Bulgarian Energy Holding Awaiting BGN 1.45 B from Subsidiaries

Bulgarian Energy Holding Awaiting BGN 1.45 B from Subsidiaries
energia.gr
Δευ, 25 Αυγούστου 2014 - 09:54
State-owned Bulgarian Energy Holding (BEH) has to collect a total of BGN 1.45 B of trade receivables and loans it has given out to filian companies, its interim 2014 report says.
State-owned Bulgarian Energy Holding (BEH) has to collect a total of BGN 1.45 B of trade receivables and loans it has given out to filian companies, its interim 2014 report says.

The bulk of this money, or BGN 1.2 B (82% of the total), was spent on assistance to the National Electric Company (NEK), with all the loans granted to NEK now consolidated into a single one to be paid in ten years and bearing a 4.49% yearly interest, the document shows according to Trud's website.

BEH has stepped into the second half of 2014 at a profit of BGN 48.1 M, 86% less than at the same time in 2013.

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