Spectator on facebook

Spectator on facebook

Doprastav construction company files for restructuring

The construction company Doprastav asked the District Court Bratislava I for restructuring after a year of financial problems.

The construction company Doprastav asked the District Court Bratislava I for restructuring after a year of financial problems.

“The reason for the request for the approval of restructuring are huge liabilities and unpaid invoices for the works ordered by investors on the construction of Polish roads for which our company turned to the due court,” company spokesman Michal Krajčír told SITA newswire March 26. “The total amount of damage is several dozen million euros, but the precise number will be calculated by an expert.”

The company, however, has concluded several contracts and is expecting to fulfil the orders normally. Thus, it is not probable that it will lay off, but rather hire new people.

“During the restructuring, Doprastav will fulfil all its obligations, in compliance with the law, and it will strive to satisfy its creditors to the maximum possible extent,” Krajčír said.

The proposal to allow for restructuring was filed on March 24; and the deadline for answering is 15 days, the spokesman of the Regional Court in Bratislava Pavol Adamčiak confirmed for the Hospodárske Noviny daily. Beginning 2014, Doprastav filed a suit on the Polish highway company in connection with debts of about €40 million. It participates in building several highway sections also in Slovakia.

(Source: SITA)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Touring wine cellars in Bratislava Photo

Nearly 30 wine cellars and wineries were opened in the boroughs of Rača, Nové Mesto, Vajnory and Devín during the first edition of Po Bratislavských Vínnych Pivniciach event.

Wine tasting in Pivnica u Štefana in Devín.

How to elect your mayor

When you live in a small village, you don't care about Bratislava. At home, everything is at stake.

Home (for a rest)

Returning from exile is a fine thing, but no one talks about how exhausting it is.

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018