“Eco Heating Plants”: Citizens Pay a High Price for Poor Heating, Millions to Private Owners from the City Budget
Banja Luka's "Eco Heating Plants" Ltd, a company that is mostly privately owned, has received at least 7 million KM in subsidies from the city of Banja Luka over the past two years. Experts claim that for less than half of that money, the city could have become the majority owner of the company. Meanwhile, the company's ownership structure is changing without any consultation with the city. For instance, "IEE Technology", as the majority private owner, has transferred part of its share to its "daughter company".