Bankruptcy

Euromedica files for protection

The new management of Euromedica has filed for protection from creditors under the bankruptcy law.

The listed firm is planning to start a streamlining process with the entry of a strategic investor and the restructuring of obligations adding up to 500 million euros.

MEPs Want Better Consumer Protection because of Thomas Cook's Bankruptcy

In a resolution adopted Thursday, MEPs expressed concern about the hundreds of thousands of blocked tourists (over 600,000), the thousands of jobs lost, the difficulties caused to small and medium-sized enterprises and the damage caused to the tourism sector by the bankruptcy of " Thomas Cook. "

Number of applicants in PPC debt settlement scheme hit record high in October

Nearly 1,500 applications to settle debts to Greece's power utility have been filed daily since October 1, which is when the new debt installments plan went live online and also became available by telephone, sources in Public Power Corporation (PPC) reported on Monday.
The new repayment plan includes more installments and lower initial installment rates.

One of the Largest Tour Operators in Bulgaria Declared Bankruptcy

Astral Holidays, one of the largest tour operators in Bulgaria, has announced that it is starting bankruptcy proceedings. This was reported by the agency on its official website.

The company is the Bulgarian partner of the failed British tourist operator Thomas Cook.

The Agency assures that it has taken all measures to protect its clients.

Half a Billion Euros in Damage to Greece From the Bankruptcy of Thomas Cook

About half a billion euros have been lost to Greek tourism by the bankruptcy of British tourism company Thomas Cook, Kathimerini reports, citing an interview with Greek Tourism Minister.

He announced new measures by the government to soften the effects on the industry, according to BGNES.

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