During the years 1714-1718, the Ottomans had been successful against Venice in Greece and Crete, but had been defeated at Petrovaradin (1716) by the Austrian troops of Prince Eugene of Savoy.

The treaty reflected the military situation. The Ottoman Empire lost the Banat and southeastern Syrmia, central part of present-day Serbia (from Belgrade to south of Kruševac), a tiny strip of northern Bosnia and Lesser Walachia (Oltenia) to Austria. Venice renounced to the Peloponnesus peninsula (Morea in Italian) and Crete, gained by the Treaty of Karlowitz, retaining only the Ionian Islands, the cities of Preveza and Arta and Dalmatia.

The result of the treaty was the restoration of Habsburg administration over much of the territory of present-day Serbia, which they had temporarily had during the Great Turkish war between 1688 and 1699, and the effective establishment of the Kingdom of Serbia crownland, which would be acceded to the Ottomans in accordance to the Treaty of Belgrade, which had effectively reverted some parts of the Passarowitz treaty. Following the Treaty of Passarowitz, an Habsburg crownland known as the Banat of Temeswar was also established.

Northern Bosnia, Habsburg Kingdom of Serbia including Belgrade, southern parts of the Banat of Temeswar and Lesser Walachia were regained by Ottoman Empire in 1739 by the Treaty of Belgrade.

Text: http://en.wikipedia.org/wiki/Treaty_of_Passarowitz

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