At the end of January, accounts of 324.9 thousand citizens and 24.3 thousand business entities were blocked, with the number of blocked citizens decreasing by four thousand year-on-year, and the number of companies by 5.2 thousand, according to data from the Financial Agency (Fina).
At the end of January, 324,959 citizens had blocked accounts, which is 4,018 or 1.2 percent less than in January 2017.
The debt of citizens increased by 1.6 billion kuna over the year, reaching 42.96 billion kuna.
On a monthly basis, there is an increase in the number of blocked citizens and their debt. Namely, compared to December last year, the number of blocked citizens at the end of January was higher by 5,207 or 1.6 percent, while the amount of their unpaid debts increased by 0.5 percent.
>>>Fina: Most Blocked in Zagreb; Croats Owe a Total of 42.8 Billion Kuna
At the end of January this year, 24,356 business entities were also blocked, with 14.02 billion kuna in unpaid payment bases.
The trend can be expected to continue in the future
The number of blocked business entities in January decreased compared to January last year by 5,219 or 17.6 percent, and the amount of their debts fell by 19.8 percent, or by 3.46 billion kuna. On a monthly basis, the number of blocked business entities decreased by 1.3 percent, and their debts by 0.6 percent.
>>>The Number of Blocked Citizens Decreased Year-on-Year by 7.4 Thousand, the Number of Companies by 6.2 Thousand
Fina emphasizes that such a trend can be expected in the upcoming period, as a result of the effects of the Law on the Enforcement of Monetary Claims, the Enforcement Law, the Law on Financial Operations and Pre-Bankruptcy Settlement, the new Bankruptcy Law, as well as the Law on the Court Register, based on which companies that have not submitted their financial reports to Fina for three years are removed from the court register.
Long-term Blockages Continue to Dominate
Fina’s data for January this year shows that among the blocked business entities, those in long-term blockage, longer than 360 days, continue to dominate, both in number and in the amount of blockage.
At the end of January, there were 16,838 such business entities, accounting for 69.1 percent of the total number of companies with blocked accounts. These business entities also account for 82.3 percent of the total debt, or 11.5 billion kuna.
>>>Blocked: On One Side, Billions Are Written Off, on the Other, Assets Are Confiscated
In blockage for up to 60 days, there were 2,497 business entities, and their reported due unpaid payment bases amounted to 580.8 million kuna. More than 60 percent of blocked business entities, or 15,468, have no employees, and their debts amount to 9.2 billion kuna, which constitutes 65.8 percent of the total amount of unpaid payment bases.
Of the total 24,356 blocked business entities, more than a third (35.5 percent) are legal entities, which account for the largest part of the total debt amount or 60 percent.
At the end of January, there were also 15,706 individuals in blockage.
Namely, at the end of January, there were 8,650 legal entities in blockage, with unpaid payment bases amounting to 8.4 billion kuna. These blocked legal entities employed 9,118 workers.
Debt Deletion from Records
At the end of January, there were also 15,706 individuals, or craftsmen, in blockage, with 7,377 employees, and their unpaid obligations amounted to 5.6 billion kuna.
>>>Fina: 896 Family Farms in Blockage with Debts of 422.9 Million Kuna
On a monthly basis, the number of blocked individuals (craftsmen) decreased by 11 or 0.1 percent, and the amount of their blockage decreased by 44 million kuna or by 0.8 percent.
According to Fina, one of the reasons for the decrease in the number and amount of debt is the deregistration of crafts whose debts are deleted from the records at the level of the individual (craft) and transferred to the citizens, the former owners of the craft.
