Bankruptcy

The Development and Investment Ministry on Wednesday launched the digital platform kataggelies.mindev.gov.gr, where consumers can submit complaints, in order to more effectively control phenomena such as overcharging, fake discounts and other violations at the expense of consumers in the market.

For two years, businesses received significant government support because of the pandemic, but now rising energy and debt service costs, along with general inflationary pressures, are putting the recovery of small and medium-sized businesses at risk, EURACTIV writes.

"Bulgaria is ready and has the right to enter Schengen", stated the Acting Minister of Justice Krum Zarkov on BNT.

"We have the understanding of the member states, the European Commission, and now a strong resolution is expected from the European Parliament", he noted. "Bulgarians should have the same rights as Europeans", commented Krum Zarkov.

The international rating agency based in London - Fitch Ratings, lowered the long-term rating of the Republic of Belarus from "CCC" to "C". This brings the country one step closer to bankruptcy. This is stated in a message on the agency's official website.

A New York City court approved a plan by Latin America's largest airline, LATAM Airlines, to exit bankruptcy under US law, the carrier announced on June 18.     

Cage said that he refused to get to the point where he would have to file for bankruptcy, even if people in his life were telling him he should

The state's second attempt to sell off the bankrupt Putnik Prijepolje tour company and its assets, including the Bosko Buha memorial complex in the south-western Serbian municipality of Prijepolje, was halted on Tuesday, with no reason given.

Restructuring of the Turkish real sector's debts to the domestic lenders has accelerated in the past two months, according to figures from the Banks Association of Turkey (TBB).

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Debts worth 24.9 billion Turkish Liras ($2.9 billion) were restructured in May and June as part of a program launched in 2018.

The National Revenue Agency (NRA) collected over BGN 4 million in outstanding payments in just 7 days.

Dozens of debtors have committed to pay more than BGN 9 million for taxes and social security contributions in the next 2 weeks, the NRA announced.

The government and its creditors have clinched an agreement that will remove restrictions on foreclosure auctions for all properties on June 1, including primary residences, sources told the Athens-Macedonian News Agency on Sunday.