Velefarm owed EUR 84 million to manufacturers at the end of December, while heatht institutions owed 66 million to the biggest wholesaler in Serbia, overall value of Velefarm" s supplies of pharmaceuticals is 25 million. "It means that claims of Velefarm and supplies of pharmaceutical products are in balance with debts to producers. " CEO Velefarm Dragoljub Vucicevic said, reacting to statements that companty has big financial problems and is unable to settle debts. " All liabilities are regularly paid according to plan. Aware of the value of the role of domestic manufacturers in pharmaceutical market, Velefarm settled the whole amount of liabilities to largest domestic manufacturers - Galenika, Actavis and Hemofarmby the end of the year . " Vucicevic negated that comapny has been in a blockade for 6 monhts, citing that it was period of 137 days, emphasizing that it was reduced from 47 million to 9 in a very short time.