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Bulgaria's aspiration to membership in the OECD and the explicit requirement to improve the management of state-owned companies does not particularly respect the authorities. On the boards of state-owned companies, appointments without competition continue en masse. This is shown in the annual report of the "Public Enterprises and Control Agency" on state-owned public enterprises for 2022. According to the data up to the end of December 2022, three out of three members of the "Information Service" board were elected without competition. 7 of the 7 members of the management of the state enterprise "Management and management of dams" did not go through the competition procedure. 5 out of 5 members of the board of "Bulgargaz" were also elected without competition. In the transport sector, 5 out of 5 members of "Holding Bulgarian State Railways", as well as 3 out of 3 members of the boards of "Sofia Airport" and "Plovdiv Airport", did not go through a public procedure. Competitions were not held for the management of any of the state companies under the Ministry of Sports, as here all board members - a total of 19 people in 5 companies - were elected without a competition. With the rules for implementing the law, it was practically possible to bypass the requirement for a competition with the possibility to appoint temporary holders for a period of up to 6 months. In 2022, state-owned enterprises reported a serious increase in revenues, with 171 of 265 state-owned enterprises reporting a net profit in the total amount of BGN 3.89 billion. Revenues from operating activities reached BGN 32.8 billion - nearly BGN 13 billion more than 2021, with the main contribution coming from the energy sector with total revenues from operating activities amounting to BGN 25.1 billion. The dividend paid into the state by public enterprises in 2022 is BGN 1.524 billion, with the vast majority of it is a payment from BEH - BGN 1.439 billion, including retained earnings from previous years.

 

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