CGMB approved capital increases at three municipal companies

The City Hall will again increase the share capital of the municipal companies, this time at the Municipal Energy Company, the maintenance of the trees and the green spaces and the public lighting, with a total amount of 1.32 billion slate, according to some drafts of the decision approved on Thursday at the General Council of the Municipality of Bucharest (CGMB), according to

The motions for resolutions were approved by the majority of PSD-ALDE, while general councilors of USR and PNL voted against it.

For example, the municipal maintenance company for the trees and the Green Space Bucharest SA will receive 51.8 million lei, with a total share capital of 65.76 million lei. The draft decision does not state why this amount is strictly necessary.

The share capital of this company has already risen twice, with 4.17 million lei in September last year and 6.63 million lei in December last year. This is the third capital increase.

"The purpose of raising the share capital of the municipal company Maintenance of trees and green space Bucharest SA is to financially support the company's activity to reach the object of activity by providing the necessary funds for the good execution of the activity of the company ", says the project decision, quoted by

The Municipal Public Lighting Company Bucharest would receive 12.74 million lei from Capital City Hall's budget for the increase in social capital, which will eventually amount to 22.66 million lei. Of this new amount, half, more than 6 million slate, will be allocated to party lighting, which "plays an important role in marking certain events or celebrations specific to the community and can not be neglected from the perspective of raising the social performance of the service. " The municipality wants to buy curtains, lighting strings and 3D figures, according to

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