August 24 (SeeNews) - Serbian brewery Niska Pivara will be able to resume operations after the commercial court in Nis has ended its liquidation procedure, a court official told SeeNews on Wednesday.
The 130-year old brewery in southern Nis has been undergoing bankruptcy proceedings since 2013.
The company was bought in August 2015 by Bulgarian businessman Stefan Stefanov through his company Grupa Kapitalni Projekt for 130 million dinars ($1.16 million/1.05 million euro), local media reported then. The new owner invested in the recovery of the business and the overhaul of its production lines.
(1 euro=123.496 Serbian dinars)