Antic: & # 39; Azotara & # 39; to lose money goes bankrupt. Economy

Pancevo "Azotara", despite all attempts to increase efficiency and reduce input costs of raw materials, fails to achieve positive results because of which bankruptcy will be carried out [19659002] BELGRADE – Pancevacka "Azotara", despite all attempts to increase efficiency and reduce costs of raw materials, fails to achieve positive results, which will cause bankruptcy, said the Minister of Mines and Mines energy Aleksandar Antić

the situation is not only about fulfilling obligations towards the IMF, but above all a responsible attitude towards the citizens of Serbia, since the budget would be obliged to pay all debts created by Azotara .

As he says, Azotara will go on sale after a bankruptcy proceeding in accordance with the law, which will allow the government to do so. The government has made considerable efforts over the last few years to assist businesses the chemical complex to stabilize their business, solve historical debt problems and offer production conditions that will not create additional losses. ,

READ MORE – It started around "Azotara"

"This led to Petrohemija doing much better and making profits, that MSK does not create losses and that both companies in the process of privatization or to find a strategic partner, "said the minister.

photo A. Stanković

Antić says that, unfortunately, Azotara despite all attempts to increase efficiency and reduce costs input of raw materials, fails to achieve positive business results.
This leads to an increase in debt, to the failure of the implementation of the Prepared Reorganization Plan (UPPR) and further losses by the end of the year

the transition period provided the necessary technological and ecological processes and the social program for employees, the department era of Mines and Energy announced

The Ministry of Economy, according to some media, has proposed a procedure for the Pančevo Azotaru The reason for this is the & l l l l [[[[[[[[ indebtedness, while workers are offered a social program of voluntary departure from the largest Serbian plant of nitrogen fertilizers.