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 Fin Min Expects 0.7% Budget Surplus as of End-August
- » Bulgaria Reports 0.9% Budget Surplus as of End-July
- » Bulgaria’s C-Bank to Replace BGN 2 Banknotes with BGN 2 Coins by end-2015
- » Bulgaria’s EconMin Proposing Tenfold Rise in Fuel Fraud Fines
- » Government Nominates C-Bank Head as Governor for Bulgaria in IMF
- » Foreign Direct Investment in Bulgaria Reaches Almost EUR 800 M in H1