Government approves Naftogaz's financial plan

The Cabinet of Ministers has approved the financial plan of National Joint-Stock Company Naftogaz of Ukraine for 2013 with a deficit of UAH 18 billion, Energy and Coal Industry Minister Eduard Stavytsky has said.

"We approved [the plan] as a whole, but there are still some issues related to taxation. In general, we seriously reduced the deficit. The deficit will reach around UAH 18 billion," the Forbes Ukraine magazine quoted Stavytsky as saying.

He noted that the company can expect a profit, taking into account all financial figures this year. "If we take into account all figures, then yes," the minister said, when asked whether it can be expected that the company will be profitable this year.

As reported, in 2012, Naftogaz saw a net loss of UAH 10.271 billion.

Adapted from Ukrinform