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THE LARGEST WINE PRODUCER OF MONTENEGRO IS ON THE BRINK OF BANKRUPTCY

Plantaže, the largest winery in Montenegro, is one step away from bankruptcy. The state-controlled joint-stock company has debts of about € 24 million. The company owed significant sums to its employees and tax authorities. It is reported that the winery has accumulated tax arrears of € 4.5 million. Another € 7.5 million are wage arrears and contributions to the state budget. In addition, the company carries significant risks of litigation from suppliers, the obligations to which have approached...

Modified: 02.04.2021
Montenegro , wine , bankruptcy , sanctions , Plantage
Path: РусБанкрот - СМИ
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