The insolvency procedure of Stomana Pernik finalized A decision from 7.01.2009 for finalization of the insolvency procedure of Stomana JSC – Pernik /3JW/ was presented to Bourse Information Company Capital market SPLTD by the Trade Register.
Source: Company information (07.01.2009)

Direct losses of enterprises due to the cut gas supply for the last two weeks have reached BGN 170 million, minister of economy and energy Petar Dimitrov said. He defined the unprecedented gas crisis as a catastrophe of Bulgarian economy equal to a terrorist act. The most seriously affected sectors are the fertilizers plants, metallurgy and chemical industry. Biovet Peshtera pharmaceutical plant, for example, accumulated EUR 4 million loss due to the stopped gas. At present gas delivery of 2.5 million cubic m per day is guaranteed from Greece. By last night the crisis committee in the Ministry of economy and energy had to make a plan for the supply of the most affected companies. Today Bulgargas bosses are in Turkey to discuss alternative gas supplies and joint projects. Even if the crisis is over, we are obliged to discuss all alternative ways of natural gas supply so that the present situation will never be repeated, Dimitar Gogov, executive director of Bulgargas, commented. In a long-term plan Turkey might become a basic supplier for Bulgaria. The great question that remains even after the gas supplies are restored is: Will business in Bulgaria receive compensations for the losses? It has already become known that no such clauses are included in the contracts with Bulgargas. This fact, however, does not take away the responsibility of Bulgarian government to seek all ways to cover the damages. One way is to get additional amounts of the blue fuel at 4-8% lower price.
Source: Pari (21.01.2009)