Tag: debt

NEK settled its debt to US owned TPPs – Bulgaria, 27 May 2016

Bulgarian state-owned National Electric Company (NEK) has repaid its obligations to two US-owned thermal power plants in the amount of 587 million euros. The majority of the sum was provided through a loan which Bulgarian Energy Holding (BEH) obtained from the consortium of international banks last month, while the remaining amount came from NEK’s own […]

Brod refinery to use last year’s profits to cover accumulated losses – Bosnia and Herzegovina, 23 May 2016

Profit achieved by the Bosnian oil refinery in Bosanski Brod in 2015 will be allocated to cover part of the accumulated losses from previous years, according to a draft proposal for the company’s shareholders’ Assembly, scheduled for 24 June. Brod refinery recorded a profit of some 2.95 million euros in 2015 and after covering a […]

Hidroelectrica repaid all of its short-term debts – Romania, 17 May 2016

According to the latest report from Euro Insol, judicial administrator of Romanian insolvent electricity producer Hidroelectrica, the company has paid all its short-term debts and have started to make profit from the interest. At the end of March, Hidroelectrica has paid in full its short-term financial debt, which amounted to over 180 million euros at […]