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FLASH MACEDONIA

GEOLOGICAL RESEARCH FOR COAL STARTED IN
THE REGION OF DELCEVO

As AD ELEM inform, the research will last ORKA HOLDING AND
6 months, and the contractor of the works ACIBADEM BOUGHT
is the “Construction Institute Macedonia”.
On the basis of the detailed field research, THE JAPANESE
the contractor within three months will HOSPITALS TOKUDA IN
be obliged to prepare geologic elaborations
which will further be used for preparation BULGARIA
of a feasibility study which should offer
accurate parameters whether it is cost-ef- “Orka Holding” through the Clinical
ficient to open a coal mine near Delchevo Hospital “Acibadem Sistina”, together
which would be used for electricity production. In accordance with the invest- with the Turkish health care giant
ment plans of the company, field research work will commence in the following “Acibadem”, signed an agreement to
period for the potential coal deposit Pancharevo near Berovo. If the research at purchase the largest private health
the locations at Berovo and in the vicinity of Delchevo show cost-efficiency for care institution in Bulgaria, the Japa-
exploitation, then one of the options is to open coal mines and to construct a nese hospital “Tokuda”, together with
thermal power station in the east part of Macedonia considering the fact that its subsidiaries “Tokuda Group”. The
this region does not contain an active production capacity for electricity. Actu- two partners also signed a merger
ally, the initial geological research in this region was performed thirty years ago agreement with “City Clinic”, the sec-
and it showed that fifty million tons of quality coal is hidden here. ond health care operator in Bulgaria,
with three hospitals and three outpa-
MEMORANDUM FOR PROTECTION OF tient centers. After the transaction,
COMPETITION BETWEEN MACEDONIA AND SERBIA 76.5 percent of the shares of the newly
formed holding (SPV) belong to “Aci-
The international conference, organized by badem” and “Orka Holding” (through
the Commission for Protection of Compe- “Acibadem Sistina”), and 23.5 percent
tition of the Republic of Serbia, dedicated of the shareholders of “City Clinic”.
to the policy of protection of competition, The value of the transaction and the
where representatives from the Commis- newly created company is 125 million
sion for Protection of Competition of the Euros. The two transactions will lead
Republic of Macedonia also attended, was to the creation of the largest private
an occasion that was used by the two com- health care provider in Bulgaria and
missions in order to sign a Memorandum one of the leading health care institu-
for mutual understanding and cooperation tions in Central and Eastern Europe.
in the field of protection of competition. This will strengthen the global brand
The memorandum was signed by the leaders of the two commissions, Blagoj of “Acibadem”, the clinical and opera-
Churlinov and Miloje Obradic. With this document the two commissions want tive excellence and the know-how po-
to provide conditions for the promotion of the past successful cooperation in the sitions in the market of “Tokuda” and
field of implementation of the policy for protection of competition, as well as de- “City Clinic”, the high quality services
velopment of the bilateral relations by provision of conditions for efficient action and the reputation. The transaction
in the market of goods and services. The Macedonian and Serbian body for pro- is in accordance with the strategy of
tection of competition in this manner will be closer to the European standards in “Acibadem” to focus on the key fast-
the field of law and policy for protection of competition, which are an important growing economies in Central and
segment of the negotiating process for accession and full membership in the Eastern Europe and in the Balkan re-
European Union of the two countries. gion, and the plan is to open four hos-
pitals in the Balkan countries within
two years.

Miroslav Sazdovski

12 May 2016