPER HAS A VERY PECULIAR APPEARANCE: IT'S SMALL, ROUNDE AND USUALLY YELLOW, BUT IT CAN ALSO BE GREEN OR ORANGE DEPENDING ON THE ECOTYPE.

THEY HAVE A BRIGHT, FRUITY FLAVOUR WITH UNIQUE CITRUS FLAVORS, FOLLOWED BY A MODERAT TO SPICY SPICINESS THAT GRADUALLY INCREASES IN INTENSITY.

AJI CHARAPITA PEPPERS ARE AN EXCELLENT SOURCE OF VITAMINS A, B AND C AND ALSO CONTAIN IRON, POTASSIUM, MAGNESIUM AND RIBOFLAVIN.

THE PLANT BEGINS TO BEAR FRUIT 60 120 DAYS AFTER SOWING AND CAN BEAR FRUIT FOR UP TO TWO MONTHS DEPENDING ON THE AREA AND CLIMATE. IT IS PRODUCTIVE FOR SIX YEARS, ALTHOUGH THE NUMBER OF FRUITS DECREASES OVER THE YEARS.

THE FRUITS ARE COLLECTED IN SUMMER, DRIED AND THEN PROCESSED INTO SPICES.

HOLISTIC HEALTH CARE CENTER

HOLISTIC HEALTH CENTER & ECOFRIENDLY TOWNSHIP

REINVENT HOW YOU THINK THIS WILL BE A SKILL BASED SCHOOL TO INNOVATE RESEARCHE AND TEACH FOR CONFLICT RESOLUTION AND MANAGEMENT UNDER A BASIC LIFE SKILLS. EMPHASISING IN THE JUSTICE OF THE CONCERNS AND CONFLICTS FACED IN VARIOUS ASPECTS.

REINVENT HOW YOU PLAY KAPILNAATH CENTER FOR TARGET TRAINING IN OLYMPIC SPORT. A SKILL BASED SCHOOL FOUNDED ON DHANURVEDA TO INTEGRATE THE SCIENCE OF 'AIM' IN TARGET SPORTS LIKE ARCHERY, SHOOTING SPORTS AND LIFE IN GENERAL

MONTENEGRO

MARKET

BY CREATING A POSITIVE ENVIRONMENT WITH IDEAS OF SUSTAINABLE DEVELOPMENT AND VALORIZING THE BEST POTENTIALS OF MONTENEGRO AND ITS PEOPLE, CITIZENS AND INVESTORS WILL WITNESS THE ACCELERATED PACE OF ECONOMIC GROWTH. THE TOTAL INFLOW OF FOREIGN DIRECT INVESTMENT FROM THE BEGINNING OF JANUARY TO THE END OF SEPTEMBER 2019 REACHED 591.7 MILLION, WHILE AT THE SAME TIME 325 MILLION EURO WERE DISCHARGED, ACCORDING TO PRELIMINARY DATA OF THE CENTRAL BANK OF MONTENEGRO. THUS, THE NET INFLOW OF FOREIGN DIRECT INVESTMENT FOR THE FIRST NINE MONTHS OF 2019 WAS EUR 266.73 MILLION, AN INCREASE OF 22.5 PERCENT COMPARED TO THE SAME PERIOD IN 2018. COMPANIES AND BANKS SAW AN INCREASE IN VALUE OF FOREIGN INVESTMENTS OF 206.16 MILLION EURO, NON RESIDENTS INVESTED 129.7 MILLION IN REAL ESTATE, WHILE OTHER INVESTMENTS SPECIFICALLY THE SALE OF REAL ESTATE ABROAD AND THE RETURN OF DOMESTIC CAPITAL THROUGH INTERCOMPANY DEBT AMOUNTED TO 20.84 MILLION EURO.

