ZAGREB, Nov 30 (Hina) - The head of the Croatian Power Supply (HEP) management board, Ivo Covic, on Thursday said that due to the current delicate situation, caused by the financial problems of the US power supply company Enron, HEP
was intensively working on the assessment of the situation and trying to finding solutions regarding its relations with the US company. US analysts believe bankruptcy is the only solution to Enron's financial problems. Enron has been present in Croatia for five years, but the contracts it signed with HEP in September 2000 are now at issue. Covic did not say anything about the future of contractual relations between the two companies.(hina) it sb
ZAGREB, Nov 30 (Hina) - The head of the Croatian Power Supply (HEP)
management board, Ivo Covic, on Thursday said that due to the
current delicate situation, caused by the financial problems of the
US power supply company Enron, HEP was intensively working on the
assessment of the situation and trying to finding solutions
regarding its relations with the US company.
US analysts believe bankruptcy is the only solution to Enron's
financial problems.
Enron has been present in Croatia for five years, but the contracts
it signed with HEP in September 2000 are now at issue.
Covic did not say anything about the future of contractual
relations between the two companies.
(hina) it sb