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Sunday, January 18, 2009

Montenegro

Montenegro - Is officially known as Montenegro, once the The State Union of Serbia and Montenegro. Montenegro is a European Country and shares borders with Croatia, Bosnia and Herzegovina, Serbia and the disputed entity of Kosovo, Albania and the Adriatic Sea. After World War I, Montenegro was absorbed by the Kingdom of Serbs, Croats, and Slovenes, which became the Kingdom of Yugoslavia in 1929; at the conclusion of World War II, it became a constituent republic of the Socialist Federal Republic of Yugoslavia. When the latter dissolved in 1992, Montenegro federated with Serbia, first as the Federal Republic of Yugoslavia and, after 2003, in a looser union of Serbia and Montenegro. In May 2006, Montenegro invoked its right under the Constitutional Charter of Serbia and Montenegro to hold a referendum on independence from the state union. The vote for severing ties with Serbia exceeded 55% - the threshold set by the European Union - allowing Montenegro to formally declare its independence on 3 June 2006.
Severe unemployment remains a key political and economic problem for this entire region. Montenegro has privatized its large aluminum complex - the dominant industry - as well as most of its financial sector, and has begun to attract foreign direct investment in the tourism sector.
The first recorded settlers of present-day Montenegro were Illyrians, the Docleata. In 9 AD the Romans conquered the region of present-day Montenegro.

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