SOFIA (Bulgaria), December 17 (SeeNews) – The Sofia city court declared on Monday localtelecommunications operator Max Telecom insolvent in a case instituted at the request of local M Sat Cable [BUL:MCJ1] over a 116.2 million levs ($67.3 million/59.4 million euro) debt, documents filed with the commercial register showed. In January 2017 the two companies reached…
17:14 17.12.2018 Ukrainian banks with Russian state capital currently have a sufficient level of liquidity for timely settlement with depositors in the event of possible court decisions about the seizure of their assets, First Deputy Head of the National Bank of Ukraine(NBU) Yekateryna Rozhkova has said. “We have two large banks with Russian state capital…
In July, when Purplebricks reported its full-year result, Purplebricks chairman Paul Pindar said the Australian business “continued to track the UK performance at the same time in its development” and was expected to “reach monthly profitability within 12 months”. In its latest interim accounts filed to the London Stock Exchange, Purplebricks said the underlying performance…
It started early with the collapse of womenswear label Maggie T in early January and the bloodbath affecting Aussie retailers has been relentless ever since. While 2017 saw the demise of huge labels such as Topshop and Topman Australia, Marcs, David Lawrence, Herringbone, Rhodes & Beckett, Pumpkin Patch and Payless Shoes, it seems 2018 has…
Laura Ashley is closing its doors for good in Australia, after a buyer failed to materialise during the administration process, despite several expressions of interest. The fashion and homewares retailer will close 16 stores in all states and the ACT by the end of this month, and 100 employees will be out of a job.…
On January 29, 2015, the Bangladesh Bank issued a new large loan restructuring policy to stand by big borrowers in trouble. The policy, which was taken under political pressure from influential debtors, offered a repayment period of up to 12 years, discounted interest rates and down payment as well as repayment in quarterly instalments. Eleven…
A new campaign by the charity, The Money and Mental Health Policy Institute, which I am proud to have founded in 2016, and still chair, is campaigning to change the law. Its not only money Finance is a wellbeing issue. Debt and mental health are a marriage made in hell.You are four times more likely…