Major Slovak Transport Company Falls into Bankruptcy amid Tax Debt Chain

Another million-euro company has entered bankruptcy proceedings as part of a chain of tax debtors linked to Slovak businessmen Martin Vasilenko and Miloš Kazimír. The two entrepreneurs previously controlled the Korida transport and logistics group, which despite generating millions in revenue also recorded massive losses before being merged into a waste management company controlled by front companies. That waste company ultimately collapsed with tax debts exceeding 5.3 million euros. The business duo has now resurfaced controlling operations in the Czech city of Ostrava, continuing a pattern of corporate structures that accumulate significant tax obligations before failing.