Administration

Two full years after the scandal broke at Folli Follie, the troubled jewelry company's new management is close to completing its streamlining plan and starting the restructuring process according to the bankruptcy code, Kathimerini understands.

Folli Follie has acquired the brand of its UK-based unit Links of London after an agreement with its administrator, the Greek jewellery maker said on Wednesday.

Folli last November reached a preliminary rescue deal with some of its creditors, four months after an audit revealed a one billion euro hole in its 2017 reported revenue.

Cold cuts producer BIKH is staring at the prospect that any assets it has been left with might be confiscated, while its 191 employees are joining the unemployment queues. On Wednesday BIKH's owners withdrew their application for bankruptcy, tabled in May, with which they had secured temporary protection from creditors until Friday, when the case is due to be heard.

53 prosecutors who will serve in basic and higher prosecutions on Monday took their oath of office in front of National Assembly President Maja Gojkovic.

These prosecutors were elected several days ago, during the current session of parliament.

A report on the implementation of decentralization measures in Bulgaria informs that the program for 2014 was 28.5% accomplished.

The decentralization policy was launched after the adoption of Bulgaria's 1991 Constitution, investor.bg reminds.

Both President Recep Tayyip Erdo?an and Prime Minister Ahmet Davuto?lu have violated their oaths of office over the government?s move to seek Erdo?an?s consent for its election manifesto, main opposition Republican People?s Party (CHP) leader Kemal K?l?çdaro?lu has said.

The vice principal of a Turkish high school who raised eyebrows after suggesting the formation of ?harassment teams? to prevent female students from wearing short skirts, has been relieved from administrative duty and reappointed to another school as a plain teacher, according to the Education Ministry.

The vice principal of a high school in southern Turkey has raised eyebrows after suggesting the formation of "harassment teams" to prevent female students from wearing short skirts.

Some 20 leaders have confirmed their attendance for the official ceremony when President Gül will hand over office to Recep Tayyip Erdoğan More than 20 heads of states and governments have announced their attendance for the official ceremony when outgoing President Abdullah Gül will hand over office to President-elect Recep Tayyip Erdoğan on Aug. 28.

BELGRADE - Amendments to the privatisation and bankruptcy laws will ensure a more efficient and more transparent way of privatisation, the president of the Chamber of Commerce and Industry of Serbia Zeljko Sertic said on Thursday.