Paracin-based glass plant avoids bankruptcy

(Photo: Fotografiche/shutterstock.com)

As president of the court, Branislav Jovovic, confirmed for RTS, bankruptcy start which the Belgrade-based, Neoplast industry asked for was rejected since the plant account has not been blocked for longer than 30 days and that at the moment the glass factory is solvent.

Paracin-based glass plant settled debt of 112 million dinars for Belgrade company for implementing investment works on the water supply facility but interest rates remained unclear. It will be decided in the court process.

The oldest plant for glass production in Serbia employs 850 people and glass products are launched abroad apart from the local market.