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FINA: 19,236 firms with accounts frozen more than 120 days

ZAGREB, May 15 (Hina) - According to the Financial Agency (FINA), currently more than 19,000 companies employing almost 9,200 people and owing just under HRK 20 billion would meet conditions for opening bankruptcy proceedings by force, if recently proposed amendments to the Bankruptcy Act which define that bankruptcy is to be launched in a company if its account has been blocked for more than 120 days, there is currently 19,000 companies.

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