In news from Balkans.com, Montenegro Airlines’ CEO, Zoran Djurišić will reportedly be replaced at the end of May on account of the airlines recent heavy losses. Mr. Djurišić has been at the helm of the now beleaguered airline since its creation almost 20 years ago. The airline ended 2012 on a horrendous financial note losing some €23.5 million euro. Meanwhile Ryanair appears ready to take up Montenegro traffic slack if the airline staggers or folds.

Starting today SpiceRoads Cycle Tours adds incentive for those who would love to Bike the Balkans. Their continuing program to promote touristic destinations in emerging countries reveals Albania, Macedonia and Montenegro with $150 savings on first time departures there via the tours.

Montenegro’s government is looking to capitalize on its position as one of the world’s fastest growing tourist destinations, with the development of its first PGA Tour-standard golf course near the resort city of Kotor.

Festival news from Podgorica brings visitors to Montenegro a wonderful family event, the Children’s Film Festival to be held in the cinema Cineplexx Delta Cityju. The so called KIDS FEST is set to present an international film showing to audiences beginning tomorrow and ending next Sunday.

Montenegro’s rapid transformation as a tourist destination continues unabated, with a record breaking 1.15 million tourists visiting the country in the first eight months of this year, according to latest government figures.

Investment news from Podgorica, Montenegro, Slovenia investors have their eyes on the famous Lipska Cave (Lipska pecina) in Cetinje. The investment group says they are interested in building the touristic value of the cave and nearby Cetinje through direct investment and marketing activities.

In recent years, Eastern Europe has gained popularity among the most fashionable summer destinations, becoming an elegant fusion of history, culture and sexy beaches.

Amid accusations Montenegro Airlines desires some kind of monopoly on the Balkans country’s airspace, CEO of the company, Zoran Djurišić, announced his invitation to executives of three of the former Yugoslavia’s biggest carriers, Croatia Airlines, Jat Airways, and Adria Airways, to a sort of summit on the Budva Riviera.

If romance is what you want for your winter holiday, you’re in luck: Eastern Europe isn’t short of romantic getaways, as long as you know where to look.

More tourists have visited Montenegro this year, than in 2010 – and the future holds much more in store for this spending Adriatic destination.