Over 122 thousand frozen bank accounts in FYROM

Over 122 thousand frozen bank accounts in FYROM

Skopje, 4 April 2016/Independent Balkan News Agency

By Naser Pajaziti

The numerous debts by individuals and businesses have led to many bank accounts to be seized in FYR Macedonia. According to the data from the Central Bank, during the month of February, the number of frozen accounts was 122.502. This figure indicates that there’s an increase of the number of seized accounts and that in comparison to last year, there are over 23 thousand bank accounts more.

The government proposes changes in the law for the seizure of bank accounts. According to the new proposal, citizens and companies must be informed beforehand and be given time for the payment of debts.

Citizens have their accounts seized mainly for the failure to pay taxes and bank loans. /ibna/