FIRST STEP MADE
The Government of the Republic of Serbia on its session Thursday, December 15, 2011, adopted a Budget Act proposal for 2012. This proposal contains, among other issues, guarantee issuance by the Republic of Serbia in the favour of the business bank as a security for providing a loan for financing the first phase of the investments program in 2012, which includes capacity expansion of HIP Petrohemija’s polyethylene plants, the amount of investment being EUR 27,000,000. ...

On Wednesday, November 30th
CIRIC AND KRAVCHENKO IN PETROHEMIJA
Minister of Economy and Regional Development, Nebojsa Ciric, and NIS CEO, Kirill Kravchenko, with their close associates visited Petrohemija Wednesday, Nov. 30, in regard to recent Agreement on Strategic Cooperation signed between HIP-Petrohemija and NIS.
First they joined an organized tour to the High Density Polyethylene Plant (HDPE), and then took part in a press conference where the Agreement was presented by Ciric, Kravchenko and Petrohemija’s CEO, Sasa Pavlov. They all expressed their beliefs that the signed Agreement on Strategic Cooperation makes a ground for Petrohemija profitable operations in future with no losses after 2014.

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