pledges

Pledges in Serbia: A closer look at over 100 billion euros in secured debts

A pledge serves as a guarantee that we will repay the debt on time – otherwise, the creditor can satisfy themselves by selling the pledged property. As of December 31, 2023, the Agency for Business Registers, as reported on the N1 portal, indicates that there were actively 196,209 pledged rights, with the total value of secured claims amounting to 100,898,034,811.79 euros. Debts exceeding 100 billion euros are owed by individuals and companies in Serbia, who have put vehicles, trucks, machinery,…