ZAGREB, July 9 (Hina) - The account of Croatia's largest press distributor, "Tisak", was unfrozen on Friday after an agreement was signed with eight banks claiming some US13.3 million. A break in the distribution of the press,
announced for Saturday, will not occur, "Tisak" head of management Goran Maric told Hina. Four banks which own the distributor, Hrvatska Postanska, Privredna, Splitska, and Dubrovacka, permanently dropped their acceptance orders, Maric said. The other four, Dalmatinska, Istarska, Rijecka, and Varazdinska, agreed to drop acceptance orders temporarily on condition an agreement on reprogramming "Tisak's" debt be reached within 15 days, he added. "Tisak's" account was frozen earlier this week when the Bureau for Money Transfers accepted for collection Splitska and Varazdinska banks' acceptance orders. The bureau denied permission to use the distributor's drawing account,
ZAGREB, July 9 (Hina) - The account of Croatia's largest press
distributor, "Tisak", was unfrozen on Friday after an agreement was
signed with eight banks claiming some US13.3 million. A break in the
distribution of the press, announced for Saturday, will not occur,
"Tisak" head of management Goran Maric told Hina.
Four banks which own the distributor, Hrvatska Postanska,
Privredna, Splitska, and Dubrovacka, permanently dropped their
acceptance orders, Maric said.
The other four, Dalmatinska, Istarska, Rijecka, and Varazdinska,
agreed to drop acceptance orders temporarily on condition an
agreement on reprogramming "Tisak's" debt be reached within 15
days, he added.
"Tisak's" account was frozen earlier this week when the Bureau for
Money Transfers accepted for collection Splitska and Varazdinska
banks' acceptance orders. The bureau denied permission to use the
distributor's drawing account, insisting that it be unfrozen.
Maric on Thursday told some daily papers "Tisak" would not be able
to distribute the press on Saturday unless the account issue was
solved today.
(hina) ha