NIN: State gave EUR33 million to buy land for Belgrade Waterfront

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Photo: Beta

The state of Serbia set aside RSD3.9 billion or almost EUR33 million in last year’s budget in order to purchase land and real estate, so that Belgrade Waterfront project could be realized, weekly magazine “NIN” reports.

“The Secretariat for Property and Legal Affairs of the Belgrade City Administration has confirmed in its memo to “NIN” what has only been suspected, that state is using taxpayers money to purchase private companies, and then cede their immovable property without any compensation, in order to expand the Belgrade Waterfront project,” weekly magazine reports.

As stated, that Secretariat confirmed suspicions only after “NIN” requested the right to information, according to the Law on Free Access to Information of Public Importance.

“NIN” writes that in November last year it found out from several independent sources that state paid RSD1.9 billion or around EUR16.25 million from the budget at the beginning of last year’s August for expropriation of immovable property of the company “Eurosalon Real Estate” in 12 Vojvode Misica Boulevard, next to the Belgrade Fair.

“Only a few days later state ceded that property without compensation to a formally a foreign company “Eagle Hills” from the United Arab Emirates, which owns 68 percent of capital, and Serbia despite that remained the owner of 32 percent, “NIN” reports.

Source: Beta

Photo: Beta