Bulgaria's Government Demands Urgently Dividends from State Companies
Bulgaria's Government demanded urgent payments of dividends from the companies with over 50% state ownership, reports Sega daily.
With an order of June 11 the Council of Ministers demanded 70% of the profits to be paid to the shareholders by today, June 16. The state-owned hospitals are exempt.
Sofia Airport and the Air Traffic Control companies must pay 90% and 100%, respectively.
By law, payments of dividends must happen by July 15. It is unclear why Government gave only four business days to the companies, but, according to the media, the reason most likely is the lower than expected budget revenue.
- » The Debt of Bulgaria for 2017 Amounts to BGN 25,064 Million
- » Spain is Richer than Italy, According to Data from the IMF
- » Bulgarian National Bank Puts into Circulation a Silver Commemorative Coin "The Old Elm in Sliven"
- » Card Payments in Bulgaria have Increased by 44% over Three Years
- » Аverage Insurance Income For Bulgaria in February is BGN 860.14
- » China Says Trade War is 'Lose-Lose' as it Hits America with New Tariffs