SISAK CITY COUNCIL EXEMPTS IRONWORKS FROM PAYING MUNICIPAL FEES

SISAK, Feb 26 (Hina) - The Sisak city council on Wednesday decided by majority vote to exempt the Conares Balkan company, the future owner of Sisak Ironworks, from paying municipal services and company taxes for a period of three years. #L# A request in writing to that effect was submitted to the city council by Nassiboulla Mukhatdinov, director of Conares Balkan and future director of Sisak Ironworks. It was noted in the request that the new owner of the company in return promised to keep all of the company's 1,700 employees and invest six million euros in modernising the company's plants in the next six months. (hina) rml