GENERAL INFORMATION

MONTENEGRO

CLIMATE CHARACTERISTICS

CLIMATE CHARACTERISTICS ARE BASED ON THE METEOROLOGY STATION IN ULCINJ. (ANNOUNCED IN THE BASIC STUDY CO1 AREA PLAN OF THE SEASHORE ZONE 200). THE MONTENEGRIN SEASHORE HAS MEDITERRANEAN CLIMATE, WITH DRY SUMMERS AND MILD AND RAINY WINTERS. THE AVERAGE TEMPERATURE DURING THE WHOLE MONTHS IS ABOVE 5˚C. THE AVERAGE MONTHLY TEMPERATURE ABOVE 10˚C BEGIN BY THE BEGINNING OF MARCH, AND LAST TILL DECEMBER. THE AVERAGE MONTH TEMPERATURE IN ULCINJ IS 15.8˚C. THE HIGHEST REGISTERED TEMPERATURE IS MEASURED ON AUGUST, AND IT WAS 40.5˚C. THE LOWEST REGISTERED TEMPERATURE WAS MEASURED ON FEBRUARY, AND IT WAS 6.4˚C. THE AVERAGE TEMPERATURE OF WARMEST MONTHS IS 27˚C (JULY AND AUGUST), WHILE THE AVERAGE TEMPERATURE OF COLDEST MONTHS (JANUARY AND FEBRUARY) 10 TO 11˚C. THE AVERAGE TEMPERATURE OF COLDEST WINTER MONTHS IS 5˚C, WHILE THE AVERAGE TEMPERATURE OF COLDEST SUMMER MONTHS IS AROUND 20˚C. YEARLY IN ULCINJ THERE ARE 108 SUMMER DAYS (WITH THE DAILY MAXIMAL TEMPERATURE ABOVE 25˚C) AND 27.6 TROPIC DAYS (WITH THE DAILY MAXIMAL TEMPERATURE ABOVE 30˚C). DURING THE YEAR THERE ARE ONLY 9 COLD DAYS (WITH THE MINIMAL DAILY TEMPERATURE 0˚C). THE REGIME OF PRECIPITATION IN THE MEDITERRANEAN SEASHORE REACHES ITS MAXIMUM DURING THE WINTER, AND THE MINIMUM DURING THE SUMMER. MOSTLY THERE ARE PRECIPITATION DURING OCTOBER, NOVEMBER AND DECEMBER THAT REPRESENTS 30 TO 40% OF THE TOTAL YEARLY PRECIPITATIONS; THE SMALLEST AMOUNT OF PRECIPITATION THERE ARE ON JUNE, JULY, AND AUGUST, WHICH REPRESENTS ONLY 10% OF THE YEARLY PRECIPITATIONS. DURING THE WINTER PERIOD, DAILY PRECIPITATIONS IN THE AVERAGE AMOUNT 5 8L/M2, EVEN THOUGH THE HIGHEST VALUE OF DAILY PRECIPITATIONS CAN REACH ABOVE 40L/M2. DURING THE SUMMER PERIOD, DAILY PRECIPITATIONS IN THE AVERAGE AMOUNT 1L/M2. YEARLY PRECIPITATION IN THE AVERAGE AMOUNTS 1109L/M2 THAT REPRESENTS THE SMALLEST AMOUNT OF PRECIPITATIONS IN THE MONTENEGRIN SEASHORE. MAXIMAL PRECIPITATIONS IN ULCINJ, DURING THE PERIOD OF 24H, IN THE LAST PERIOD OF 100 YEARS ARE ESTIMATED ON 191L/M2. FOR ULCINJ AREA THERE ARE THE FOLLOWING TYPICAL WINDS: NORTHEAST (16.8%), EAST (16.3%), EAST NORTHEAST (11.6%), WEST (7.4%) AND CALMNESS IN FREQUENCY ONLY 3.9%. EXTREME STRENGTH OF WINDS ON THE SEASHORE OF ULCINJ REACHES THE SPEED OF 20M/S (72KM/H). THE AVERAGE HUMIDITY OF THE AIR IN THE ULCINJ AREA REACHES 65.9% (MINIMUM 61.5% ON JULY AND MAXIMAL 69.3% ON MAY). INCREASED CLOUDINESS IS CHARACTERISTIC FOR THE WINTER PERIOD, WHICH IS NOT THE CASE WITH THE SUMMER PERIOD. THE AVERAGE CLOUDINESS FOR THE YEARLY LEVEL IN ULCINJ IS 41% (MINIMUM 18% DURING JULY/AUGUST AND MAXIMAL 55% DURING DECEMBER). THE AVERAGE MONTHLY INSOLATION IN ULCINJ AMOUNTS 212.9 HOURS (MAXIMAL 332.0 HOURS IN JULY).

