The neighboring settlements are: Veternička Rampa and Bistrica in the south, Detelinara and Avijatičarsko Naselje in the east, Industrijska Zona Jug in the north-east, and Sajlovo in the north-west.Since 1924, the airport has celebrated the aviation Slava of Saint Elijah (August 2nd), and since 1926 the King's Cup competition has been held regularly on the birthday of Crown Prince Peter on September 6.After the occupation of Bačka, the Germans built a 800-metre-long concrete runway and used the airport to fly and service planes intended for the Eastern Front.[2][5] For most of the 20th century, Jugovićevo was left undeveloped, with only large department stores and markets built across Vojvoda Stepa Boulevard for the newly made Novo Naselje neighborhood (later named Bistrica) and its residence (this would continue towards the 2020s).The Dositej Obradović elementary school announced the public procurement for the selection of contractors, while Mod Arhitekt from Novi Sad was charged for architectural project.The construction is spearheaded by Montop Pro firm of Marko Bosanac Bosketa, member of the Serbian Progressive Party.At 8 December 2023, foundations for the school were planted during a ceremony by the Mayor of Novi Sad Milan Đurić, member of the City Assembly Dina Vučinić, and Montop Pro owner Marko Bosanac Bosketa.[11][12] The neighborhood has privately owned, restaurants, cafes, and banquet halls showcasing typical Serbian and international food and drinks.Some of the economic and financial areas in Jugovićevo are: "Vatrogas" Institute, "HET BARD" (corporate office), "IMPULS HEMIJA" (chemical manufacturer), "Limnos" (textile mill), etc.Currently, Jugovićevo has no recreational areas (apart from "Starli" amusement park) for its residence, with only a few small public green spaces between the large residential blocks.