Bankruptcy

By Evgenia Tzortzi

The issue of extending the foreclosure protection period for financially troubled homeowners struggling with debts will form part of the government’s negotiations with representatives of the country’s international creditors in Athens at the end of the month.

BELGRADE - Serbia's Prime Minister Aleksandar Vucic said on Wednesday he believed it possible to find a solution for around 40 restructuring companies and save them from bankruptcy.

BELGRADE - The Serbian parliament passed three media bills and a set of economic bills on Saturday.

It adopted the privatisation bill and the bills amending the bankruptcy law and the law on the procedure of registering with the Serbian Business Registers Agency, as well as the bills on public information, electronic media and public media services.

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.

If we want to deal with the economic crisis, we need clear rules. A large number of individuals and businesses have amassed huge debts they cannot service. And some worrying symptoms have already been seen, such as businesses going bankrupt, only to return under a similar guise without paying off their debts to the state and suppliers.

BELGRADE - The Serbian government adopted on Sunday the bills of amendments to the second set of reform laws, including the laws on privatisation and bankruptcy procedure, and forwarded them to the parliament for debate and adoption on urgent procedure.

 Size of the country’s arrears and a possible haircut are not a priority in the government’s planning

By Sotiris Nikas

Cretan businesses were not expected to be affected by the bankruptcy of Russian tour operator Neva, according to Nikos Chalkiadakis, president of the Herakleio hotel owners' association.
The Saint-Petersburg-based travel agency announced its bankruptcy on... ...

BELGRADE - Organisations that are part of the independent cultural scene feel that the amendments to the laws on labour, pension and disability insurance, state asset sale and bankruptcy continue the practice of shifting the burden of the economic crisis to the shoulders of the largest, and often the most vulnerable, layers of the society.

 Gov’t prepares mechanism that will settle the problem of money owed to the state and other entities

By Dimitra Manifava