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City of Belgrade

Nikola Jovanović: "The debt of municipal utilities in Belgrade is 26 billion dinars"

March 17, 2026, 11:43 p.m MLJ
A large number of buses stuck in the street Photo: Tanjug/Miloš Milivojević
Public transport in Belgrade: It's not really free, but that's why it's worse
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The city of Belgrade lost another big dispute worth 900 million dinars, claims Nikola Jovanović from the Center for Local Self-Government, and the total debt to suppliers is much higher.

The city of Belgrade will have to pay almost 900 million dinars, including all late interest, to the "Arriva Litas" carrier consortium, due to the violation of the contract they had with the city, said Nikola Jovanović, director of the Center for Local Self-Government. Jovanović claims for "Vreme" that this is a debt Secretariat for Public Transport, who did not pay services to private carriers on time in the name of contracts that exist with them.

"One of those consortia, which no longer cooperates so much with Around the city, he sued them and won. The question is how many more such companies there are and how many lawsuits could be brought," says Jovanović. "The fact that the City has huge debts to private companies is also very important, so the utility companies of Belgrade owe 26 billion dinars by March of this year."

Photo: FoNet/Ana Paunković
Illustration

 

The basic debt amounted to 588 million dinars and was incurred from the end of January 2022 to March 2023, and the rest of the amount is made up of interest and expenses until today, he adds.

"The verdict became final with the decision of the Commercial Court of Appeal on January 29 of this year, and it is a shame that the mayor does not inform us about such things, of which only this one will cost  Belgrade citizens like 90 hours on Republic Square," said the director of the Center for Local Self-Government.

Photo: Center for Local Self-Government
Nikola Jovanovic
Rebalancing the budget - because of Matsura?

In February 2026, the members of the Belgrade City Assembly adopted a budget rebalance, and Jovanović still claims that it had to be made because of the Union Hotel's lawsuit against Belgrade.

"Regarding the bankrupt Hotel Union, which is suing the City for lost profit of 920 million dinars with interest and the Secretariat for Urban Planning for 412 million with interest for not acting in accordance with the law, the first judgment was in favor of the Union. After that, the City appealed and the appeal was accepted, and then the Supreme Court ruled in favor of the Union. The City requested a revision, but the revision does not delay the execution" - said the City's financial secretary Katarina Čubrić during rebalancing.

The company Procoopac, behind which stands a businessman close to SNS Davor Macura, is the new owner of Hotel Union, wrote Nova.

Tags:

Traffic Utility companies City of Belgrade Public Transport
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