Bajatović: Relation between prices and loans

Srbijagas will have to take a loan for another 200 million euros by the end of the heating season if the gas prices do not go up, said director Dusan Bajatovic. Bajatovic said that the issue of gas prices is not only a political and socio-economic one, but also the issue of macroeconomic stability. Bajatovic: Relation between prices and loans He added that an analysis is in the works which should determine the potential effects an increase in prices of natural gas and heating could have. He noted that a major issue Srbijagas is facing is its heavy debts. "With these heating prices, there isn't a heating plant in Serbia that could get enough money to pay for natural gas and heating oil," Bajatovic said. Bajatovic stated that according to the estimates made by the Association of Heating Plants, the heating price should be 79 dinars per square meter, while gas prices should be somewhere between 2.2 and 2.5 times less. He added that Srbijagas has lost 140 million euros since 2008 due to discrepancies in exchange rates, with the loss for this year already reaching 70 million euros. Bajatovic said that the state had to vouch for Srbijagas, otherwise this public enterprise would not get more than 100 million euros in loans. Dusan Bajatovic (Beta)

Bajatović: Relation between prices and loans

He added that an analysis is in the works which should determine the potential effects an increase in prices of natural gas and heating could have. He noted that a major issue Srbijagas is facing is its heavy debts.

"With these heating prices, there isn't a heating plant in Serbia that could get enough money to pay for natural gas and heating oil," Bajatović said.

Bajatović stated that according to the estimates made by the Association of Heating Plants, the heating price should be 79 dinars per square meter, while gas prices should be somewhere between 2.2 and 2.5 times less.

He added that Srbijagas has lost 140 million euros since 2008 due to discrepancies in exchange rates, with the loss for this year already reaching 70 million euros.

Bajatović said that the state had to vouch for Srbijagas, otherwise this public enterprise would not get more than 100 million euros in loans.