Part II Businessplan Panorama Hill Resort

PROJECT SUMMARY

“PANORAMA HILL RESORT”

- THE GATEWAY TO FREEDOM AND NATURE -

We intend to build a special high quality exclusive resort in the midst of an undeveloped natural area, with an unforgettable 360 degree panoramic view of the sea. So, the high mountains of Albania, the Nature reserve for penguins, and the longest sandy beach in Montenegro.

We are building an eco community with at least 80% open space, lots of greenery, flora and fauna. All modern conveniences are available State of the art health and healing facilities Convalescent homes and permanent housing for the over 40 community.

In addition, we are also building in Resort "Part III" in the mountain slope, with a view of the lake and the high mountains behind it, for vacationers from all over the world, where the exclusive wooden houses of various sizes, above the tops of the trees, on a steel Construction stand, and offered for rent.

The entire area on Part II and III is monitored 24/7 by fencing and security personnel.

On the Top we build the First Alpaca Trekking Farm in Montenegro. People will come to this attraction to see these wonderful animals and walk with them in their own demarcated wildlife sanctuary. People come back to nature and enjoy the rest of life.

Prescription for a Covid battered World:

Minimalistic, sustainable & holistic living Focus on health and healing..

The guests receive local organic fruit and vegetables from our own cultivation and meat from the neighbourhood.

• ALPACA FARM with Trekking Service for the Guests

• 180 EXCLUSIVE WOODEN HOUSES ON THE HILL WITH VIEW ON THE LAKE ON PART III (WOODEN HOUSE between 45 OVER THE TREES ON A STEEL FRAME, TILL DOWN TO THE LAKE!

• FITNESS COURTS over the trees on a steel frame.

• 203. 000 M2 OWN PLOT around 10,000,oo +ha. NATUR PARK FOR THE

• 1 RESTOURANT AND 1 OFFICE ON PART III direct on the LAKE (400 m2 WFL)

•

All ROUND FULL SERVICE

We offer an all round full service. The investor buys the living space, not the land. The management company maintains and manages the entire resort, cleans the pools, if necessary also during your absence, the interior. We offer a delivery service, we can also help to rent out the bungalow if you wish. The resort is guarded 24/7 to ensure maximum security and comfort. In the restaurant you only get organic products directly from the neighbouring farmers.

PROJECT SUMMARY

Panorama Hill Resort Part III

PROJECT SUMMARY Part II

PROJECT SUMMARY Part II

PROJECT SUMMARY Part II

PROJECT SUMMARY Part II

Three different Types of Houses

1.2 PROJECT SUMMARY Part III

PanoramaHillResort PartII

PROJECT SUMMARY Part III

v

Behind

A round 10 minutes walking to the Sasko jezero lake.

Panorama Hill Resort Part I

2.0 TOTAL INVESTMENT

Estimated project investment

PART II ECO RESORT with exclusive 90 Bungalows / Villas (full furnish) with Swimming Pool, complete furnish on the Hill with 180 qm2 build space on a own Ground of total 83.000 m2 plus around 350.000 rented Ground with Restaurant, Office and a Alpaca Farm, with Panorama VIEW of the see side in front and Mountain in the back.

Note Bungalows can be rented out or selling! In both variant is the Return of Invest in 4 5 Years

PART III ECO RESORT with 180 exclusive Wooden Houses on the Hill with View on the Lake. The size of the Wooden Homes are between 45 85 M2 WFL and stay over the Trees on a steel frame, till down to the Lake! On the total own Ground of 117000 m2, we build also a Restaurant and Office.

Note The Wooden Houses are for Rent out, can be also selling for small Customer who like to get a Residency of Montenegro. The Return of Invest is in 4 5 Years

The entire area on Part II and III is monitored 24/7 by fencing and security personnel. ow

12,267, 900 ,00 €

17.893 500 ,00 €

TOTAL round up INVESTMENT 30.200.000,00 €

2.1. RETURN OF INVESTMENT

MINIMUM Return of Investment :

Return of Investment trough rent out 180 Wooden Houses in Part III:

• Accommodation costs in summer (5 months high season) per night for 45 m2 living space on Part III = 120 EUR Accommodation costs in winter (3 months) = 80 EUR In Total Income (90 x120x5x30) + (90 x80x3x30) = 2,268,000 EUR p.a.

