Financial statement

The Koutsolioutsos family, the main (but not majority) owners of jewelry and fashion accessories company Folli Follie, want to use the September 10 company shareholders' meeting to absolve them of any responsibility for the financial collapse of the company.

Luxury jewelry maker Folli Follie, whose finances are being investigated by Greek authorities while its shares have been suspended from trading, said late on Monday that a financial audit would be concluded in August.

State corporations going under the purview of Greece's privatizations hyperfund will undergo sweeping changes in management and regulations.

The revised financial report for the troubled Croatian retail, food and agriculture giant Agrokor, issued on Thursday, showed that the former management, led by company's owner and founder Ivica Todoric, did not show the company's full losses in its financial accounts.

The Austrian Raiffeisen Bank has denied releasing financial statements relating to an account held by the Balkan Investigative Reporting Network, BIRN, to the Serbian daily tabloid newspaper Informer.

UK-headquartered multinational Ernst & Young has been selected by the Bulgarian National Bank to become its international auditor for 2015-2017, the institution has announced.

On an annual basis, the consolidated financial report of BNB has to be verified by an international auditor chosen through a public procurement procedure.

A group of independent auditors hired by Albania's electricity distribution network operator OSHEE, to audit its financial statements for 2014, has refused to give an opinion, noting inconsistencies in the data.

The unaudited financial statements of the company shows that in 2014 revenues jumped to 47.2 billion leks (?337 million) from 37.7 billion leks (?269 million) in 2013.

The financial performance of 152 companies with a state-owned stake of over 50% deteriorated substantially in 2014 as compared to 2013, according to Bulgarian economic policy think-tank Institute for Market Economics (IME).

BELGRADE - The Serbian Anti-Corruption Agency will request that misdemeanour proceedings be initiated against 37 parties and 66 citizens' groups that have failed to submit their financial reports for 2013.

BELGRADE - Around 50 political subjects have filed their annual financial reports to the Anti-Corruption Agency, Agency officials told Tanjug on Tuesday and recalled that the deadline for submission of the reports is due to expire on Wednesday.