ZAGREB, Aug 17 (Hina) - By the end of June debts of companies registered at the Payment Transactions Bureau (ZAP) amounted to 22.75 billion kuna (US$2.7 billion), which is by 831.2 million kuna (US$99 million) or 3.5 per cent less
than at the end of the previous month. Following a short intermission in April, the amount of debts has continued to decrease at the ZAP. The amount of payment orders during the first six months of this year has decreased by 3.8 billion kuna (US$119 million). The primary cause are initiated bankruptcy proceedings during the past several months for companies with great amounts of account blockages, the ZAP said. At the end of June the number of insolvent companies was 31,859, 660 or two per cent less than the month before. According to the field of activity, the biggest reduction in the number of insolvent companies has been registered in trade, the manufacturing industry, con
ZAGREB, Aug 17 (Hina) - By the end of June debts of companies
registered at the Payment Transactions Bureau (ZAP) amounted to
22.75 billion kuna (US$2.7 billion), which is by 831.2 million kuna
(US$99 million) or 3.5 per cent less than at the end of the previous
month.
Following a short intermission in April, the amount of debts has
continued to decrease at the ZAP.
The amount of payment orders during the first six months of this
year has decreased by 3.8 billion kuna (US$119 million). The
primary cause are initiated bankruptcy proceedings during the past
several months for companies with great amounts of account
blockages, the ZAP said.
At the end of June the number of insolvent companies was 31,859, 660
or two per cent less than the month before.
According to the field of activity, the biggest reduction in the
number of insolvent companies has been registered in trade, the
manufacturing industry, construction, transport, warehousing and
communications.
Despite the positive trends, the number of insolvent companies has
increased by 4.6 per cent in relation to last year.
(hina) lml jn