• Accommodation costs in summer (5 months high season) per night for 85 m2 living space on Part II = 160 EUR Accommodation costs in winter (3 months) = 120 EUR In Total Income (90 x160x5x30) + (90 x120x3x30) = 3,132,000 EUR p.a.

• Calculate Utilization of 80 % is in Total 4.320.000 EUR p.a

Return of Investment trough rent out 80 Bungalows with Swimming Pool in Part II:

• Accommodation costs in summer (5 months high season) per night for 95 m2 living space on Part II = 250 EUR Accommodation costs in winter (3 months) = 120 EUR In Total Income (80 x250x5x30) + (80 x120x3x30) = 3, 864,000 EUR p.a.

• Calculate Utilization of 80 % is in Total 3.091.000 EUR p.a

MINIMUM Return of Investment : Return of Investment trough rent out 180 Wooden Houses in Part III:

• Accommodation costs in summer (5 months high season) per night for 45 m2 living space on Part III = 120 EUR Accommodation costs in winter (3 months) = 80 EUR In Total Income (90 x120x5x30) + (90 x80x3x30) = 2,268,000 EUR p.a.

• Accommodation costs in summer (5 months high season) per night for 85 m2 living space on Part II = 160 EUR Accommodation costs in winter (3 months) = 120 EUR In Total Income (90 x160x5x30) + (90 x120x3x30) = 3,132,000 EUR p.a.

• Calculate Utilization of 80 % is in Total 4.320.000 EUR p.a

3.0. Location (continued)

We intend to build a special high quality exclusive resort in the midst of an undeveloped nature area, with an unforgettable 360-degree panoramic view of the lake, the high mountains from Albania, the Nature reserve for penguins and the longest sandy beach in Montenegro.

The resort is 178 meters high in the mountains, the distance of the project location from the Natural park Solana Bajo Sekulic is less then one kilometer.

Also, the distance to the long beach is around five kilometers while to the oldest city on the Adriatic Coast around eight kilometers.

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.

The project location is located in Briska Gora, Ulcinj

Left side View

v unforgettable 360 degree panoramic view of the lake, the high mountains from Albania, and Nature Park

Almost undeveloped zone in the old forest of more than 100000 hectares.

Front View

v Ocean View and Sand Beach at 5 KM

v Also in front of the nature reserve for hundreds of thousands of flamingos and pelicans, Salina, Ulcinj

Behind View

v unforgettable 360 degree panoramic view of the lake, the high mountains from Albania, and Nature Park

G C I U N I T M O N T E N E G R O R E S O R T 2.0

the most beautiful sunset in Montenegro

Project

To re-invent our health and ‘State of Being’. To pursue the NEW To integrate and reinvent in every way from housing, clothing, lifestyle, working, thinking

To surface from already existing scripts from ancient times and interpret them for ‘Holistic Self’

Transcend from lifestyle diseases to an enhanced 'state of being'

Reinvent how you think Reinvent how you play

A skill based school founded on Dhanurveda to integrate the science of ‘aim’ in target sports like archery, shooting sports and life in general

Overall AIM of

4.1 Get RESIDENCY / ID CARD

Payment option for a Wooden House on the Lake Part III

For the House an advance payment of 51,800 EUR including the immigration and processing fee. (46000 + 5800) He invest and receives his residency ID card from Montenegro after about 3 6 weeks.

2.2.

RETURN OF INVESTMENT

Each family member over the age of 18 has to pay EUR 51,800. Children under 18 years of age can then apply for an ID card free of charge.

WHAT YOU NEED TO APPLY FOR RESIDENCE IN MONTENEGRO

•A copy of your valid passport that does not expire before the permit would

•Proof of a clean criminal record, for all members who are 16 or older

•Proof that you have €3,650 deposited in a Montenegr o bank account. For family applica tions, these numbers are multiplied by the total number of family members

•Marriage certificate

• Birth certificate

•Proof you have somewhere to live and note that this applies both if you own your home and if you rent

NOTE:

In both variants, the buyer must personally pick up the Residency ID card from the Ministry of Montenegro and hand over his biometric data. to the buyer takes place. The buyer paysthe notary costs, additional costs and transfer costs.

