Tuesday, 21 November 2017 | News today: 3

Court hearing over “Feni” bankruptcy proceeding

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The fate of Kavadarci-based ferronickel plant “Feni Industries” will be known after Monday’s hearing at the Veles court over the motion for opening of bankruptcy proceedings.

The deadline for Bulgarian company “Enekod” to produce an improved offer to banks, which are the largest “Feni” creditors, also expires today.

“Feni” has outstanding liabilities in the amount of EUR 60 million, of which EUR 40 million to Komercijalna Banka-Skopje, Stopanska Banka-Skopje and Silk Road Bank-Skopje. The three banks have launched the bankruptcy proceedings before the Veles court.