Alta Bank collapse leaves savers without access to funds
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Alta Bank collapsed overnight, locking citizens out of their savings and raising questions about how their money will be recovered. Former Finance Minister Lalovac meanwhile criticized the government for its nonchalant response to economic warnings, pointing to a budget rebalance that revealed the highest debt levels ever.
The retail sector is also showing signs of strain as Studenac faces multi-million euro debts to major domestic suppliers. The company is planning pre-insolvency proceedings to stabilize its supply chain, while a separate industrial project in Gospić has stalled after a factory permit was set to be revoked, leading the investor to intend to sue for 10 million euros.
The country observed a day of national mourning for the singer Mišo Kovač, with large crowds expected to gather in Split for the final farewell. In Pula, the judiciary processed a separate high-profile case, extraditing a mysterious Ukrainian diver alleged to have played a role in the Nord Stream pipeline sabotage.