Žurnal in English
WHY IS ZRAK GOING BANKRUPT: Enormous Debts, Unnecessary Machine Purchases, Laid-off Workers, Employed Retirees
In a time of never-before-seen demand for products from the defence industry on the global market, companies in Bosnia and Herzegovina that are engaged in the production of weaponry and military equipment are facing numerous issues. The Sarajevo-based company "Zrak" is probably in the most difficult position – due to accumulated debts and executive court judgments, it has gone into bankruptcy. Skilled workers have been laid off, and today the company employs retirees. Who is at fault, and what will happen to the assets of "Zrak," whose value is measured in tens of millions of KM?