Abandoned realty will be returned in circulation in Bashkiria

Deputies of the State Council RB approved the resolution “The use of abandoned realty by municipal formations”. This document is called to stimulate local self-government bodies to start using such property more actively, returning it in economic circulation, the press-service of the Republican parliament reported.

“Plenty of realty objects in the Republican aren’t registered properly from juridical point of view” – the chairman of the State Council RB Constantine Tolkatchev explained – “Abandoned farms, workshops and kolkhoz property don’t belong to anybody and it means that nobody bears responsibility for such realty. The cost of such immovable property is estimated at billions rubles and the existing situation hampers to develop regional economics in Bashkiria”.