Bogdan Motors Automobile Company’s liabilities as of July 1, 2015 reached Hr 4.8 billion, in particular Hr 3.22 billion accounts for the outstanding debt on bank loans maturing by late 2015.

The Commercial Court of Dnipro Oblast has declared Ukrainian auto producer Bogdan Motors bankrupt, according to a ruling published on July 6.

Bogdan Motors is one of Ukraine’s biggest auto producers, having produced the well-known yellow Bogdan minibuses, widely used in Ukraine.

Source: www.kyivpost.com

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