The Mayor of Struga, Mendi Qyra, has announced that the municipality has reduced its debt by more than 1.5 million euros. According to the mayor, creditors also waived around 200,000 euros of interest as part of the settlement.
Earlier in the year the municipality also sold an official vehicle and directed the proceeds towards paying off public debt. Lower debt gives the municipality more room to invest in infrastructure, public spaces and tourism.
Source: OhridNews