Buzz: Montenegro as the “Monaco of the Balkans”
A group of billionaire investors including Oleg Deripaska (Russia's richest man) and LVMH chairman Bernard Arnault are backing a scheme to turn Tivat, a derelict port and ex-Yugoslav naval base in the former communist country of Montenegro, into the next playground for the megarich.
Porto Montenegro, aka "Monaco of the Balkans," will be home to a "marina for the oversized yachts of the rich and famous." Four Seasons is even planning to open a luxury property there. Russian oligarch Roman Abramovich has his sights set on a nearby beach for his own luxury resort.
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