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Risk

Montenegro, can be pointed right in the center of a world map, is truly at the heart of discovery, beauty, and opportunity Long considered the pearl of the Balkans, this nation represents the ideal symbiosis between a wild and modern world As one of the fastest growing economies in the Balkans, Montenegro is quickly becoming a key destination for some of the most important industries around the globe, and offers a truly unique potential for investors who are seeking mobility, safety, opportunity, and increased quality of life.

As a Mediterranean country, located in Southeast Europe. It is bordered by Italy to the south (sea border), Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast, Kosovo to the east and Albania to the southeast The capital and largest city is Podgorica, while Cetinje represents the old royal capital and former seat of the monarchy. Not only does Montenegro have excellent sea connections with all Mediterranean countries, and the rest of the world, but also it is quite close to all major European hubs. Montenegro’s natural wealth is very diverse, offering a unique blend of mountain and sea splendor On one side, the seaside of Montenegro is famous for the beautiful sandy beaches, Bay of Boka fjord, attractive islands, numerous bays and clear water, while on the other side you can find mountains with beautiful lakes, deep canyons with attractive scenery, wild rivers, undiscovered and mysterious caves, all of which are surrounded by untouched nature That is the reason why we refer to Montenegro as a country of beauty, some say wild beauty. And that is not all: the Montenegrin coastal and mountain beauties are situated very close to each other, enabling us to enjoy them almost simultaneously

1. MONTENEGRO

GENERAL INFORMATION

Montenegro is located between 41º 52 ´ 43º 42´ north latitude and 18º26´ 20º22´ east longitude, so it belongs to the central Mediterranean or southern Europe In the north it borders Serbia, the southeast with Kosovo and Albania, with the south is separated from Italy by the Adriatic Sea, and to the west by its neighbors Croatia and Bosnia and Herzegovina

Area: 13,812 km²

Population: 620,000

Length of borders: 614 km

Capital: Podgorica (186,000 inhabitants)

administrative and economic center

Capital: Cetinje historical and cultural center Currency: Euro

Length of the seashore: 293 km

Number of beaches: 117 Beach length: 52 km

Longest beach: Velika plaza (Ulcinj) 13 km

Highest peaks: Maja Rosit (Prokletije) 2.524 m, Zla Kolata (Prokletije) 2534m n.v .; Dobra Kolata (Prokletije) 2528m BC; Bobot's Cook (Durmitor) 2523 m v.n.

Largest lake: Skadar Lake

Deepest Canyon: Tara (1,300 m)

National parks: Durmitor, Biogradska Gora, Skadar Lake, Lovcen, Prokletije

Largest bay: Bay of Kotor

Climate: continental Mediterranean

Average air temperature: 27.4 ºC (in summer)

Maximum sea temperature: 27.1 ° C

Average number of sunny days per year: 240

Bathing season: 180 days

Sea: deep blue

Sea transparency: 38 56 m

Timezone: GTM +1

Electrical system: 220V / 50Hz

5.2 Montenegro – market overview

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 euros 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 euros, 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 euros.

Climate characteristics are based on the meteorology station in Ulcinj (announced in the Basic Study CO 1 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/m 2, even though the highest value of daily precipitations can reach above 40l/m 2 During the summer period, daily precipitations in the average amount 1l/m 2. Yearly precipitation in the average amounts 1109l/m 2 that represents the smallest amount of precipitations in the Montenegrin seashore Maximal precipitations in Ulcinj, during the period of 24 h, in the last period of 100 years are estimated on 191l/m 2 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)

5.3 CLIMATE CHARACTERISTICS

5.4. WHY INVEST IN MONTENEGRO

v Politically and econ om ically stab le, d emo cratic, multicultural multi religious society

v A ctive prom oter of g ood neig hbo rly relations and participant in regional cooperation

v Member of NATO since June 2017

v Candidate for membership of the EU (prospective membership by 2025)

v Member of the World Trade Organization (WTO) since 2012 (party to the Trade Facilitation Agreement TFA)

v Member of the World Bank since 2007

v Member of the International Monetary Fund (IMF) since 2007

v Euro (€) is the official means of payment

v 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

v “The Gateway to the Balkans”, thanks to its favorable geographical location at the Adriatic /

