Burisma is hanging in there; Baby Biden still occupies prime real estate on the Board of Directors.
http://burisma.com/en/director-list.html
via Google Translate:
Burisma Holdings may reduce investment in 2015 because of the tax burden - UA Energy
New fiscal legislation actually leveled the investment component in the gas industry in Ukraine. This was stated by Chief Financial Officer Burisma Holdings Alexander Gorbunenko on the Ukrainian Energy Forum.
The largest independent gas producer in Ukraine Burisma Holdings made a major partner of the Ukrainian Energy Forum, which was held in Kiev, 3-5 March 2015 The main topic of discussion at this Forum - "Diversification of supply and an increase in domestic production in order to ensure energy security of Ukraine."
"Now in Ukraine difficult situation in the gas industry. But it is precisely at this time you need to look for new ideas and new solutions, helping to maximize return of confidence on the part of foreign investors, - said Alexander Gorbunenko. - In the meantime, the state does little to implement the program of energy independence. The new fiscal legislation virtually leveled the investment component in the industry. "
According to the treasurer Burisma Holdings, for the past three years, the company's operating groups Burisma Holdings increased production of natural gas to more than 3 times, only in 2014th invest 2 billion USD. "For the current year investment program was scheduled for 3 billion USD and reaching the level of more than 1 billion cubic meters of natural gas. Sinister renewal of the" temporary "rental rates on a permanent basis, and loss of reduction factor to stimulate the drilling of new wells, as reflected in the changes in tax law, made it impossible for the implementation of development programs and have led to cuts in investment programs as our company, as well as key players in the local market, "- stated Alexander Gorbunenko.
Complete story at - http://uaenergy.com.ua/post/21597/urisma-oldings-mozhet-sokratit-investitsii-v-2015-g-iz-za/
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