Bankruptcy

Certain politicians who served as ministers in New Democracy and PASOK governments are behaving in a provocative manner, to say the least.

Acting as the brave voes of memorandums and austerity, they wish to come across as “the friends of the people.”

The health system in Bulgaria is falling apart and the government is acting irresponsibly, said the Sofia organisation of the Bulgarian Medical Association in a press statement. 

“In the final days of its failed rule, the Government again demonstrates total lack of responsibility,” said the Association. 

The MEP Nikolay Barekov reportedly overtakes his former employer, the national channel TV7, which earlier this week filed for bankruptcy. 

In an official statement, published on the TV7 website, the company management claimed that in the late Thursday afternoon “a dozen tattooed thugs and a temporary assignee in bankruptcy muscled into the TV7's offices”.

The TV7 and BBT TV channels filed for bankruptcy with the Sofia City Court, in accordance with the Commercial Act, reports Dnevnik.bg. 

“With this move the company hopes to protect itself from invalid claims of creditors,” said the management of the two connected companies in a statement to the media. 

Greece has a lot to learn from the problems that have dogged Argentina since the Latin American country declared bankruptcy in 2001.

BELGRADE - Serbia's Minister of Economy Dusan Vujovic has said the government will try to avoid reducing pensions, but that, on the other hand, government companies will have to reduce their costs and raise their efficiency.

Telekom will "definitely" be privatized - minister

BELGRADE -- Economy Minister Dušan Vujović has announced that Law on Bankruptcy, Privatization and Subsidies would be adopted in July.

He also said that the state-owned telecommunications company Telekom Srbija (Serbia) would "definitely" be privatized.

Dias Aquaculture on Wednesday announced its decision to apply for entry into the conciliation procedure under Chapter 99 of the Bankruptcy Law.

The company also announced that it had submitted an application asking for a creditor protection interim order in favor of the company and its subsidiaries.

Parliament adopts amendments to privatization law

BELGRADE -- Parliament adopted on Monday the amendments to the privatization law which extend the deadline for restructuring of 156 companies for another five months.

BELGRADE - The Serbian parliament adopted on Monday the amendments to the privatisation law which extend the deadline for restructuring of 156 companies for another five months.

A total of 180 MPs voted in favour of the amendments, ten were against their adoption, four MPs refrained from either backing or opposing the amendments while one MP did not vote.