The company’s deputy chief predicts its financial collapse
Published:
7 September 2001 y., Friday
Russia's gas monopoly Gazprom, which used to earn up to a quarter of the federal budget revenues, is on the verge of default. Judging from a document on short-term and long-term aspects of the financial situation of Gazprom's group signed by its Deputy Chief Sergei Dubinin, the company is facing the same problems as the Russian financial system did on the eve of the 1998 default. The company's budget is too small to allow it to handle all its credits independently. Borrowing new debts is the only way for Gazprom to save itself from total collapse and to avoid all the ensuing consequences for itself and the state.
Šaltinis:
therussianissues.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF).
more »
Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion.
more »
High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum.
more »
Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it.
more »
China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite.
more »
The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis.
more »
Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates.
more »
A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis.
more »
Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game.
more »