Antena 3 CNN Romania The first town in Romania to go bankrupt. The Town Hall’s debts exceed the local budget

The first town in Romania to go bankrupt. The Town Hall’s debts exceed the local budget

<1 minut de citit Publicat la 14:47 18 Iun 2013 Modificat la 14:47 18 Iun 2013
The first town in Romania to go bankrupt. The Town Hall’s debts exceed the local budget
Aninoasa is the first town in Romania to enter insolvency because the debts exceed the local budget.

The Hunedoara Magistrates Court Decision is not final, but it is enforceable. This means that the local authority’s money will be managed by a trustee, not the mayor, as it was before.

Aninoasa Hall indebtedness reached 150% and the amount of bank loans is RON 5.7 million, while the local budget for this year was set at RON 4.2 million.



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