EPS, Serbian Glass Factory reach agreement

EPS Snabdevanje (EPS Supply) and Paracin-based Serbian Glass Factory (SFS) agreed on Friday that the company should settle its debts for electricity by July 31, or EPS will suspend the power supply to the factory on September 1

In talks with the ministry of economy, SFS representatives have said that they will do everything in their power to secure the funds needed to meet their liabilities within the set timeframe.

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President of the SFS independent trade union Zivojin Matejic has confirmed to Tanjug that representatives of the factory agreed to the halt in supply after 30 days, if a mutually acceptable solution is not found by July 31.

Antic: Glass factory should pay for energy or halt production

SFS owes 1.9 billion for gas deliveries, and RSD 250 million for electricity, and has not paid a single dinar this year.

That is why senior officials of EPS and Srbijagas warned on Thursday that they would stop delivering electricity and gas at noon on Friday, if the plant did not start meeting its liabilities, and called on its management to reach a new contract and reschedule the debts.

(Telegraf.co.uk/ Tanjug)