Uncompromising financial management has brought Europrint, one of the largest printers in the country, to insolvency. On Wednesday, the company filed an application for insolvency and permission to reorganize, leading to liquidation by the Financial Administration.
„A tool that was originally targeted against companies that were just empty boxes and whose only assets were money on a bank account is today applied against large living companies. We have a client who has received a hedging order for hundreds of millions of crowns. How many companies are able to pay immediately in the Czech Republic? There are no many companies which have this such cash“, said co-founder of Tax Cobra Mr Jiri Zezulka.
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