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

Russia and Venezuela finish WTO talks

Russia and Venezuela have signed a protocol to confirm completion of bilateral talks on access to the markets of goods and services more »

Gov’t to Keep Maximum Income Tax Rate At 35%

The Azerbaijani government supports preserving the maximum income tax rate at 35%, said Deputy Finance Minister Azar Bayramov more »

Hungary's central bank defends pursuit of a strong currency

The president of Hungary's central bank, Zsigmond Jarai, is facing off pressure from the Socialist-Liberal government more »

The international conference

Energy Ministers of Caspian/Black Sea Region Discuss Cooperation with EU more »

Romania, Japan eye emissions trading deal

Japan is negotiating with Romania on facilitating emissions trading of greenhouse gases under the Kyoto Protocol, which enters into force in February, officials said Monday more »

More than $1bn to be invested in Moldova

An investment project totaling more than USD1.1bn will be implemented in Moldova more »

K&H Bank issues corporate credit card

K&H Bank Rt has started offering corporate credit cards with limits up to Ft 1 million more »

OTP makes binding bid for Nova Banka

OTP Bank Rt has made a binding bid for a 95.59% stake in Croatian bank Nova Banka more »

Kazakhstan Eyes BG Stake

Kazakhstan's oil minister said Friday that the Kazakh government wants to buy British Gas' entire stake in a project to develop a giant oil field in the Caspian Sea more »

Russia not seeking new World Bank loans - Kudrin

The Russian government is not now seeking any new loan money form the World Bank and is wrapping up existing projects, Finance Minister Alexei Kudrin said during the 2005 federal budget bill's third reading at the State Duma more »