Nis City Mayor Darko Bulatovic and the Mayor of Cuprija Mr. Ninoslav Eric signed the Memorandum of Cooperation on the project “Effective and Effective Property Management in Nis and Cuprija through the Introduction of the Geographic Information System”. The goal of the project is to create conditions for improving the management of property through the inventory and legalization of public property in Nis and Cuprija and increase the transparency of the work of the public administration by the introduction and development of the Geographic Information System (GIS) and the creation of an application for GIS. In this way public administration will be closer to the citizens and the business community. “Implementation of the project in Nis and Cuprija will create unique database of integrated records for all property, together with applications for all aspects and processes of asset management. In practice, this means that, by realizing this project, we will have systematized complete data on the property of the City of Nis, both land and other immovable property, so that citizens, potential investors and all interested parties will have access to these data without waiting in line ” as it was said by Nis City Mayor Darko Bulatovic after the signing of the MoU. He emphasized that the use of this property management model owned by Nis and Cuprija meant strengthening administrative capacities and more efficient asset management, increasing revenues, better control of costs, better risk management and adequate asset maintenance. The president of the Municipality of Cuprija Ninoslav Eric pointed out that this was very important project and that he was looking forward to implementing it with the City of Nis. “The experience Nis has in the property inventory is very important for us, since we are at the beginning. I expect that, after realization of the planned project activities, there will be a reduction in costs and an increase in revenues from property owned by our local self-government, “said Eric. “Nis and Cuprija have a large number of different real estate but without precise and legally relevant data. Bearing in mind that effective public asset management imposes itself as the priority requirement in the process of development and modernization, the Office for Local Economic Development Projects, together with its partner, jointly developed a project proposal to solve identical problems”, said Project Manager Ana Radovanovic from the Office for Local Economic Development and Projects. She added that Nis and Cuprija intend to provide rational use and management of property in accordance with the Law on Public Property and the Law on Planning and Construction and put the property in the function of investing and increasing the revenues of local self-government. The project is also of multiple importances both for potential investors who will be able to obtain easier and faster information on targeted locations, as well as for citizens who, as end-users, need a reliable, responsible and open administration. Improving the management of public assets and finances creates the possibility for savings in the budget as well as conditions for sustainable local economic development. The project is financed by EU (IPA 2014) through the Exchange5 Program – EU support to local governments in the field of asset management. The program is implemented by the Ministry of State Administration and Local Self-Government in cooperation with the Standing Conference of Towns and Municipalities (SCTM) as the implementing partner of the program and the Ministry of Finance (the Sector for Contracting and Financing Programs from EU funds) as the Contracting Authority in the program.