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EMFESZ problems "come to an end", says managing director

Problems that resulted in the suspension of gas trader Emfesz's licence have "come to an end", Emfesz managing director Istvan Goczi told MTI on Wednesday.

Problems that resulted in the suspension of gas trader Emfesz's licence have "come to an end", Emfesz managing director Istvan Goczi told MTI on Wednesday.
"We paid KELER, the clearing house for the gas trade market, about HUF 1.5 billion we owed and eliminated the legal grounds for a liquidation procedure earlier initiated by KELER. At the same time, we took care of FGSZ Foldgazszallito's invoices. We are still solving smaller problems with FGSZ, but we have closed the 2010 business year,"  Goczi said.
The Hungarian Energy Office (MEH) suspended Emfesz's gas trading licence for 90 days on January 13, after its suppliers stopped deliveries because of unpaid bills. Emfesz' clients are temporily supplied by gas traders selected by MEH in the period.
It takes another one and half month until all settlements were completed, Goczi said. Emfesz should submit the documents on having resolved the problems within 60 days from January 13.
Goczi said companies owned by Csaba Pomazi still owed Emfesz USD 19.4 million (HUF 3.84 billion). About HUF 2 billion in overdue payments from end consumers have to be collected and Emfesz still has HUF 6-8 billion in receivables which are not overdue, he added.
Emfesz sells gas to 300,000 retail consumers, 300 local councils, 1,100 institutional consumers, 6,000 SMEs and several hundred industrial companies.(Econews)