Tag: debt

Brod oil refinery continues to accumulate losses – Bosnia and Herzegovina, 13 November 2017

Bosnian oil refinery Bosanski Brod, owned by Russian Zarubezhneft, continues its poor financial performance in 2017, while the market value of its shares has hit historical low and now amounts […]

Debt of RiTE Gacko exceeds company’s assets – Bosnia and Herzegovina, 23 October 2017

According to the latest auditing report, the short-term liabilities of coalmine and thermal power plant (RiTE) Gacko, operated by Bosnian power utility ERS, exceeded the company’s floating assets by some […]

EC Hunedoara to reduce losses by 80 % in 2017 – Romania, 1 September 2017

The Romanian Government has adopted the 2017 budget for Energy Complex (EC) Hunedoara, estimating that the losses of the state-owned company will be reduced by 80 %. The company’s total […]