Debt-throttled Bulgarian dairy company Markelli has filed for voluntary bankruptcy. Markelli’s debts total 9.07 million levs, while the company generated a loss of 298,000 levs last year. In its bankruptcy filing, Markelli said unserviced payments to suppliers go as far back as 1998. Markelli, which was set up in 1996, is based in Kazanlak, in southern Bulgaria. (SeeNews)
Source: investor.bg (25.07.2011)

Bulgarian debt-throttled dairy company Milk Way has filed for voluntary bankruptcy, data from the country's commercial registry showed. The company has amassed over 4.5 million levs in debts to the state, affiliates and suppliers, Milk Way said in a filing to the commercial registry on August 11. Milk Way had difficulty implementing its development strategy and marketing its products at competitive prices during the ongoing economic crisis, it added. Milk Way is owned by local retailer Hybernia-Vitella. Last month, another dairy company from its portfolio – Markelli, filed for voluntary bankruptcy as well. Milk Way, set up in 1994, is based in Kazanlak, in southern Bulgaria. (SeeNews)
Source: Dnevnik (18.08.2011)