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For example, Real Estate Administration (former Republic Institute for Geodetic and Property-legal Affairs), which is supposed to provide certainty and legal safety of real estate, i.e. formalization of property of land and buildings as elementary condition for efficient development. [3]
Montenegro experienced a real estate boom in 2006 and 2007, with wealthy Russians, Britons and others buying property on the Montenegrin coast. As of 2008, Montenegro received more foreign investment per capita than any other nation in Europe. [32]
Either way, Podgorica, the capital and main road junction in Montenegro, is around 60 km (37 mi) away. Budva is connected to the rest of the coastal towns of Montenegro by the Adriatic Highway, which extends from Ulcinj in the far south to Herceg Novi in the north, and on to Croatia. Tivat Airport is 20 km (12 mi) away.
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Rank City / Town 2023 pop. Region 1: Podgorica: 172,139 Central 2: Nikšić: 32,046 Central 3: Budva: 19,497 Coastal 4: Pljevlja: 16,111 Northern 5: Herceg Novi
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Bijelo Polje Municipality (Montenegrin: Opština Bijelo Polje, Општина Бијело Поље) is one of the municipalities of Montenegro, and is located in northern Montenegro, in the Lim river valley, being part of Raška region. Its administrative centre is the town of Bijelo Polje and it covers an area of 924 km 2. In 2023, the Bijelo ...
Bijela was the home of the Jadransko brodogradilište Bijela, (Montenegrin: Јадранско бродоградилиште Бијела) ("Bijela Adriatic Shipyard"), the largest maintenance and repair shipyard dock in Montenegro. The remains of the bankrupt enterprise were sold off in 2020. [2]