Dear All,
Thank you very much for your support. I managed to get Premiere working.
What I did was a combination:
1. Uninstalled K-lite Mega codec pack with Total Uninstall. I unregistered al the codecs also deleted some dll files.
2. Used the Adobe Unregister tool, as suggested by this topic https://forums.adobe.com/external-link.jspa?url=https%3A%2F%2Fhelpx.adobe.com%2Fphotoshop-elements%2Fkb%2Felements-installation-error-CC-cleaner-tool.html
3. Installed again Adobe Premiere.
It was working.
Then added the missing codecs – xvid, H264 and Lagarith losless – no issues.
I am not sure what helped and solved the problem, but the result is that it is working again.
I suppose that the Adobe Clean tool was a major part of the solution, however, I do not entirely exclude the possibility that the K-Lite Megacodec Pack was intereferein also to some extend.
Thank you for your help and
Best regards,
Ivan K. Yanakiev