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.
- » Bulgaria’s Gross Foreign Debt Dips 1.3% Y/Y in May 2016
- » Bulgaria Appoints New Deputy Finance Minister
- » FDI in Bulgaria Falls 34% Y/Y for January-May - C-Bank
- » Bulgaria, Iran to Deepen Economic Ties, Fight Against Tax, Customs Fraud
- » Inspections Along Bulgaria's Black Sea Coast Brought Extra BGN 200 M in Revenues
- » Bulgaria Posts Budget Surplus of 3.1% of GDP for End-May