The bill (Reg. No.7266) prolongs the debt restructuring procedure defined by the Law "On Action for Sustainable Operation of the Fuel and Energy Sector" for the fuel and energy sector till 1 January 2013. Pursuant to the document, a debt shall be extinguished if it is formed as of 1 January 2007 instead of 1 July 2005 as defined by the effective Law.
Furthermore, enterprises of the fuel and energy sector included into the Register are permitted to restructure the principal tax debt through the payment by installments for 20 years. State-owned and municipal enterprises, as well as economic associations in the fuel and energy sector with a state share of at least 20% included into the Register are permitted to restructure the debt without additional agreements with the authorized state bodies.