The company’s deputy chief predicts its financial collapse
Published:
7 September 2001 y., Friday
Russia's gas monopoly Gazprom, which used to earn up to a quarter of the federal budget revenues, is on the verge of default. Judging from a document on short-term and long-term aspects of the financial situation of Gazprom's group signed by its Deputy Chief Sergei Dubinin, the company is facing the same problems as the Russian financial system did on the eve of the 1998 default. The company's budget is too small to allow it to handle all its credits independently. Borrowing new debts is the only way for Gazprom to save itself from total collapse and to avoid all the ensuing consequences for itself and the state.
Šaltinis:
therussianissues.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.
more »
Saddled with an ongoing housing crisis, rising unemployment and an arguably flawed system of balancing the budget, California's "Golden dream" has turned a dismal shade of gray.
more »
ATM software provider Level Four Americas LLC found in a recent survey that 67 percent of U.S. adults who use financial institution with ATMs would be likely to switch FIs after an instance of ATM fraud or a data breach.
more »
As designers put the finishing touches to their collections ahead of this year New York fashion week, the recession is on everyone's minds.
more »
On February 17 - March 13 this year, AB Bank SNORAS distributes one-year bonds with the fixed 11 per cent annual return, which can be regained after keeping the bonds for at least 28 days.
more »
Europe's controversial fishing policy was under scrutiny Tuesday at a public hearing in Parliament about its future shape.
more »
The European Commission has approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
In the special action of Bank SNORAS the participating depositors were presented 12 monetary prizes whose value reaches from 1 up to 50 thousand Litas.
more »
Solid performance despite rapid economic slowdown.
more »