Serbia yet to repay debt of RTB Bor towards Greek company Mytilineos

Source: Danas Wednesday, 04.10.2017. 11:04
Comments
Podeli
RTB Bor (Photo: Ljubiša Aleksić/RTB Bor)RTB Bor
Serbia has not yet paid USD 40 million to the Greek company Mytilineaos, former partner of RTB Bor, which won the dispute against the state at the International Court of Arbitration in Geneva this August, and it is impossible to find out when it will do so, as all state institutions claim that this issue does not fall under their competence, Danas writes.

The daily newspaper addressed the Ministry of Economy in an attempt to find out when Serbia intended to repay the Greek company. However, after they were directed at the prime minister's cabinet, and then to the State Attorney's Office, they were given identical answers – neither of the institutions was competent for the issue.

The newspaper reminds that Mytilineos initiated the dispute against Serbia in 2013, whereas the binding verdict according to which the state needs to pay USD 40 million to the Greek company was reached in August.


RTB Bor owed the company 4,000 tons of concentrate processed into cathodes, as well as USD 19 million in loans. The Greeks tried to collect the debt, but failed, as Bor had entered the restructuring process in the meantime, protecting it from creditors.

Mytilineos finally sued Serbia claiming that the state had prevented the Greek company from collecting its claims by extending the restructuring of RTB Bor and the Court of Arbitration recognized the complaint.
Comments
Your comment
Full information is available only to commercial users-subscribers and it is necessary to log in.

Forgot your password? Click here HERE

For free test use, click HERE

Follow the news, tenders, grants, legal regulations and reports on our portal.
Registracija na eKapiji vam omogućava pristup potpunim informacijama i dnevnom biltenu
Naš dnevni ekonomski bilten će stizati na vašu mejl adresu krajem svakog radnog dana. Bilteni su personalizovani prema interesovanjima svakog korisnika zasebno, uz konsultacije sa našim ekspertima.