German EOS Group launches operations in Bosnia.

By bne IntelliNews February 2, 2011
German EOS Group, which specialises in the collection of overdue claims, launched operations in the country on February 1, the company said on its website. EOS Group, which is part of Otto Group company, has set up a local subsidiary EOS Matrix which will offer debt purchase and debt collection. There is a high demand for professional accounts receivables management in Bosnia. Ten percent of all credits in this country are defaulting, many of them in foreign currencies, board member Christos Savvides said. EOS Group also has subsidiaries in Serbia, Croatia and Montenegro.

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