Tag: debt

Ukraine allegedly owes 600 million dollars to Gazprom – Region, 31 May 2016

According to Russian gas company Gazprom, Ukrainian national energy company Naftogaz owes them about 600 million dollars for natural gas deliveries to Southeastern Ukraine. Deputy Director General of Gazprom Alexander Medvedev said that Gazprom has the agreement on gas deliveries to Ukraine, including Donetsk and Luhansk regions, inhabited by Ukrainian citizens and where Ukrainian companies […]

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 […]