Bulgarian Commission for Illegal Assets Forfeiture

A Serbian court on Wednesday declared the bankruptcy of the Serbian Glass Factory company, linked to the exiled Bulgarian tycoon Tsvetan Vassilev, who is wanted in Bulgaria for the collapse of his Corporate Commercial Bank, CCB, in 2014.

Serbian workers at a glass company in Paracin, facing bankruptcy due to debts of around 50 million euros, are appealing to the government to help - and perhaps buy the firm.

"We've been informed that a pre-bankruptcy procedure was launched on May 5 … but we have had problems for a long time," Zivojin Matejic, from the union at Srpska Fabrika Stakla/ Serbian Glass factory, told BIRN.