The Suncani Hvar bank account has been blocked since Friday, July 30, due to a forced collection of claims by the Tax Authority, the company's management said in a statement published by the Zagreb Stock Exchange last Monday.
The Suncani Hvar management today gave no information when it could expect the unblocking of the bank account. Also no official information was given on how much the company owed to the Tax Authority. Some media have speculated that the debt was HRK 12 million.
The company said that its the business operations were being performed smoothly and that all hotels in the company were open with the full service being provided to guests.
Apart from the Orco Group, another big share-holder in Suncani Hvrar is the Croatian Privatisation Fund.