It is certain that the Sarajevo company GRAS will go bankrupt in the following period, and manyother entities fromthat sector could go that route as well.
AzizSunje, a professor at the Faculty of Economics in Sarajevo and anexpert on public companies, statedthat there is a real moment when bankruptcy should be declared, and in the specific case of GRAS, that was ten years ago.
Sunje explained that the bankruptcy had to happendue to poor management, but that with the right bankruptcy trustee and the right vision, everything can be brought to a good state.
In theexample of GRAS, it would be better if the bankruptcyoccurred much earlierwhen the value of the debt exceeded the value of the property. That was about ten years ago, he pointed …
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