Yushchenko ordered Naftohaz CEO to ensure company’s financial self-sufficiency

15:25, 11 January 2008
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And to guarantee retaining control over gas-transport system by the state

President Victor Yushchenko met today with NJSC Naftogaz of Ukraine head Oleh Dubyna, according to the President`s press-office.

Meeting participants discussed financial issues of the company during 2007 as well as outlined basic strategies for 2008.

President noted that after amendments are introduced to 2008 budget the threat of financial bankruptcy of NJSC Naftogaz of Ukraine is to be removed.

As for the future V. Yushchenko said that it is necessary to prepare a program of company’s development which would ensure Naftogaz of Ukraine financial self-sufficiency as well as to guarantee retaining control over gas-transport system by the state.

From his part O. Dubyna informed V. Yushchenko that commission on inspecting economic activity of NJSC Naftogaz of Ukraine established by Presidential Decree of January 9 has started its work. Overall O. Dubyna evaluated the condition of the company as critically unsatisfactory and handed over to President еру data on company’s work. He also noted that company faces excessive fiscal burden.

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