Search

Mistake of Naftogaz can lead to bankruptcy of company

... the state budget. In an interview with Forbes, the former head of Naftogaz called the actions of the new leadership a ‘catastrophic mistake’. By refusing to purchase gas in advance before the heating season, top management actually led the company to bankruptcy. According to the expert, the Ukrainian company will simply not be able to independently restore the necessary gas reserves in the next heating season. According to approximate calculations, about 8 billion cubic meters of gas will have to ...

Prime Minister of Lebanon: "The state has gone bankrupt…What a pity."

... what had happened. The question of what exactly the country's authorities will do next remains open. Al-Shami told the local channel Al-Jadeed that the authorities will strive to minimize the losses that ordinary citizens will inevitably suffer due to bankruptcy. Losses are planned to be distributed among the state, the Central Bank, credit institutions of the country and depositors. Lebanon has been in an economic crisis since late 2019. The country experienced a massive depreciation of the currency, people do not have enough fuel and medicines. Massive power outages often occur. The ability to withdraw cash in dollars or euros in Lebanon has also been limited ...

Major supplier of electricity collapsed in the UK

... was caused by gas prices, which were established in the fall of 2021. The company's share of electricity suppliers in the UK was about 6%. Experts note that over the past three months, 25 electricity suppliers in the country have already filed for bankruptcy. Several million citizens were their clients. At the same time, the country's authorities are in a state of expectation of new bankruptcies. A few days ago, a message that the introduction of a special management regime would allow the company ...

SEVERAL ENERGY FIRMS HAVE GONE BURST IN THE UK AT ONCE

... an increase in inflation and a slowdown in economic recovery of the region. In addition, at the beginning of autumn, one of the largest fertilizer producers from the United States left the British market. This happened precisely because of the energy crisis that had ‘covered’ Europe. Now a situation of food inflation may arise, as the farmers' costs are rising.

COLLAPSED DUE TO NEW RESTRICTIONS: OVER 170 RESTAURANTS OF MOSCOW WENT BANKRUPT IN THREE WEEKS

... the protection of the capital's entrepreneurs and concurrently restaurateur Anastasia Tatulova said in an interview with the host of Moscow Speaks, the cafes will not survive the new lockdown. At the moment, catering establishments are in the brink of bankruptcy. One establishment is closed almost every day. She noted that she did not believe that the treasury would find enough funds to tangibly help restaurateurs. Although, according to a survey of entrepreneurs conducted by the Oprosso online service,...

1.4 MILLION ITALIANS MAY GO BANKRUPT BY JULY 2021

The Independent Federation of Italian bankers has released information about what threatens millions of Italian citizens and businesses by mid-summer. According to the experts' forecast, 1.4 million Italians and almost 1.3 million legal entities may be overboard. The reason for this will be the expiration of the governmental decrees that provided residents of Italy with a deferral to pay off debts to the country's credit institutions. We are talking about debts of the total amount of almost € 300...

WHY USA PROVIDE FUNDING FOR LOSS-MAKING COMPANIES

... organizations to find the money to service debts at rates close to zero. One of the examples of such companies, which are close to bankruptcy, is the General Electric Corporation. An additional factor aggravating the situation with “zombie” companies was the ... ... economy from normal development has already reached $ 1.4 trillion. This debt is almost three times larger than the debts of 2008 crisis. At the same time, many companies, mired in debt, can no longer decide anything on their own, without constant subsidies ...

Sorted by relevance | Sort by date