WHY INVEST IN MONTENEGRO

• POLITICALLY AND ECONOMICALLY STABLE, DEMOCRATIC, MULTICULTURAL MULTI RELIGIOUS SOCIETY

• ACTIVE PROMOTER OF GOOD NEIGHBORLY RELATIONS AND PARTICIPANT IN REGIONAL COOPERATION

• MEMBER OF NATO SINCE JUNE 2017

• CANDIDATE FOR MEMBERSHIP OF THE EU (PROSPECTIVE MEMBERSHIP BY 2025)

• MEMBER OF THE WORLD TRADE ORGANIZATION (WTO) SINCE 2012 (PARTY TO THE TRADE FACILITATION AGREEMENT TFA)

• MEMBER OF THE WORLD BANK SINCE 2007

• MEMBER OF THE INTERNATIONAL MONETARY FUND (IMF) SINCE 2007

• EURO (€) IS THE OFFICIAL LOCAL CURRENCY

• ENJOYING ACCESS TO A MARKET OF AROUND 800 MILLION CONSUMERS OWING TO THE FREE TRADE AGREEMENTS WITH THE EU (STABILIZATION AND ASSOCIATION AGREEMENT), CEFTA, EFTA, RUSSIA, TURKEY AND UKRAINE

• “THE GATEWAY TO THE BALKANS”, THANKS TO ITS FAVORABLE GEOGRAPHICAL LOCATION AT THE ADRIATIC

• MEDITERRANEAN SEA (CONVENIENT ACCESS FOR TRADE VIA PORT OF BAR, GOOD RAILWAY AND ROAD CONNECTION TO EASTERN AND CENTRAL EUROPE) AND STIMULATING BUSINESS ENVIRONMENT

• 22 AGREEMENTS ON ECONOMIC COOPERATION IN FORCE WITH FOLLOWING COUNTRIES: AUSTRIA, BELGIUM LUXEMBOURG ECONOMIC UNION, BULGARIA, CZECH REPUBLIC, GREECE, CROATIA, HUNGARY, GERMANY, SLOVENIA, SPAIN, ROMANIA, SLOVAKIA, ALBANIA, ARGENTINA, AZERBAIJAN, QATAR, CHINA, REPUBLIC OF NORTH MACEDONIA, SERBIA, SWISS CONFEDERATION, TURKEY AND UAE • 23 AGREEMENTS ON MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS IN FORCE WITH: AUSTRIA, SLOVAKIA, SERBIA, CZECH REPUBLIC, FINLAND, DENMARK, STATE OF QATAR, REPUBLIC OF NORTH MACEDONIA, MALTA, FRANCE, GREECE, NETHERLANDS, ISRAEL, CYPRUS, ROMANIA, GERMANY, LITHUANIA, POLAND, SPAIN, SWISS CONFEDERATION, AZERBAIJAN, MOLDOVA, AND UNITED ARAB EMIRATES

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• AGREEMENTS ON AVOIDANCE OF DOUBLE TAXATION IN FORCE WITH: ALBANIA, BELGIUM, BELARUS, BOSNIA AND HERZEGOVINA, BULGARIA, CZECH REPUBLIC, DENMARK, EGYPT, FINLAND, FRANCE, NETHERLANDS, CROATIA, INDIA, ITALY, IRAN, CHINA, CYPRUS, KUWAIT, LATVIA, HUNGARY, MACEDONIA, MALAYSIA, MALTA, MOLDOVA, GERMANY, NORWAY, POLAND, ROMANIA, RUSSIA, SLOVAKIA, SLOVENIA, SRI LANKA, SWITZERLAND, SWEDEN, TURKEY, UKRAINE, UNITED KINGDOM, IRELAND, SERBIA, UAE, AZERBAIJAN, AUSTRIA, PORTUGAL. RECENTLY SIGNED WITH THE PRINCIPALITY OF MONACO

