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Montenegro

THE MUNICIPALITY OF BUDVA 14. 08. 2013.   >>  17:42 0

THE MUNICIPALITY OF BUDVA

Fab live seized property ceded to the State

The assets of the company Fab live seized by the Municipality of Budva for debt utilities of about 6.5 million euros will be assumed by the state, the Mayor of Budva Lazar Radjenovic said at the press conference.

"The property that we seized from the company Fab live, we will in accordance with the Regulation on the procedure of collecting the tax claims of property tax payers, give the state at the expense of our debt on behalf of the unpaid taxes and contributions, " Radjenovic said.

He pointed out that the decision must be verified by the local assembly.

"Our debt to the state amounts to 8,290,980.02 EUR. Agreement on financial restructuring was agreed to be rescheduled in five years, and each month we were obliged to settle the amount of 135 thousand EUR, Radjenovic said.

Five major investors, according to the chief of the billing land charges of residential land, Ivan Dajkovic, is in default of payment of utilities. As stated, Fab live owes 6,426,535 EUR, the company Nivel 3,000,000 EUR, Avala 4,000,000, company Harmony 5,000,000 EUR, company MCC Engineering 2.000.000 EUR per unpaid debts utilities.

During the summer season, the municipality earned more than a million Euros from the collection of tourist tax, which was significantly higher compared to last year, when the municipality earned 674,000 euros.

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