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

Motorola Announces Third-Quarter Financial Results

Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008. more »

Brussels urges car makers to stay on green path

The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles. more »

Commission approves German support scheme for financial institutions

The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions. more »

New Commission report assesses European trade strengths in a changing global economy

A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change. more »

Microsoft Reports Record First-Quarter Revenue

Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles. more »

Airport charges - new rules could mean cheaper flights

Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers. more »

World summit to fight financial crisis

US and European leaders agree to series of summits on world finance. more »

Fishermen should learn from cowboys

On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis. more »

Private pensions have growing role, but must address society's needs – new EU report

A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels. more »

Energy security, issue of particular importance for Lithuania, in the European Council conclusions

Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting. more »