• HIGHEST FDI PER CAPITA IN THE REGION SINCE REGAINING ITS INDEPENDENCE IN 2006 TOTALING TO OVER 9 BILLION EUR WITH INVESTORS FROM MORE THAN 125 COUNTRIES WORLDWIDE;

• SINCE BECOMING FULL MEMBER OF THE NATO ALLIANCE, INVESTMENTS FROM THE ALLIANCE COUNTRIES IN 2018 HAVE GROWN BY 64.1%

• FOREIGN COMPANIES ENJOY THE SAME TREATMENT AS NATIONAL COMPANIES

• FOREIGN INVESTORS MAY INVEST IN ANY INDUSTRY AND ARE FREE TO TRANSFER FUNDS, ASSETS AND OTHER GOODS, INCLUDING PROFIT OR DIVIDEND

• COMPETITIVE TAX SYSTEM (GENERAL CORPORATE PROFIT TAX AND PERSONAL INCOME TAX IS 9%, I.E. 11% FOR NET WAGES ABOVE 720€)

• INCENTIVES AND TAX RELIEFS FOR INVESTMENT ON BOTH NATIONAL AND LOCAL LEVELS, INCLUDING IN PURPOSEFULLY ESTABLISHED BUSINESS AND FREE TRADE ZONES

• SIMPLE PROCEDURE FOR CREATING A COMPANY (FOUR DAYS AND FOUNDING CAPITAL OF €1)

• QUALITY BANKING SECTOR, WITH 13 PRIVATE BANKS (NO COMMERCIAL STATE OWNED BANKS)

• QUALIFIED AND AFFORDABLE WORKFORCE: ENGLISH WIDELY SPOKEN ACROSS PROFESSIONS AND TRADES; AVERAGE

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REGIONAL COMPARISON OF INDICATORS

THE REGIONAL COMPARISON OF INDICATORS INDICATES THAT MONTENEGRO TRANSLATES IN TERMS OF PURCHASING POWER PARITY WHEN IT COMES TO GDP PER CAPITA. ALSO, THE ANALYSIS OF THE GROWTH RATE IN THE REGION CLEARLY SHOWS A POSITIVE TREND, FOLLOWED BY FOREIGN DIRECT INVESTMENT. MONTENEGRO, AS A NATO MEMBER STATE, OFFERS INVESTORS ADDITIONAL SECURITY, WHICH CAN BE CLEARLY SEEN BY THE NUMBER OF INVESTMENTS.

TOURISM

TOURISM IS ONE OF THE MOST IMPORTANT ECONOMIC ACTIVITIES IN MONTENEGRO AND THE COUNTRY HAS BEEN LISTED AMONG THE TOP WORLD TOURISM DESTINATIONS. WITH 620.000 CITIZENS, MONTENEGRO IS VERY PROUD OF ITS RICH HISTORY AND TRADITION AND OF ITS NATURAL HERITAGE. IT IS AIMING TO PRESERVE AND PRESENT ALL THESE BEAUTIES TO THE VISITORS FROM ALL AROUND THE WORLD.

BY TRULY BEAUTIFUL LANDSCAPE, FAITHFULLY DESCRI EVEN THOUGH SMALL IN SURFACE AREA (13800 KM2), IT IS CHARACTERIZED BED WITH THE ‘’WILD BEAUTY’’ SLOGAN. THE COUNTRY IS RICH IN INCREDIBLE HIGH MOUNTAINS, DEEP CANYONS, BROAD PLAINS, FAST RIVERS BEAUTIFUL LAKES AND A PICTURESQUE COASTLINE, WHICH FOLLOW ONE ANOTHER. ON THIS RELATIVELY SMALL SURFACE AREA, THERE ARE SIGNIFICANT PHYSICAL AND GEOGRAPHICAL DIVERSITIES, WHICH ALLOWED MONTENEGRO TO BECOME ONE OF THE MOST DESIRED AND INTERESTING TOURIST DESTINATIONS IN EUROPE.

