Creditor

Trustees of Corporate Commercial Bank (KTB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024. This will involve amounts from the sixth partial account for distributing accepted receivables, totaling 30 million leva, as reported in a letter to BTA.

The state's second attempt to sell off the bankrupt Putnik Prijepolje tour company and its assets, including the Bosko Buha memorial complex in the south-western Serbian municipality of Prijepolje, was halted on Tuesday, with no reason given.

The government has run into serious reservations on the part of its creditors and the banks concerning the replacement of the protection system for debtors' primary residences, with the clock ticking down to the deadline for the submission of the necessary bill, as the current system expires on Thursday.

Greek jewelry maker Folli Follie will seek creditor approval for a planned overhaul of the business, it said on Tuesday, after announcing details of its restructuring following lengthy discussions with advisers.

The creditors of the second debenture loan granted to BDZ. Blocked the accounts of BDZ - Passenger Transports.

The reason is that the subsidiary company is a joint-stock debtor with the holding company. The block of the account is because of a 40 million leva debt, Velin Zanchev, Deputy Minister of Transport, Information Technology, and Communications, told BNT.

The government was confident on Friday that negotiations with the country's creditors could be wrapped up soon.

Speaking to Sto Kokkino FM on Friday, government spokesman Dimitris Tzanakopoulos said he believed Greek officials and foreign auditors will have finalized "complementary" agreements with Greece's creditors by Sunday.

The issue of short-term measures for easing the Greek debt, which were frozen in response to the government's unilateral decision to pay pensioners a Christmas bonus, has been put off until the Euro Working Group meeting on January 12.

The government and the country's creditors are seeking ways of persuading enterprises to install point-of-sale terminals and use them for most of their transactions with customers.

Creditors will be able to request from courts to issue a European Account Preservation Order for bank accounts of debtors, read a project for the amendment of the Civil Procedure Code, which the government will submit to Parliament.

An Economy Ministry bill for an out-of-court mechanism allowing overindebted companies to settle their arrears to banks and the state foresees it applying for two years, while sources say that the country's creditors are proposing that it function for no more than a year.