{"id":207686,"date":"2008-11-17T09:29:00","date_gmt":"2008-11-17T09:29:00","guid":{"rendered":"http:\/\/new.moldova.org\/2008\/11\/17\/chisinau-city-hall-says-it-cannot-pay-its-debts-to-termocom-165604-eng\/"},"modified":"2008-11-17T09:29:00","modified_gmt":"2008-11-17T09:29:00","slug":"chisinau-city-hall-says-it-cannot-pay-its-debts-to-termocom-165604-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/chisinau-city-hall-says-it-cannot-pay-its-debts-to-termocom-165604-eng\/","title":{"rendered":"Chisinau City Hall says it cannot pay its debts to Termocom"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

“The Chisinau City Hall does not have financial resources to pay the debt of 140 million lei that it owns to Termocom, as it pledged in the memorandum signed with Moldova-Gaz and Termocom. <\/p>\n

At Monday’s meeting of the City Hall, the head of the Finance Division Maria Caraus said that the City Hal now has only 8 million lei of the 140 million lei. This money was planned for paying compensations for heat. Caraus said that no other money is now available.
\n\"\"
\nThe Ministry of Finance will allocate 70 million lei to the City Hall for paying a part of the debts, but this money is to be paid back. The other part of the debts would be paid from bank loans or from privatization revenues, what is to the detriment of the City Hall, as Mayor Dorin Chirtoaca said. <\/p>\n

“The sale of property is not a solution. Now we sell what’s left and next year we will sell the city,” Chirtoaca said. According to him, a solution is to keep the present heating tariff. In order to obtain additional financial resources, Chirtoaca proposed instituting a “tax on Communism”. <\/p>\n

Vlad Modarca, the head of the Architecture, Urbanism and Land Relations Division, suggested auctioning small plots of land owned by the City Hall. A sum of about 20 million lei could be earned this way. Yet, Modarca said that it would not be easy to find buyers as most of the plots sold at the previous auctions were purchased principally from bank loans.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Chisinau City Hall says it cannot pay its debts to Termocom<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-207686","post","type-post","status-publish","format-standard","hentry","category-society"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

“The Chisinau City Hall does not have financial resources to pay the debt of 140 million lei that it owns to Termocom, as it pledged in the memorandum signed with Moldova-Gaz and Termocom. <\/p>\n

At Monday’s meeting of the City Hall, the head of the Finance Division Maria Caraus said that the City Hal now has only 8 million lei of the 140 million lei. This money was planned for paying compensations for heat. Caraus said that no other money is now available.
\n\"\"
\nThe Ministry of Finance will allocate 70 million lei to the City Hall for paying a part of the debts, but this money is to be paid back. The other part of the debts would be paid from bank loans or from privatization revenues, what is to the detriment of the City Hall, as Mayor Dorin Chirtoaca said. <\/p>\n

“The sale of property is not a solution. Now we sell what’s left and next year we will sell the city,” Chirtoaca said. According to him, a solution is to keep the present heating tariff. In order to obtain additional financial resources, Chirtoaca proposed instituting a “tax on Communism”. <\/p>\n

Vlad Modarca, the head of the Architecture, Urbanism and Land Relations Division, suggested auctioning small plots of land owned by the City Hall. A sum of about 20 million lei could be earned this way. Yet, Modarca said that it would not be easy to find buyers as most of the plots sold at the previous auctions were purchased principally from bank loans.<\/p>\n

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