NATURAL AND MANMADE LANDMARKS OF THE MONTENEGRIN COSTAL PART, CONTINENTAL PART AND THE NORTH ATTRACT MANY VISITORS AND TOURISTS, WHO FAR AWAY FROM THE URBAN HUSTLE AND BUSTLE, CAN FIND PEACE AND SATISFACTION IN NATURE, HOSPITALITY OF THE PEOPLE, HEALTHY LIFESTYLE, TRADITIONAL CUISINE AND OLD CUSTOMS AND TRADITIONS.

OVER THE PAST FEW YEARS, RURAL TOURISM IN MONTENEGRO HAS BEEN ON THE RISE. WITH THE UNIQUE ADRIATIC COAST, BEAUTIFUL LAKES, FIVE NATIONAL PARKS AND MAGNIFICENT MOUNTAINS, IT IS AN IDEAL LOCATION FOR TOURISTS WISHING ENJOY NATURE AND EVERYTHING ELSE THAT COMES WITH RURAL TOURISM.

MONTENEGRO HAS A PLEASANT SUMMER CLIMATE SIMILAR TO THE ONE IN SARDINIA, COTE D’AZUR OR MALLORCA, WHICH MEANS IT IS IDEAL FOR SWIMMING AND SUMMER TOURISM. WINTER IS CHARACTERIZED BY HEAVY RAINS AND MOUNTAINS OFFER ALL KINDS OF WINTER SPORTS, MAKING IT A YEAR LONG DESTINATION.

TOURISTS IN ULCINJ

TOURISM IS ONE OF THE MOST IMPORTANT ECONOMIC ACTIVITIES IN MONTENEGRO AND THE COUNTRY HAS BEEN LISTED AMONG THE TOP WORLD TOURISM DESTINATIONS. WITH 620.000 CITIZENS, MONTENEGRO IS VERY PROUD OF ITS RICH HISTORY AND TRADITION AND OF ITS NATURAL HERITAGE. IT IS AIMING TO PRESERVE AND PRESENT ALL THESE BEAUTIES TO THE VISITORS FROM ALL AROUND THE WORLD.

EVEN THOUGH SMALL IN SURFACE AREA (13800 KM2), IT IS CHARACTERIZED BY TRULY BEAUTIFUL LANDSCAPE, FAITHFULLY DESCRIBED WITH THE ‘’WILD BEAUTY’’ SLOGAN. THE COUNTRY IS RICH IN INCREDIBLE HIGH MOUNTAINS, DEEP CANYONS, BROAD PLAINS, FAST RIVERS BEAUTIFUL LAKES AND A PICTURESQUE COASTLINE, WHICH FOLLOW ONE ANOTHER. ON THIS RELATIVELY SMALL SURFACE AREA, THERE ARE SIGNIFICANT PHYSICAL AND GEOGRAPHICAL DIVERSITIES, WHICH ALLOWED MONTENEGRO TO BECOME ONE OF THE MOST DESIRED AND INTERESTING TOURIST DESTINATIONS IN EUROPE.

TOURISM IS ONE OF THE MOST IMPORTANT ECONOMIC ACTIVITIES IN MONTENEGRO AND THE COUNTRY HAS BEEN LISTED AMONG THE TOP WORLD TOURISM DESTINATIONS. WITH 620.000 CITIZENS, MONTENEGRO IS VERY PROUD OF ITS RICH HISTORY AND TRADITION AND OF ITS NATURAL HERITAGE. IT IS AIMING TO PRESERVE AND PRESENT ALL THESE BEAUTIES TO THE VISITORS FROM ALL AROUND THE WORLD.

EVEN THOUGH SMALL IN SURFACE AREA (13800 KM2), IT IS CHARACTERIZED BY TRULY BEAUTIFUL LANDSCAPE, FAITHFULLY DESCRIBED WITH THE ‘’WILD BEAUTY’’ SLOGAN. THE COUNTRY IS RICH IN INCREDIBLE HIGH MOUNTAINS, DEEP CANYONS, BROAD PLAINS, FAST RIVERS BEAUTIFUL LAKES AND A PICTURESQUE COASTLINE, WHICH FOLLOW ONE ANOTHER. ON THIS RELATIVELY SMALL SURFACE AREA, THERE ARE SIGNIFICANT PHYSICAL AND GEOGRAPHICAL DIVERSITIES, WHICH ALLOWED MONTENEGRO TO BECOME ONE OF THE MOST DESIRED AND INTERESTING TOURIST DESTINATIONS IN EUROPE.

