Nupharo declares insolvency
Prague, 17. 8. 2016 - Nupharo Park a.s., the owner of Technology Park in Ustecky region submitted a proposal for commencement of insolvency proceedings at the County Court in Prague on August 15.
The company was forced to take this step after it has long struggled with financial problems. In late 2015, shortly after the official opening of the park was launched austerity measures and developed maximum effort to fulfill the park and obtaining additional investors. Despite these efforts the company failed to ensure a healthy start and operation of the Technology Park, which led to the above decision.
Milan Ganik, the project leader and director of Nupharo was dismissed by both owners (CPPD and ABB) in June 2016.
Current management of the company is ensured by the interim director Peter Dajko and the Board of Directors, composed of the owners of the company.
Representative of the Board
tel: + 420 737 133 150