Sale of Bulgarian Heating Utility "Legal"

Published: 18 September 2004 y., Saturday
The Domestic Diplomatic Properties Agency defended Friday the legal sale of a local heating utility after its halted operations left people in a Sofia suburban area without hot water. ADIS real estate agency, seller of the Ovcha Kupel utility, claimed that the new owner Tehem Services, a local power accountancy company, is responsible for the state of operation of the utility. "The buyer, Tehem Services, offered the highest price for the utility, whose sale observed all legal regulations. The buyer is the legal owner of the utility and bears the responsibility for its halted operations," Deyan Kavrakov, CEO of ADIS Ltd. told journalists. The station's normal work was halted, as the buyer refused to acquire the purchased assets, citing accounting reasons. ADIS real estate agency underlined that it has repeatedly invited the buyer to get the assets and has offered access to all necessary information.
Šaltinis: novinite.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The Successfull Expansion

Wincor Nixdorf International GmbH is successfully expanding its business activities in Ukraine more »

Cardpoint installs its first ATMs in Germany

Wincor Nixdorf supplies initial 50 ATMs to Cardpoint Germany and takes responsibility of the complete operation of the self-service estate more »

Intel founder: Silicon Valley no longer unique

Weakness of education system, high cost of living make it hard to attract top workers more »

Strong Earnings Reports for 2004

Share trading turnover jumped 62% from January to February on the Budapest Stock Exchange more »

Latvia Comes Out Worst in EU for Money Laundering, U.S. Says

Latvia, the former Soviet state that's pressuring banks to clamp down on financial crime, has the most to do of any European Union member when it comes to tackling money laundering, a U.S. government report said more »

Russia's foreign debt shrinks

Russia's foreign debt decreased USD9.2bn in 2004 to USD110.5bn as of January 1, 2005, the Russian Finance Ministry said more »

ITALY TO BOOST BY 50 PERCENT INVESTMENTS IN RUSSIA'S ECONOMY

Italy is going to increase by 50 percent the volume of investments in the Russian economy, Italian deputy industry minister Dr. Adolfo Urso said on Wednesday presenting in Moscow the program 2005 more »

DeutscheBank allocates credit to Ukraine

In the course of Ukrainian President Viktor Yushchenko's visit to Germany on March 8 to 9, Naftogaz Ukrainy oil company and DeutscheBank signed a financing agreement worth EUR2bn more »

Pannon GSM Hungary signs deal with Nokia

Nokia and Hungarian operator Pannon GSM have signed an agreement for the expansion of Pannon’s GSM network and upgrade to EDGE in greater Budapest more »

EU entry benefits trade balance

According to preliminary figures of the Central Statistics Office (KSH), Hungary’s foreign trade grew at a faster pace in 2004 than in previous years more »