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The Republic of Venice, officially the Most Serene Republic of Venice and traditionally known as La Serenìssima, was a sovereign state and maritime republic with its capital in Venice. Founded, according to tradition, in 697 by Paolo Lucio Anafesto, over the course of its 1,100 years of history it established itself as one of the major European commercial and naval powers. Initially extended in the Dogado area (a territory currently comparable to the Metropolitan City of Venice), during its history it annexed a large part of Northeast Italy, Istria, Dalmatia, the coasts of present-day Montenegro and Albania as well as numerous islands in the Adriatic and eastern Ionian seas. At the height of its expansion, between the 13th and 16th centuries, it also governed the Peloponnese, Crete and Cyprus, most of the Greek islands, as well as several cities and ports in the eastern Mediterranean.