Plitvice Lakes National Park is one of Croatia's most popular tourist attractions. Photo: Charukesi Ramadurai
Plitvice Lakes National Park is one of Croatia's most popular tourist attractions. Photo: Charukesi Ramadurai
Plitvice Lakes National Park is one of Croatia's most popular tourist attractions. Photo: Charukesi Ramadurai
Plitvice Lakes National Park is one of Croatia's most popular tourist attractions. Photo: Charukesi Ramadurai

Hiking in Croatia's Plitvice Lakes National Park


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The air is so pure that my city-dwelling lungs send a puzzled question to my brain as I breathe in. The water is so still, sunlight glints off its surface, casting sinuous reflections onto the shore. This is the stuff of postcards — powder-blue skies and emerald-green foliage, with hilly peaks silhouetted in the distance.

Best of all, my husband and I are the only people for kilometres. We walk up and down the isolated trail, hardly able to believe we have it all to ourselves. After all, Plitvice Lakes National Park is supposed to be one of the most popular and crowded tourist attractions in Croatia, welcoming more than one million visitors annually.

But then, we are not inside the formal boundaries of the park, but at the outer corners of the Proscansko jezero, or lake, far removed from the madness that engulfs these parts on most days.

Plitvice (pronounced Pleet-vith-suh) is less than three hours from Zagreb, but we took our time along the narrow hilly roads, stopping frequently to enjoy the views and the odd cup of coffee. And so we reached our guest house way past lunchtime, too late to use our pre-booked tickets for the park.

Less than three hours from Zagreb, Plitvice welcomes one million visitors a year. Photo: Charukesi Ramadurai
Less than three hours from Zagreb, Plitvice welcomes one million visitors a year. Photo: Charukesi Ramadurai

I am thrilled that we have chosen this secluded place to stay, given the chaotic jumble of hotels and guest houses crammed on the main road close to the park gates. I could easily sit all evening on the small balcony outside my room, looking at the geese, ducks, cows and dogs frolicking at this functional farm next to a placid stream.

But Gojko, the friendly owner of Guest House Koncar, is insistent that we get out and explore the lake that’s almost in their backyard. This one is very special, and you don’t even need tickets, he urges us. A couple of hours later, I’m sending up a quiet thanks to him from my stone seat on the shore.

The next morning, we drive out bright and early to Gate 2 of the national park, which we have entry tickets for. The walk from there is almost entirely downhill, on a network of boardwalks reached by a quick ride on the park’s sightseeing train. Water is a constant companion over the course of our hike — in the form of sprawling lakes, gurgling brooks and shimmering waterfalls, sometimes all contained within a single vista, which constantly shifts in colour, depending on the mood of the sun high above and the presence of minerals deep below.

The park covers an area of 300 square kilometres. Photo: Charukesi Ramadurai
The park covers an area of 300 square kilometres. Photo: Charukesi Ramadurai

Densely forested with beech, spruce and fir trees, hiding bears and wolves, 321 species of butterflies and more than 75 endemic plants, Plitvice Lakes National Park covers an area of 300 square kilometres. The park is dotted with 16 lakes, interconnected by dozens of waterfalls and streams, and strewn with millennia-old limestone caves and canyons. It was declared a National Park in 1949 and included in Unesco’s list of world heritage sites in 1979 for its outstanding geological and ecological value.

There are eight defined walking routes through the park, and we choose one that takes us on a neat 9 km circuit. We walk at a leisurely pace, with frequent stops along the way — not due to over-exertion, but because of our sheer delight and awe at the terrain. And since we are not in a rush to get anywhere, we also end up exploring little paths that branch off into unexpected caves and viewpoints.

Given how tranquil Plitvice is despite the throngs of tourists, it is difficult to imagine that this is where the Yugoslav Wars broke out in 1991. Like the rest of Croatia, the park has put its ravaged past behind it, hiding its bloody scars behind these colourful landscapes.

Dramatic waterfalls punctuate the park
Dramatic waterfalls punctuate the park

We eventually reach the banks of Kozjak lake and a large electric boat transports us to its other side — to the starting point of the Lower Lakes section. If the Upper Lakes have been mostly even surfaces with the gentlest of gradients, this part of Plitvice is all ups and downs, steep climbs to strategic viewpoints and sudden descents into the boardwalk nearly at water level. It does not feel as open and expansive, given the way the vertiginous limestone canyons and cliffs of the Korana river loom all around.

But it is just as picturesque, if more raw and rough. The Lower Lakes are also home to the park’s more dramatic waterfalls, including the Veliki Slap and the Sastavci Slap, both tumbling forth not as one giant force, but as several milky cascades.

Our day in Plitvice is long but, after seven hours of hiking, we feel rejuvenated, even exhilarated — with the pervasive blues and greens soothing the body, as well as the soul.

UAE currency: the story behind the money in your pockets

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The Laughing Apple

Yusuf/Cat Stevens

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Updated: March 04, 2024, 6:24 AM