BUSINESS

Sokolac Takes Loan of Three Million KM To Build Ethno Villages

The municipal assembly in Sokolac reached a decision to take out a loan for three million KM.

The mayor of the municipality Milovan Bjelica said that the money would be used for the construction of an ethno village in Ravna Romanija, the reconstruction of roads and the municipal assembly building, as well as the construction of a pool.

He added that a part of the loan would be used for working capital for settling the obligations required of the municipality on various grounds.

The credit loan would be for 10 years at 120-month installments with a grace period of nine months.

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