v Mediterranean Sea (convenient access for trade via Port of Bar, good railway and road connection to Eastern and Central Europe) and stimulating business environment

v 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,

v Republic of North Macedonia, Serbia, Swiss Confederation, Turkey and UAE

v 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

v 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

v 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;

v Since becoming full member of the NATO Alliance, investments from the Alliance countries in 2018 have grown by 64 1%

v Foreign companies enjoy the same treatment as national companies

v Foreign investors may invest in any industry and are free to transfer funds, assets and other goods, including profit or dividend

v Competitive tax system (general corporate profit tax and personal income tax is 9% , i e 11% for net wages above 720 €)

v Incentives and tax reliefs for investment on both national and local levels, including in purposefully established Business and Free Trade Zones

v Simple procedure for creating a company (four days and founding capital of € 1 )

v Quality banking sector, with 13 private banks (no commercial state owned banks)

v Qualified and affordable workforce: English widely spoken across professions and trades; average gross earning for 2018 €766/ net € 511

v Increasingly popular tourism and lifestyle destination (“Wild Beauty” and “the Pearl of the Adriatic”) One of the fastest travel growing destinations in the world, second fastest growing travel destination in Europe in 2017

v Favorable climate with annual average of 240 sunny days

v Geographical location with good accessibility 2 international airports with year round and seasonal flights with most European capitals and towns and increasing number of flight connections with different regions of the world (including the market presence of low cost carriers)

v Popular nautical / cruising / yachting destination (Port of Kotor, Port of Bar, Porto Montenegro, Porto Novi, Marina Budva, Marina Bar, Luštica Bay )

v Fairly liberal visa regime

5.7. Regional comparison of indicators

GDP per capita, according to purchasing power parity 19,171 17,552 13,583 15,714 13,326 11,664

Real GDP growth rate,% 5,1 4,4 3,6 2,7 4,1 3,8

Current account balance, % of GDP 17,2 5,2 4,1 0,3 6,8 8

FDI,% of GDP 7 7,4 2,2 5,8 8 2,8

Unemployment rate, % 15,2 13,3 18,4 20,7 12,2 29,6

Public Expenditure,% of GDP 46,2 40,6 42,8 31,5 29,3 29,1

Public finance deficit,% of GDP 3,9 0,5 2,2 1,1 1,8 3

Public debt 70,1 50,1 34,1 40,5 64,6 16,9

Average gross earnings in EUR 766 638 720 593 417 528 Source: Annual Macroeconomic Indicators 2012 2018, Ministry of Finance, 2019

REGIONAL INDICATOR COMPARATION (2018)

Indicators Montenegro Serbia BiH North Macedonia Albania Kosovo

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.

6.0 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 .

Even though small in surface area (13800 km 2), 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

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.

6.1. TOURISM IN MONTENEGRO

A country of miracles, a treasure chest full of most wonderful treasures, as if, as the legend says, the God’s bag had really torn apart when he was giving gifts of nature and wonderful things including the mountains and other beauties fell out of it just above Montenegro

However, geographers say that this area in the South of Europe and the Balkans, not large but unique for its diversity, was created in ancient times by the strong forces of nature Made by forces or not it turned beautiful and unusual magnificent

This country is made for all kinds of adventures. In winter, in summer it doesn’t matter you can choose from among so many things You can explore mysterious depths of the coastal area or strength of the sea waves in the furthest south While making your next move, experience hospitality of the people in the arms of nature Make your own path in the wild nature

Something for everyone! You can enjoy spectacular nature; this is a place for absolute relaxation and recreation; this is where you can absorb new energy You can have great fun, adrenalin outbursts, competitive and research thrills. Here you can find small and protected but also long sandy beaches and thousands of kilometers of hiking and biking trails, fast rivers suitable for rafting and kayaking, great ski paths but also untouched landscapes; this is a place of carnivals, concerts, traditional fiestas, theatre played on squares Here you can meet the richest people in the world in our harbors, and shepherds on the mountains whose wisdom will take you back to the Homer’s time and whose calmness will make you feel in harmony with stars Enchanted with the uniqueness of diversity and beauty many keep coming back to Montenegro and every time discover another pearl in the unique treasure chest on the Mediterranean

