5 minutes agoPTK against bankruptcy, government does not pay debts
Periskopi(8 years ago)
(8 years ago)Kosovo's telecom is in deep financial crisis and risks defaulting after 12 months. For Telekom's financial crisis, the chairman of the board of this public company, Besa Shatri-Berisha, has announced the government cabinet. She said the losses for the first three months of this year are 4m euros, as a result of the fall [...]
She said the losses for the first three months of this year are 4m euros, as a result of the decline in revenues and increased spending.
While Telekom currently owes over 60m euros.
The chairman of the Telekom Board has said there are several reasons at risk of bankruptcy. These include write-off of 26m euros to Z-Mobile Company.
Despite concerns raised over the Telekom crisis, Haradinaj has ruled out any possibility that the government will pay off debts.
The net property of the public company, according to the chairman of the Telekom Board, is 34m euros.
At the Government meeting, the cabinet has approved the Action Plan to address problems posed by the Progress Report on Kosovo. / KTV/
