Grieved States: Will the nation default on its debt tycoon !? If - TopicsExpress



          

Grieved States: Will the nation default on its debt tycoon !? If arrested capitalists of their property does not settle debts to state banks, the chances are that you will pay through taxes. Grieved States: Will the nation default on its debt tycoon !? Before their face in the papers with the business page moved to black chronicle, Serbian tycoons had everything - and the power of money and privilege. One thing, however, failed to buy, and that is the affection of his people, he writes Privacy. During all the years of their business expansion did not conceal that it hurts that people do not like them, and that there was a completely rational explanation - they became rich when most of the population undermined. Now, while some of the representatives of big capitalists behind bars, no one feels sorry for them. On the contrary. The feeling that justice has been served and that the order to the tycoons and one loss. However, there is at least one reason why people should not be looking forward to the collapse of big capitalists. Due to the fact that they will not be able to settle the obligation, especially to state banks, their debts will eventually socialized state, which means that we will all have to go back to them. For taxpayers, but they are big enough burden, government debt and losses of public enterprises, and will now, it seems, to add to the outstanding liabilities of private companies. If arrested capitalists of their property, in the event of bankruptcy, does not settle the debts to state banks, the chances are that you will pay through taxes. READ MORE: After a short DISEASE: Died journalist Srdjan Djuric Speculation disrupt operations of Delta Holding Beko: Vucic not my friend! He stole najkapitalniji project - city water! According to some estimates, the debts Miroslava Bogićevića, owner of Farmakom MB exceed half a billion euros. Perčević Goran, owner of Interkomerc - 215 million. In doing so, Interkomerc and Beohemija, owned by Zeljko Zunic, partners and together, at the end of last year, owed 100 million. For two months the debts they multiplied by half. It is believed that their loans largely contributed to extinguish Agrobanke, the Development Bank of Vojvodina, Universal Bank. According to NIN, Bogićević, Perčević and Žunić are on the list of largest debtors Serbian banks, whose net has grown to 19 million. On the list there are banks that are drowning because of them. According to the broker Nenad Gujanicic all these business systems had similar business concept. The low level of capital was compensated by a high loans. As the company got into difficulties with debt servicing taking short-term loans are expensive and time spiral even more into acceleration. It was almost impossible to survive much stronger company with such high interest rates, especially in a crisis when they were healthy company under a lot of pressure, says Gujaničić. According to his calculations, long-term liabilities Farmakom at the end of 2013 were 11.6 and 22.7 billion short. At the same time, the total capital Farmakom amounts to 10.5 billion dinars, which means that the liabilities three times higher of the capital value. The countrys debt to the Commercial Bank (21 million euros), the Fund for Development (3.7) and Kredi Bank (501,000 euros). Abroad 29 million owed to the IFC, a branch of the World Bank that provides support to small and medium-sized enterprises, and Amsterdam Trade Bank is obligated to 22.6 million euros. Long-term liabilities Goran Perčević, owner of Interkomerc at 6.4, and short-term liabilities 5.5 billion. Total equity was 6.1 billion dinars. In an unenviable position and Beohemija, owned by Zeljko Zunic. Long-term liabilities of the company were 8.7, a short 7.1 billion, while total equity is zero. Gujaničić estimates that their balance sheets at the end of 2014 will be even worse. In addition, the big capitalists were the beneficiaries of loans from the Fund for Development, all the while for them mainly given guarantees of banks that have gone bankrupt, but the big question mark what will this money the state will be able to collect. Because This will, Bogicevica Perčević, destroyed or debts and some other tycoons eventually pay the tax payers. According to some estimates the total guild will be greater than one billion euros. With high debts of local tycoons state can not possibly be snapped obligation to support his public companies. The biggest subsidies from the budget receive Railways ($ 13 billion), Roads of Serbia on various grounds this year, costing taxpayers 7.7 billion. Subsidy Srbijagas is nine, while subsidizing Resavica, RTS and Ski resorts Serbia will cost taxpayers an additional 2.5 billion. For the first time, this year happened to be from the republic budget allocated two billion dinars to subsidize the City transportation company Belgrade . In addition, the state little bit connects the length of service workers whose employers do not pay taxes and contributions. So, just this year for the company in restructuring allocated 800 million dinars for the connection of service. At the same time, the cost of retirement benefits that awaits us next year is 15 billion, which would be a World Bank loan. According Ljubodraga Savic, Professor of Economics, all of these obligations should not be classed in the same basket. One is when the assets are citizens of the gradient on the personal accounts of tycoons, and the second is when the state invests capital in a company, like Er Serbia or Fiat, which will contribute to the growth of employment. I have no doubt that the big capitalists, who are under investigation, and ensure that the money transferred to an account abroad, and took refuge in a safe place. From that state will not have any avail, but it will hurt people. Whether its about suppliers milk or other suppliers. Simply, there is little likelihood that it will compensate for the damage to everyone, says Savic.
Posted on: Sun, 30 Nov 2014 12:18:59 +0000

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