Annual Report 2010. - Agjencia Kosovare e Privatizimit

16
ANNUAL REPORT 2010
On the other hand, as a consequence of the low level of fulfilment of the Commitment Agreement by the buyers, PAK Bord
of Directors during 2010 has rendered a decision on imposing financial penalties for the four New Co-s: Hotel Grand, MIM
Golesh, XIM Strezovc and IDGJ Tobacco.
Until 31/12/2010, the total amount of financial penalties imposed on these four (4) New Co-s is as follows:
1. Hotel Grand 6,549,839 €
2. MIM Golesh 6,357,094 €
3. XIM Strezovc 5,457,119 €
4. IDGJ Tobacco 3,937,890 €
22,301,942 €
During 2010 the Board of PAK has approved the extension of the of the commitment period for capital investments and
employment for the following New Co-s:
• New Co Hotel Iliria
• New Co Steel Welded Pipes Factory
• New Co Kosovatex
Based on all the external Auditors reports, the Bord of Directors of PAK, during 2010 has approved the release from the
terms of the Commitment Agreement the following New Co-s in conformity with article 7.1.
No. name of the new co Location Released on:
1 New Co Veraria Rahovec April 2010.
2 New Co 7 July Klinë January 2010
3 New Co Ballkan Suharekë Jun 2010
4 New Co Bread Factory Ferizaj October 2010.
5 New Co Tullara Kamenicë October 2010
6 New Co IMK steel pipe factory. Ferizaj December 2010
New Co Hotel Iliria – released only for capital
7
Prishtinë December 2010.
investments
Note: in the December meeting the Bord of Directors has also approved the request of the buyer of the New Co “Hotel Iliria” for
suspending the commitment period for employment taking into consideration renovation works in the enterprise, and extend
this period for another two years starting from September 01 st 2010 until September 01 st 2012.