Unsuccessful development plans from the 1990s are still felt by the Bratislava's Devín district. This 'adventure' saw no shortage of the dubious issuing of promissory notes and suspicious selling of land, and has left the district in forced administration for the last 18 years.
However, even forced administration is not helping the municipality get rid of its debts, currently amounting to almost €12 million. On the contrary, its liabilities to creditors are increasing by €300,000 every year, while its income reaches only €1 million.
An amendment to the Act on Municipal Budget Rules designed for hopelessly indebted municipalities is set to help the district. It was submitted by the SaS and Sme Rodina parties, proposing that it should take effect August 1 this year.
So far, the proposal has passed the first reading.
Devín’s currant wine is back Read more The law will also help others
