trading price of aluminium, and expensive production inputs, primarily the electricity and alumina production, have resulted in KAP generating daily losses of up to €200,000. The company has been unable to survive ever since without the constant Government subsidies, primarily in writing off the debt for electricity. In June 2009, the financial situation at the company had not improved, leaving KAP in danger of being closed by CEAC. The government, not wanting to see its largest company being shut down, agreed to guarantee a €45 million loan. In exchange, the government would receive half of the stakes owned by CEAC, leaving CEAC with a stake of 29.3%. As relationship between the owners and management and the Government of Montenegro became increasingly sour, there was an ongoing debate within the country about the fate of the company. The size of the company, number of employees, and its impact on the Montenegrin trade balance imply that efforts will be made by the Government to keep the company alive, although sustainable ownership and management arrangements are yet to be made given the current dissatisfaction with Russian owners. On 8 July 2013, KAP officially went bankrupt, having up to that point accumulated a debt of 383 million euros, while the company itself is worth 180 million euros. Montenegrin ownership (2014–present) In July 2014, KAP was sold for 28 million euros to the Montenegrin company Uniprom that is 100% owned by Veselin Pejović. Controversies Podgorica Aluminium Plant is the subject to some controversy and criticism. Although it is the biggest single contributor to Montenegrin GDP and export, it is heavily criticized for polluting the fertile Zeta plain. KAP's red mud pond is notorious for its dry red dust, that is spread by the winds across the villages in Zeta. KAP is also criticized for consuming most of the electrical power of Montenegro at low prices, while Montenegrin citizens face frequent shortages of electricity and pay for it at much higher prices. Various political entities, most notably Movement for Changes, had pointed out that selling the KAP was a bad deal for the state of Montenegro. Arguments are that KAP was underpriced, and that CEAC owners have suspicious business practices, such as reporting constant annual losses, in order not to pay off dividends to the minority shareholders. KAP's trade union has launched strikes frequently since privatization, demanding increases in wages. Strikes unfold in a tense atmosphere,