07 JUL 2011 / 15:52
In an effort to solve their financial problems, local authorities in the seaside resort town of Budva are working intensively to collect communal taxes owed by investors who have constructed buildings in the city.
Budva Vijesti
The most indebted investors in Budva are those who took advantage of an old law allowing them to obtain a building permit prior to paying utility costs. Budva Municipality is owed around €21 million by such companies, with the biggest debtor identified as Podgorica-based Fab Lajv company, which will have to pay more than €8.2 million, Vijesti reports.....more....
read more: balkan insight
http://www.balkaninsight.com/en/article/budva-municipality-owed-e37-million-for-communal-services
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