Q:
A:
Major retail chains settle debts
Belgrade,
8 August 2009
Serbian Minister of Trade and Services Slobodan Milosavljevic stated that the major retail chains have almost completely settled their debts towards their suppliers, while the debts of small retailers are still quite large.
Slobodan Milosavljevic
Author:
blic.rs
In a statement for the daily Blic, Milosavljevic said that top retailers Merkator, Metro, Intereks and Veroplus have settled their debts, adding that there still are some businesses that have not attempted to reduce their debts.
He said that at the moment the debt of Futura Plus is the largest, explaining that the latest audit of the overdue debt of retailers was made on July 14, after a second meeting between retailers, suppliers, government representatives and Prime Minister Mirko Cvetkovic.
The Minister said that it was established at that meeting that from May 28 to July 6, retailers reduced their debts towards suppliers by nearly 70.9%.
At the moment the biggest problem is Futura Plus which has not responded adequately to the government’s call for talks to reduce its debt, said Milosavljevic.
He said that at the upcoming meeting with the Prime Minister and government representatives, which will most likely be held in the second half of September, an effort will be made to find a model for paying their debt.
The debt of Futura Plus is putting a strain on the media because it is the biggest distributor of print media. This is the reason why the overall financial situation of the media is worse than it would otherwise have been, stressed the Minister.
Speaking about the debts of small retailers, Milosavljevic said that some progress has been made in this respect, but their debts are still quite large.
He said that at the moment the debt of Futura Plus is the largest, explaining that the latest audit of the overdue debt of retailers was made on July 14, after a second meeting between retailers, suppliers, government representatives and Prime Minister Mirko Cvetkovic.
The Minister said that it was established at that meeting that from May 28 to July 6, retailers reduced their debts towards suppliers by nearly 70.9%.
At the moment the biggest problem is Futura Plus which has not responded adequately to the government’s call for talks to reduce its debt, said Milosavljevic.
He said that at the upcoming meeting with the Prime Minister and government representatives, which will most likely be held in the second half of September, an effort will be made to find a model for paying their debt.
The debt of Futura Plus is putting a strain on the media because it is the biggest distributor of print media. This is the reason why the overall financial situation of the media is worse than it would otherwise have been, stressed the Minister.
Speaking about the debts of small retailers, Milosavljevic said that some progress has been made in this respect, but their debts are still quite large.
-
Belgrade, 11 August 2025Support for agricultural projects worth RSD 750 million
-
Belgrade, 21 July 2025Construction of oil pipeline with Hungary to begin early next year
-
Belgrade/Athens, 17 July 2025Serbia continues to align with EU in field of energy
-
Kostolac, 14 July 2025First solar power plant Petka in Kostolac put into trial operation
-
Belgrade, 11 July 2025Potential for improving cooperation with Belarus in many areas
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion