The commercial court in Zagreb has scheduled a hearing for July 1 to decide on a proposal to open bankruptcy proceedings against media leasing and planning company Unex Media, SeeNews.com reported. The company has flied for bankruptcy on May 26, the court said on Wednesday. The company’s account has been blocked since February 11 and its debt as of June 4 amounts to 2.07 million euro.
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Slovenia, Romania, and Croatia were among the countries in Central and Eastern Europe (CEE) to face rising insolvency rates in 2024, despite the economic recovery in the region, global credit insurer Coface said, SeeNews.com reported. In Slovenia, the total number of insolvency proceedings rose by 32.4% year-on-year in 2024, reaching 769 cases. The largest share came from the construction sector (29.26%), followed by business and personal services (22.63%), while the financial sector accounted for the smallest portion (0.91%).
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Croatian shipyard 3. Maj Brodogradiliste said it has filed for bankruptcy, SeeNews.com reported. On April 1, the company, as debtor, submitted a proposal to initiate bankruptcy proceedings to the commercial court in Rijeka, according to a filing to the Zagreb bourse on Friday. The company's shipbuilding business had earlier been transferred to its subsidiary 3. Maj Rijeka 1905, which became state-owned following a debt-for-equity swap worth 10.3 million euro ($11.7 million). Read more.
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