Published on: 15.10.2009 | 12:09
Last update on: 15.10.2009 | 12:32
Last update on: 15.10.2009 | 12:32
LOCAL GOVERNMENT
Trogir and Slavonski Brod two Croatian towns gone bankrupt
Author/source: SEEbizZAGREB - Trogir, coastal town under UNESCO's protection, is facing bankruptcy due to around HRK 130mn in immediate liabilities, mostly for refurbishing town halls and purchasing land.
"I will not sell assets in order to settle the debt of the former city officials as this would not be moral towards citizens", Trogir Mayor, Damir Rilje, said.
However, this is not possible in case of Slavonski Brod, a small town located in eastern Croatia. Namely, the local government needs to repay EUR 572,200 plus interests to local construction company "Novogradnja" as compensation.
"The citizens of Slavonski Brod, who fought in the 1991-1995 war, will not allow war profiters to take away their land and state institutions should investigate possible corruption and criminal actions in this case", town's Mayor, Mirko Duspara, commented.
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