Contract on sale of "Južna Morava" broken

On Friday (February 1st, 2008), Privatization Agency broken the contract on sale of company "Južna Morava" from Vladićin Han with the buyer, Staniša Stojanović from Vranje, because he did not meet the obligations from the contract even after the additional deadlines.

The Agency has announced that it has been determined, after the control of fulfillment of the contract obligations, that the buyer did not pay the second installment of the selling price, that he did not start production and that he did not fulfill the obligations from the contract.

On the day of the last control, Stojanović owed 30 late and 4 current salaries to the workers, as well as 33 late increments.

Since the last deadline for submittal of evidence about fulfilled obligations expired on January 30th, Privatization Agency informed the buyer on Friday that the sales contract would be broken.