Short Company profile

 

Salary increases on the boards of state-owned companies are supposedly tied to a formula that takes into account each quarter the specific results of the company, but the formula is drawn up in such a way that for state-owned companies with large assets and personnel, the specific financial result has less weight in the evaluation . Under the official government of Galab Donev, it was allowed that the salaries of the management staff were not limited by an upper maximum for part of the public enterprises. Thus, for example, the maximum possible salary in the RVD, in the absence of a maximum, reached a record 26,910 BGN per month. This level was possible with a minimum salary of BGN 780. At the current level of the minimum salary of BGN 933, the maximum possible salary of the director of the Internal Revenue Service is now BGN 32,188 per month. In 2023, RVD reported BGN 612,000 in costs for the remuneration of the general director and the management board, with an annual expenditure under this heading in 2022 amounting to BGN 287,000. RVD is managed by a three-member board, and the reported growth in salary costs is over 200%. Remunerations have also reached cosmic levels in the "Electricity System Operator", which has also already published an annual report for 2023. In it, ESO reports that the expenses for remunerations of the management and supervisory board have reached BGN 1 million and 13 thousand. at BGN 668,000 for 2022.

 

News	page 1 / 24   page

18.07.2024: IMF: State-owned companies in Bulgaria are expensive,...
15.07.2024: The ESO returned its excess revenues from the extreme prices of...
28.05.2024: Electricity production since the beginning of the year decreased...
15.05.2024: Almost three times better financial result for 2023 reports...
13.05.2024: ESO reports a record drop in electricity exports for the first...
09.05.2024: The share of hydropower in the country's energy balance as of...
22.04.2024: Salary increases on the boards of state-owned companies are...
21.02.2024: ESO registers two more solar power plants as balancing...
15.02.2024: The Council of Ministers approved the GREENABLER project for...
24.01.2024: Electricity produced by RES has increased by over 26% in a...