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LIPETSK ENERGY INDUSTRIES PREPARING FOR AUTUMN BANKRUPTCY

An audit conducted at Lipetsk City Energy Company JSC (LCEC) showed a decline in financial performance in ... ... deplorable state of finances in the organization was the boiler-houses in the city of Usman. They bring annually up to 40 million losses, while the company is forced to... ... transmission, cold water supply, sanitation and heat supply) ended up on the verge of bankruptcy remains to be resolved by the local authorities. However, they are now more...

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