ULCINJ - POTENTIAL

WHEN WE ARE TALKING ABOUT BEACHES, ULCINJ WITH THE SURROUNDINGS IS RECOGNIZED EVEN OUTSIDE THE BORDERS OF MONTENEGRO. IT HAS CHARACTERISTIC VERY LONG AND BEAUTIFUL BEACHES WITH THE UNIQUE PETTY SAND A LOT LIKE FLOUR. THE COAST OF ULCINJ IS 33KM LONG, OF WHICH 18KM ARE BEACHES. THE MOST BEAUTIFUL AND THE LARGEST ARE SANDY BEACHES OF 15KM LENGTH. AMONG NUMEROUS BEACHES (THERE ARE ABOUT 25 OF THEM), WITH ITS BEAUTY, SIZE AND THE SURROUNDING AMBIENCE ONLY SANDY BEACHES: VELIKA PLAZA (THE BIG BEACH), MALA PLAZA (THE SMALL BEACH), ADA BOJANA, AS WELL AS THE BEACHES BOROVE SUME (THE PINE FORESTS) AND VALDANOS STAND OUT. ULCINJ IS ABOVE ALL VISITED BECAUSE OF THE SUN, SEA, AND SANDY BEACHES AS MANY VISITORS HAVE POINTED OUT THAT THOSE ARE “GOD GIVEN BEACHES” MADE OUT OF THE PETTIEST GRAINS OF GRAYISH AND WARM SAND. WARM, CLEAR AND TRANSPARENT SEA WHOSE TRANSPARENCY OF 56 METERS, MEASURED IN ULCINJ, IS THE BIGGEST ON THE ADRIATIC SEA, WITH MILD COASTAL CLIMATE, ARE AN IRRESISTIBLE MOTIF FOR EVERY TOURIST.

ACCORDING TO HISTORICAL DATA ULCINJ IS FRO SURE ONE OF THE OLDEST TOWNS ON THE ADRIATIC COAST. IT IS THOUGHT THAT ULCINJ IS MORE THAT 2.000 YEARS OLD. IN THIS AREA FOR CENTURIES THE CULTURES OF ORIENT AND THE WEST COLLIDED, WHICH BY THE RICHNESS OF THE HISTORICAL INHERITANCE, CAN BE FELT IN EVERY STEP. AS THE TRACKS OF THE FIRST SETTLEMENTS IN ULCINJ APPEAR EVEN BEFORE V CENTURY B.C. IT IS CONSIDERED THAT ULCINJ WAS FOUNDED BY ILLYRIANS, THE PEOPLE OF THE INDO EUROPEAN ORIGIN. AT THE TIME OF THE FREE ILLYRIAN STATE, ULCINJ EXPERIENCES ITS GREATEST BLOOM. THE ORIGINAL NAME OF ULCINJ WAS KOLHINIJUM, AND IT GOT SUCH NAME BY KOLHIDIANS (A TRIBE OF GREEK ORIGIN) FOR WHICH IS THOUGHT THAT THEY ARE THE FOUNDERS OF THE OLD ULCINJ LAKE.

WITH ITS LOCATION ULCINJ TAKES THE FARTHEST SOUTH PART OF THE ADRIATIC COAST, AND IT IS SITUATED IN THE SOUTHEAST PART OF THE MONTENEGRO. BECAUSE OF THE OUTSTANDING NATURAL AND GEOGRAPHIC CHARACTERISTICS, ULCINJ WITH ITS SURROUNDINGS BELONGS TO THE MARGINAL SUBTOPIC ZONE OF THE EUROPEAN MEDITERRANEAN.

