City of Vukovar buys Plot Worth Over 36 Million Kuna from Borovo

Lauren Simmonds

The City of Vukovar puts a skip back in Borovo’s step.

As Poslovni Dnevnik writes on the 24th of February, 2018, the City of Vukovar has purchased a 69 hectare plot from Borovo, worth more than 36.3 million kuna. On this occasion, a press conference was held where Vukovar’s mayor Ivan Penava emphasised that the area in question is an extremely strategically attractive plot in Vukovar intended for more economic activity. With 26 percent of the budget, this move opens new economic perspectives, especially from the perspective of potential investors who require larger building areas to construct plants. There were investors who said we lacked large areas in which to invest, and above all in that area, I’m thinking about Biodiesel,”

As Glas Slavonije writes, the realisation of the project is due to the increase of the budget of the Vukovar Development Fund by 20 million kuna, and on the initiative of the City of Vukovar, it was decided that the money should be used for the purchase of this plot of land. As previously mentioned, the overall value of the investment is 26 percent of the city’s budget for this year.

”We could invest this money in the roads, have different social measures and populate ourselves, but we’ve decided on a long-term and quality strategic approach that will help the city make moves,” stated Penava.

Gordana Odor, President of Borovo’s administration, reiterated that fact that the new administration had found 100 million kuna’s worth of debt, so they had to go to their financial restructuring plan which was in its final stage under urgent measures. She said that the land that the City of Vukovar had acquired was the most inoperative part of the property, it wasn’t intended for use, and the sale has put a skip back in Borovo’s step.

She added that this would increase the efficiency of production and would see the employment of thirty new workers.


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