Croatia provides the land in private hands

21.09.2010 18:04
The Government of Croatia plans to give private investors 28 million square meters of public land. Part of the sites will be sold, and some - leased, reports Bloomberg.

Ongoing land scattered across the country, including on the Adriatic coast - a popular vacation spot for Europeans. The government decided to get rid of them to fill the budget deficit. This will allow the country to finish negotiations with the European Union, in which Croatia hopes to join in 2012.

According to a representative of Croatian property fund, the documents on the first batch of land (110,000 square meters) are ready. In the near future, the Government hopes to gain state property for 7.5 million dollars.
Content tags: Overseas property land
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