Belovo Municipality announced that it has managed to pay off all its debts, making significant progress in improving its financial situation. During the administration under the leadership of Mayor Eng. Stoyko Stefanov, the municipality repaid liabilities totaling nearly 3.7 million leva to banks and financial institutions.
It becomes clear from the announced results that a portion of the over 20 enforcement cases against private bailiffs have been resolved, and liabilities to the FOND FLA, PUDOOS, the Energy Efficiency Fund, and the Ministry of Finance have also been fully paid.
In addition, a substantial loan from Investbank has been repaid. These successes were achieved thanks to financial discipline and determination, not promises.
The biggest challenge remains the burden of the remaining liabilities – nearly 10 million leva, on which approximately 13% annual interest continues to accrue.
The next goal of the municipal leadership is to tackle this financial load that weighs on the residents of Belovo Municipality. Despite opposition and criticism, Mayor Stefanov's team remains firmly determined to move forward.
Belovo Municipality demonstrates that it can recover and build stability, setting a clear direction towards a strong and independent community.
Source: pa1-media.bg
Comments
No comments yet. Be the first to comment!
Join the conversation
You need to register and confirm your email before writing comments.