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Vladislav Panev: "Bulgargaz" is bankrupt

On top of everything, half of the "assets" are overdue receivables from "Toplofikatsiya Sofia" for 829 million leva

Jan 31, 2025 11:36 53

Vladislav Panev: "Bulgargaz" is bankrupt  - 1

"Bulgargaz" is bankrupt with brutally bad results for the first nine months of last year. Despite the "compensation" of 156 million leva poured in by the state, the loss for the period is 187 million, and the equity is negative. This means that the debts are more than the assets.

This was warned about on "Facebook" Vladislav Panev.

On top of everything, half of the "assets" are overdue receivables from "Toplofikatsiya Sofia" for 829 million leva. Which we know whether they can be collected in a normal way.

The contract with "Botas" and the loss of market share are the main reasons for the practical bankruptcy of the company. The poor management is already being paid for by taxpayers through accounting tricks.

The people have said "there are no laws for millions, there is no forgiveness for a chicken". We should now change this to "there are no laws for billions". A huge bomb that is as scary as a firework in Koprivshtitsa for the finches there.