Italian gov't unable to find buyer for castle

Bid to sell Gradisca d’Isonzo castle, constructed to ward off Ottoman raids in the 15th century, is cancelled

Bid to sell Gradisca d’Isonzo castle, constructed to ward off Ottoman raids in the 15th century, is cancelled

GRADISCA D’ISONZO, Italy - The Italian government has failed to find a buyer for the country's famous Gradisca d’Isonzo castle, which was constructed to guard against Ottoman raids in the 15th century.

The castle was put up for sale by tender on 11 April along with 150 other properties as the government sought to pay down its debts following a five-year economic crisis.

But the sale was cancelled after no one submitted a tender to purchase the building by a 6 May deadline, Italian officials told the Anadolu Agency on Monday.

The castle was built by the Venetians in the late-15th century over a pre-existing fortress dating from 1176 in the town of Gradisca d’Isonzo, located near the current border with Slovenia.

The attempted sell-off came as the coalition government under the presidency of Italian Prime Minister Matteo Renzi Italian struggles to recover economically.

It has imposed many new taxes and put official cars up for sale on the web in recent months in an effort to enliven the economy and repay debts.

Copyright © 2014 Anadolu Agency