Energy Headlines

At its today’s session the Government has approved a decision to increase the statutory capital of a national joint stock company, Naftogaz of Ukraine. The Premier of Ukraine Yulia Tymoshenko stated at a press conference.

Yulia Tymoshenko accentuated the decision would be issued in the shape of a draft law and forwarded for considering by the Parliament. According to the Head of Government, the planned number of increase is UAH 10 to 18 billion.

The Prime Minister stressed as far as the crisis concerned and in view of significant drop of revenues and expenses of the budget, an issue to cover the difference of prices for heat communal enterprises arises. “And we have come to a decision to yield results along two directions. First, to give a resource to Naftogaz of Ukraine to cover the difference in prices for heat communal enterprises and, at the same time, to include these funds into statutory capital of Naftogaz of Ukraine NJSC to reinforce the statutory capitals,” Yulia Tymoshenko clarified the situation.

Source: Government Portal