WITH ITS SOUTH PART, OF LENGTH OF 30 KILOMETERS ULCINJ COMES OUT ON THE ADRIATIC SEA, AND ON ITS EAST PART RIVER BOJANA IS SITUATED. IN THE CENTRAL PART OF ULCINJ THERE IS SASKO LAKE, AND IN THE BAY THE MASSIF OF MOUNTAIN RUMIJA SHELTERS ULCINJ.

BIRD WATCHING

THE SALINA IS HOME TO MANY BIRDS WITH 19 GLOBALLY ENDANGERED SPECIES ARE DOCUMENTED. IN TOTAL, ABOUT 250 SPECIES CAN BE SEEN HERE, AMOUNTING TO ROUGHLY 70% OF ALL BIRD SPECIES IN MONTENEGRO AND ABOUT HALF OF ALL NATIVE SPECIES OCCURING IN EUROPE. FOR HUNDREDS OF THOUSANDS OF BIRDS THE SALINA IS AN IMPORTANT BREEDING, RESTING OR WINTERING SITE. IT IS LABELLED AS IMPORTANT BIRD AREA BY BIRDLIFE INTERNATIONAL. MAGNIFICENT BIRDS LIKE THE GREATER FLAMINGO, THE DALMATIAN PELICAN AND THE SPOONBILL CAN BE OBSERVED IN ULCINJ SALINA. THE BLACK WINGED STILT IS A TYPICAL SPECIES PRESENT HERE, AND UNSURPRISINGLY THE SALINA IS THE ONLY BREEDING PLACE FOR THIS LITTLE, LONG LEGGED BIRD IN MONTENEGRO. WHILE ROUGHLY 100 BREEDING PAIRS HAVE BEEN DOCUMENTED IN ULCINJ SALINA AT THE END OF THE 1980S, THEIR NUMBER HAS DECREASED TO ONLY ABOUT 50 PAIRS IN 2017 ONE OF MANY SIGNS OF THE DETERIORATION OF THIS UNIQUE SITE ALONG THE ADRIATIC EAST COAST.

HEALTHCARE TOURISM

IT IS PROVEN AND A WELL KNOWN FACT THAT ULCINJ IS RICH IN NATURAL FACTORS THAT WILL POSITIVELY AFFECT HEALTH AND CURE FROM VARIOUS DISEASES. MANY STUDIES HAVE BEEN CONDUCTED FROM INFLUENTIAL SCIENTISTS AND DOCTORS FROM EX YUGOSLAVIA AND ALSO FROM MONTENEGRO. IT IS KNOWN THAT SINCE THE YEAR OF 1922, ULCINJ WAS DECLARED A PLACE WITH CURATIVE BATH AND HEALTHY CLIMATE CONDITIONS. THE SEA THE AIR ABOVE THE SEA IS VERY PURE AND THE SURROUNDING IS RICH IN SUP TROPICAL PLANTS. THE SEA WAVES WHICH BREAK THROUGH ROCKS WILL GENERATE AN AEROSOL RICH IN: OZONE, OXYGEN, IODINE AND SODIUM CHLORIDE. THE SEA WATER HAS A HIGH AMOUNT OF MINERALS.

THE SALT THE MEASURE OF SALINITY IN THE SEA WATER IS ABOUT 32GR/LITER, WHICH AS SUCH WILL ENABLE THE EXTRACTION OF SALT FROM SEA. THE SEA WATER CONTAINS VARIOUS MACRO & MICRO ELEMENTS SUCH AS: K, LI, SR, RB, CA, MG, AL, FE, SI, S, P WHICH IS WHY THE USE OF IT IS APPLIED FOR MEDICAL PURPOSES IN TREATMENTS OF DISEASES BY BATHING.

