Bulgarian Energy Holding asks Bulgartransgaz to pay over BGN 88 million dividend to the state by the end of the month

Bulgarian Energy Holding held a working meeting with the Supervisory Board of Bulgartransgaz, at which the payment of the due dividend by the company for 2019 and 2020 was discussed. This is done in accordance with Order № 1 of April 28, 2021 to establish and payment to the state of deductions from the profits of state-owned enterprises and companies with state participation in the capital. The order was taken at a resigned government meeting in mid-April.

The percentage of deductions from the profit is 50 percent, it is written in the order and this is also valid for Bulgartransgaz. The deadline for payment of deductions and dividends this year is until July 30.

It is clear from the financial statements that the profit of Bulgartransgaz for 2019 was BGN 104 million. For 2020 the company's profit has melted to BGN 72.5 million. Thus, it turns out that the company must pay dividends of over BGN 88 million to the state budget by the end of July.