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Renewal of housing fund requires Sk66 billion

FROM 2007 to 2013 around Sk66.1 billion (€1.7 billion) should be invested into the renewal of Slovakia's housing fund, according to a report approved by the Slovak cabinet on October 12, the Pravda daily wrote.

Of the sum, Sk38.3 billion (€985 million) should be invested from the repairs and maintenance funds, specialized building savings banks and banks providing mortgage loans should contribute around Sk24 billion (€62 million).

The Construction Ministry estimated that the public funds for the elimination of systematic malfunctions could reach around Sk800 million (€20.6 million) in the form of funding and the loans from the national housing development fund could reach Sk3 billion (€77 million).

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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