NATURAL SOURCES OF SULFUR WE ARE REFERRING TO A MINERAL WATER SUBSTANCE, SODIUM CHLORIDE TYPE, WITH MINERALS OF 17.0 MG/LITER AND TEMPERATURE OF 14.5 C, WHICH MEANS THAT IT BELONGS TO A CATEGORY OF COLD

THE CULTURAL LAYERS OF THE OLD TOWN OF ULCINJ AND THEIR DIVERSITY REPRESENT THE URBANISTIC AND ARCHITECTURAL SPECIFICITY WHICH DEFINES ITS CULTURAL VALUE. ARCHITECTURAL ASSETS WERE CREATED DURING SEVERAL DIFFERENT HISTORICAL PERIODS: FROM ILIRO GREEK I AND II CENTURIES (COLCHINIUM, CICINIUM, VICINUM, HELCYNIO), OVER YEAR 734 (ULCINI, DULCINIUM, LICINI, DOLCIGNUM), MEDIEVAL DURING 11TH, 12TH AND 13TH CENTURIES, VENETIAN FROM 1412 TO 1571, TO OTTOMAN FROM 1571 TO 1878.

THE SPECIAL VALUE OF THE OLD TOWN OF ULCINJ IS A COMBINATION OF THESE TYPES OF ARCHITECTURE WITH THE GEOMORPHOLOGICAL CONTEXT, WHICH MAKES IT A SPECIAL EXAMPLE OF HUMAN INTERACTION WITH THE ENVIRONMENT. THE IDENTITY VALUE OF THE OLD TOWN OF ULCINJ REFLECTS THE INTERWEAVING OF VARIOUS CULTURAL INFLUENCES, WHICH IN THE PERIOD FROM THE 1ST CENTURY BC UNTIL THE END OF 19TH CENTURY MODEL THE ARCHITECTURAL VALUES, AND BELONG TO BOTH LATIN VENETIAN WEST AND THE BYZANTINE OTTOMAN EAST.

THE ESSENTIAL AND UNIVERSAL VALUE OF THIS URBAN WHOLE IS REFLECTED IN THE PRESERVED CULTURAL LAYERS THAT WERE CREATED DURING SEVERAL HISTORICAL PERIODS, WHICH IS INDICATED BY ARCHAEOLOGICAL REMAINS AND ARCHITECTURAL STRUCTURES. IT INCLUDES THE HARMONY OF MULTIFUNCTIONAL AND MULTICULTURAL VALUES WHICH MANIFEST THEMSELVES IN THE ORIGINALLY PRESERVED URBAN MATRIX AND FORTIFICATION LAYERS OF THE CITADEL AND THE RAMPARTS.

THE FOUND URBAN AND ARCHITECTURAL ENSEMBLE IS A TESTIMONY TO THE CULTURAL TRADITION AND CIVILIZATION THAT HAS WORKED IN THE AREA OVER THE PAST PERIOD. IT IS ALSO AN EXCEPTIONAL EXAMPLE OF TRADITIONAL SETTLEMENTS OF THIS TYPE THAT CONTINUOUSLY DEVELOPED AND ADAPTED TO THE NATURAL CONFIGURATION OF THE TERRAIN AT ONE OF THE MOST RECOGNIZABLE POINTS OF THE MONTENEGRIN COAST.

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RISK CONSIDERATIONS BASIC RULES

IT SHOULD BE CONSIDERED THAT THE VALUE OF INVESTMENTS, AS OF THE INCOME FROM THEM, MAY GO DOWN AS WELL AS UP, AND IS NOT GUARANTEED BY ANY BUSINESS FORECASTS, MEANING THAT INVESTORS MAY NOT GET BACK THE AMOUNT OF MONEY INVESTED. LT CANNOT BE CONSIDERED AS A RELIABLE TRACK ALL PAST PERFORMANCES AS A GENERAL GUIDE FOR FUTURE PERFORMANCES. ANOTHER IMPORTANT ASPECT IS THAT EXCHANGE RATE CHANGES MAY ALSO CAUSE THE VALUE OF OVERSEAS INVESTMENTS OR INVESTMENTS DENOMINATED IN DIFFERENT CURRENCIES TO RISE OR FALL.

THAT IS WHY WE RECOMMEND INVESTORS TO TAKE ADVICES FROM THEIR OWN INDEPENDENT, PROFESSIONAL FINAN CIAL ADVISERS BEFORE MAKING AN INVESTMENT DECISION AND ARE RESPONSIBLE FOR ASCERTAINING ANY INCOME TAX OR OTHER TAX CONSEQUENCES WHICH MAY AFFECT THEIR ACQUISITION OF ANY INVESTMENT.

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