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Macedonia: Court procedure ELEM – EVN settled

Published: March 31, 2011; 00:08 · (Vindobona)

Today ongoing judicial proceedings since 2008 between state-owned ELEM and the Austrian energy company EVN have been terminated by an in court settlement.

Macedonia: Court procedure ELEM – EVN settled / Picture: © Wikimedia Commons / By MacedonianBoy ([1]) [CC BY-SA 3.0]

This settlement is a further step towards the solution of all open issues between the Macedonian government and EVN in the context of the agreed road map.

State-owned ELEM claimed the payment of € 96m plus interest for unpaid electricity bills from the time before privatisation. The judgement of the court of first instance was reversed by the court of appeal. On the basis of an…

This article includes a total of 319 words.

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