Montenegro's Vektra enters bankruptcy.

By bne IntelliNews March 28, 2012
Montenegro's commercial court has declared bankrupt diversified corporation Vektra Montenegro, Mina business agency reported. Veselin Raicevic has been appointed bankruptcy administrator. The first meeting of Vektra's creditors will take place on April 27. The launch of bankruptcy procedure was at the request of OTP Bank and its Montenegrin unit Crnogorska Komercijalna Banka due to an overdue debt of EUR 20.9mn. Podgorica-based Vektra is active in tourism, timber production, logistics services, civil aviation and investment. It is owned by Montenegrin businessman Dragan Brkovic.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss