Nova Ekonomija: Progressive Party Official Gets EUR1.6m in Subsidies for Building Hotel | Beta Briefing

Nova Ekonomija: Progressive Party Official Gets EUR1.6m in Subsidies for Building Hotel

Source: Beta
Archive / News | 01.11.19 | access_time 11:29

Lukovo (printscreen: YouTube/Milos Urukalo)

Joint stock company Planinka, which bottles Prolom Voda mineral water and owns several spas in Serbia, will receive EUR1.6 million from the state budget to build the Bela Jela Hotel in the Lukovska Banja spa resort, the Nova Ekonomija magazine reported on Nov. 1.

According to the contract Nova Ekonomija had access to, funds have been approved for Planinka's hotel construction with the aim of expanding Lukovska Banja's capacities, as part of the facilities of the Prolom Banja Specialized Rehabilitation Hospital.

The magazine said the subsidy will be paid out in two installments, specifically about EUR1 million in 2020 and EUR640,000 in 2021.

Implementation of the investment is to result in the full-time employment of at least 70 new workers by 2020, while Planinka is contractually obliged to carry out the investment by the end of 2020, in the amount of no less than EUR8.1 million.

Nova Ekonomija recalled that Planinka AD is the company that bottles Prolom Voda mineral water, manages the Prolom and Lukovska Banja spas and the Djavolja Varos nature park, and that it was revealed in August that it had also purchased the Kursumlijska Banja spa.

The company is headed by Radovan Raicevic, who has been the general manager since 1989 and who is also, as Nova Ekonomija reported, the Serbian Progressive Party chief in Kursumlija. He was also a Progressive MP in the Serbian parliament's 2012-2014 convocation.

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