Kosovo’s Q3 construction cost index falls y/y
AES Bulgaria's St Nikola wind farm Nov output up 40% y/y
Bulgaria's tourist overnights revenue up 18% y/y in Oct
Bosnia's Rafinerija Ulja Modrica submits EIA request for solar plant
Albania eyes 900 euro avg gross wage by mid-2024 - fin min
Dec 21, 2017 17:35 EEST
December 21 (SeeNews) - Bulgarian cellulose producer Svilosa [BUL:3MZ] said on Thursday it has stopped operations due to lack of raw material.
State-owned wood producer Severozapadno Darjavno Predpriatie, which is Svilosa's main supplier, has failed to meet its 2016 delivery contract, and most of the supplies scheduled for 2017 have also not been delivered, the company said in a bourse filing.
"This will lead to significant losses for the company and will disrupt international trade contracts and cause damage to the company's reputation," Svilosa added.
Svilosa's management has informed all state institutions about its woes.
Svilosa shares closed 1.26% lower at 4.15 levs ($2.51/2.12 euro) on the Bulgarian Stock Exchange on Thursday.
(1 euro = 1.95583 levs)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options