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Sofia municipality cancels 16 property swops

Fri, Mar 26 2010 10:02 CET

byDnevnik.bg

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Sofia municipality cancels 16 property swops

Sofia city hall

Photo: Assen Tonev

Sofia city council, in a decision on March 25 2010, cancelled 16 swop transactions involving municipal real estates approved between 2001 and 2007.

City council secretary Ralitsa Stoyanova said that the move follows legislative changes introduced in 2009, which bans this type of deal.

"The law stipulates that al swaps that had not been completed by the end of March 2009 had to be declared void," she said.

City council chairperson Andrey Kehayov said that citizens and companies involved in such transactions had no grounds to take court action against the municipality.
 
 Source: Dnevnik.bg

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