Studenac is currently unable to meet its obligations, according to the company's managing director, Michal Senczuk. The company's bank accounts have been blocked following the submission of a petition for the opening of pre-bankruptcy proceedings. The accounts will not be unblocked until the court makes a positive decision on the pre-bankruptcy status, and during this time Studenac cannot make payments to suppliers.
Studenac has stopped paying all suppliers, including A&G and all other suppliers. In these circumstances, the company is currently unable to meet any of its obligations, Senczuk confirmed.
Despite the block, Senczuk says that business is currently running relatively normally. However, he warns that pressure on product availability is already being felt, and problems with time could become visible to customers. If a decision is not made soon, or if the proposal is not accepted, the problems will become increasingly visible, Senczuk said, warning that this is also endangering the company itself.
Senczuk stated that they are extremely proud of their employees, who are providing great support. The employees understand the situation, are dedicated, and are doing their daily work as required, he said. He believes that for a while they can continue to operate normally.
Studenac has around 7,000 employees and more than 1,000 stores. In many small towns, this is the only store where residents can buy basic groceries. Senczuk warned that without the opening of pre-bankruptcy proceedings, the consequences for the company, employees, creditors, and business partners would be significant.
In response to questions about the future of business in Croatia, Senczuk said that they certainly want to remain in the country. He said that they see a great need for such stores, in the small format. In the last quarter of 2025, they introduced some changes in business, and are already seeing the effects: they are recording an increase in the number of customers and sales volume.
They are not giving up on Croatia, they certainly want to stay here and soon resume successful business, Senczuk said. He concluded that they want to be one of the companies that have gone through restructuring and emerged stronger.