2010 3.014.418 442.689 2.571.729 100,0 2011 3.170.519 427.105 2.743.414 105,2 5,2% 2012 3.172.900 394.129 2.778.771 105,3 0,1% 2013 3.397.308 385.495 3.011.813 112,7 7,1% 2014 3.085.634 364.816 2.720.818 102,4 9,2% 2015 3.247.820 403.926 2.843.894 107,7 5,3% 2016 3.521.897 407.810 3.114.087 116,8 8,4% 2017 3.890.370 431.370 3.459.000 129,1 10,5% 2018 4.208.955 445.098 3.763.857 139,6 8,2% 2019 4.680.787 480.208 4.200.579 155,3 11,2%

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 km 2), 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.

6.2. 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 km 2), 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

Jan 19 28 28 52,5% 66,9% 60 60 88,4% 87,8%

Feb 19 3 3 95,0% 9 9 97,9% I 2019

Mar 19 126 33 93 64,5% 160 65 95 83,1%

Apr 19 2962 34 2928 13,0% 9,1% 6055 59 5996 30,9% 4,5%

May 19 3720 118 3602 18,8% 14443 354 14089 0,4% II 2019

Jun 19 13176 959 12217 29,0% 64642 2869 61773 10,8%

Jul 19 20913 1192 19721 15,5% 24,2% 116570 5752 110818 19,6% 17,1%

Aug 19 24463 1249 23214 28,6% 129338 6181 123157 17,6% III 2019

Sep 19 11880 621 11259 32,6% 60282 2189 58093 11,5%

Oct 19 2778 306 2472 40,2% 61,7% 11183 893 10290 6,3% 41,1%

Nov 19 684 166 518 395,7% 4198 594 3604 1156,9% IV 2019

Dec 19 69 64 5 7,8% 98 91 7 16,9%

Mar 20 73 8 65 42,1% 102 24 78 36,3%

Apr 20 2 0 2 99,9% 92,1% 58 0 58 99,0% 94,5%

May 20 13 13 0 99,7% 81 81 0 99,4% II 2020

Jun 20 1547 206 1341 88,3% 4553 461 4092 93,0%

Jul 20 1652 954 698 92,1% 88,5% 7301 3653 3648 93,7% 90,4%

Aug 20 3315 1222 2093 86,4% 15492 5074 10418 88,0% III 2020

Sep 20 1611 384 1227 86,4% 6749 1417 5332 88,8%

Oct 20 4 3 1 99,9% 98,8% 14 12 2 99,9% 98,3%

Nov 20 12 8 4 98,2% 60 32 28 98,6% IV 2020

Dec 20 27 0 27 60,9% 190 0 190 93,9%

6.4. 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 15 km 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

6.5. SAND AND SUN TOURISM

The charming sandy beaches are already a token and symbol of Ulcinj’s excellence With natural beauties like the Long Beach, about 13 kilometers long and 50 meter wide, Ada Bojana Island and many small beaches Ulcinj already attracts a remarkable number of tourists during the summer season. This sort of tourism should continue to play a great role in the tourism strategy of Ulcinj The problem that needs to be solved is the seasonality of the clientele that is being attracted as well as the purchase power By diversifying the tourist offer and building on this existing group, the tourists would stay longer and spend more.

6.6. KITEBOARDING AND KITESURFING

Kiteboarding as a surface water sport combines aspects of waterboarding, windsurfing, surfing, paragliding, skateboarding, and gymnastics into one extreme sport A kiteboarder harnesses the power of the wind with a large controllable power kite to be propelled across the water on a kite board similar to a wakeboard or a small surfboard, with or without food straps or bindings Kitesurfing is a style of kiteboarding specific to wave riding, which utilizes standard surfboards or boards shaped specifically for the purpose

Ulcinj is perfectly located when it comes to the natural factors needed for this sport It has also become a center for this sport in the Adriatic The further marketing and development of this sport would prologue the tourism season and improve the tourist offer. According to global statistics, the estimated number of kitesurfers is around 1 5 million with a global market for only kite gear sale of 250 million dollars

6.7. 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

6.8. 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

G C I U N I T M O N T E N E G R O R E S O R T 2.0

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 19 th century model the architectural values, and belong to both Latin Venetian West and the Byzantine Ottoman East

6.9. HERITAGE TOURISM

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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