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Bosnian juice firm on brink

This article was originally published in Foodnews

THE Department of Indirect Taxation (UIO) in Bosnia and Herzegovina has announced plans to seize the bottling equipment of financially troubled fruit juice and soft drinks maker Fruktona from Banja Luka if the company does not repay a tax debt of BAM1.4 million (USD880 000). Vladimir Pekic writes: Fruktona lost its licence to bottle PepsiCo products on 22 April. The UIO has already frozen the company's bank accounts, and its telephones and electricity and water supplies have been disconnected. Majority owner Nedeljko Popovic warned employees the company is on the verge of bankruptcy. Local brewery, Sarajevska Pivara, has taken over as Pepsi bottler for the region.

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