THE IMPACT OF FINANCIAL OPERATIONS OF UTILITY COMPANIES ON THE FINANCIAL POSITION OF THE CITY

Authors

  • Milan Stanić College of Slavonski Brod Dr. Mile Budaka 1, 35000 Slavonski Brod
  • Filip Tolić Slatinska Banka d.d. Matije Gupca 39, 35000 Slavonski Brod
  • Slobodanka Stjepanović Josip Juraj Strossmayer University of Osijek Faculty of Economics in Osijek Gajev trg 7, 31000 Osijek

Abstract

In this paper, the main topic will be the financing of utility companies and the financial impact on the budget of the local business units. A special emphasis will be placed on the financing of utility companies in Slavonski Brod. The paper defines each area of utility services and presents the utilities as services of public interest as well their privatization in general. The paper reports on the financing of these services and on the European Union regulations and directives concerning them.

In addition, the paper includes an overview of the sources of funding of utility companies and loan opportunities. Guarantees and subsidies are included as financing measures of the activities of communal companies.

The practical part presents an interview with key individuals of the city of Slavonski Brod with regard to the impact of the budget on the financing of utility services of the utility company in this city – "Komunalac Ltd.".

Keywords: Utility companies, financing, Slavonski Brod city, "Komunalac Ltd.", budget, public interest

 

Author Biographies

Milan Stanić, College of Slavonski Brod Dr. Mile Budaka 1, 35000 Slavonski Brod

Head of social department on College of Slavonski Brod.

Attendant  of doctoral study on Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek.

Filip Tolić, Slatinska Banka d.d. Matije Gupca 39, 35000 Slavonski Brod

Branch director in Slavonski Brod in Slatinska Banka d.d.,

Slobodanka Stjepanović, Josip Juraj Strossmayer University of Osijek Faculty of Economics in Osijek Gajev trg 7, 31000 Osijek

Head of Administration Office of posgraduate studies in Faculty of Economics in Osijek

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Published

2015-12-17

How to Cite

Stanić, M., Tolić, F., & Stjepanović, S. (2015). THE IMPACT OF FINANCIAL OPERATIONS OF UTILITY COMPANIES ON THE FINANCIAL POSITION OF THE CITY. Ekonomski vjesnik/Econviews - Review of Contemporary Business, Entrepreneurship and Economic Issues, 28(2), 425–439. Retrieved from https://hrcak.srce.hr/ojs/index.php/ekonomski-vjesnik/article/view/3136

Issue

Vol. 28 No. 2 (2015)

Section

REVIEW ARTICLE

License

Upon acceptance of an article for publication in Ekonomski Vjesnik / Econviews – Review of Contemporary Entrepreneurship, Business, and Economic Issues, contributing authors automatically waive their copyright in favour of the journal. The journal reserves copyright of all papers published in it.