Sofia Municipality to make a non-cash contribution to the capital of Municipal Bank

Sofia Municipality will transfer five of its real estates as a non-cash contribution to the capital of Municipal Bank PLC, the Sofia Municipal Council decided today. The real estates will be evaluated by experts and the property will be transformed from public to private municipal property. One of the real estates is a branch of the bank in the Mladost 3 residential complex and the others are located on Knyaginya Maria-Luiza Blvd, Serdika St., in Oborishte region and on Slaveykov Square. If the property is transferred to Municipal Bank as a non-cash contribution and the minority shareholder takes no action to increase its share participation, the aggregate stake of the companies controlled by it in the bank's capital will be reduced to 23%. The decision was supported by the councillors of GERB (Citizens for European Development of Bulgaria), the Blue Coalition, the Ataka Party and the National Movement for Stability and Progress, while those from the Internal Macedonian Revolutionary Organisation and BSP (Bulgarian Socialist Party) respectively voted against and abstained.

At the end of last year, Sofia Municipality gained full control over the management of the bank. Currently, it is the majority owner of Municipal Bank PLC, with a 67.5% stake. According to municipal councillor Orlin Alexiev, who is one of the authors of the proposal, if the municipality increases its share participation in the financial institution by about BGN 10 mln, its stake together with the share of the municipal companies will increase to 77-78%.

Large-scale inspections for the required registration of pet dogs have been ordered by Sofia Mayor Yordanka Fandakova, this became clear at today's session of the Municipal Council.

"The deadline for reducing the population of stray dogs by 95% unitl the year 2016 is realistic. I do not understand why everyone has an active position now but we do not hear additional or more serious proposals when we discuss the issue," commeneted Fandakova. According to her, there should be clearly set criteria for identifying 'aggressive' dogs. "We cannot wait for a dog to bite someone in order to have a proof that it is aggressive. Now, some people are even questioning the aggressive behaviour of the dogs we caught in the Malinova Dolina residential area," said the Mayor. She assessed the idea of moving the residential areas for students to the village of Lozen as attractive but hard to implement.
 

Прочети цялата новина

Свързани новини: