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ROUND TABLE ON BANKRUPTCIES IN COMPANIES HELD IN ZAGREB

ZAGREB ZAGREB, June 19 (Hina) - A round table called "Bankruptcy of Companies - the end or a new beginning" is being held in Zagreb Monday, in the organisation of the Independent Trade Unions of Croatia (SSSH) and the industrial democracy centre. The present agreed that the delay of bankruptcy procedures were economically unjustified. They also said that bankruptcy in Croatia means the closing of jobs and companies. SSSH President Davor Juric said Croatia was infected by a bankruptcy plague. He wonder whether bankruptcy procedures were in the function of politics or the economic consolidation. He called upon the Government to open possibilities of employment for workers who lost their jobs due to bankruptcy. Bankruptcies in Croatia do not represent hope and opportunities for companies in difficulties, said president of the economic-social council Vitomir Begovic. He presented data according to which 21,000 companie
ZAGREB, June 19 (Hina) - A round table called "Bankruptcy of Companies - the end or a new beginning" is being held in Zagreb Monday, in the organisation of the Independent Trade Unions of Croatia (SSSH) and the industrial democracy centre. The present agreed that the delay of bankruptcy procedures were economically unjustified. They also said that bankruptcy in Croatia means the closing of jobs and companies. SSSH President Davor Juric said Croatia was infected by a bankruptcy plague. He wonder whether bankruptcy procedures were in the function of politics or the economic consolidation. He called upon the Government to open possibilities of employment for workers who lost their jobs due to bankruptcy. Bankruptcies in Croatia do not represent hope and opportunities for companies in difficulties, said president of the economic-social council Vitomir Begovic. He presented data according to which 21,000 companies have blocked accounts for over a year, which is a threat to the further economic development. According to Begovic, this is the result of the illegal transformation and privatisation, irresponsibility and incapability of management, bribes and corruption. (hina) it mm

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