Банкеръ Weekly

Briefs

THE STATE WILL GET BGN17.5MN IN DIVIDEND FROM BULGARGAS

By May 30 the State will get BGN17.5MN in dividend from the profits of Bulgargas EAD. In the first quarter of 2002 the state-owned company paid BGN120MN in taxes to the national budget.Bulgargas has planned to invest BGN22MN this year, 5-fold less than in 2001. The company imported 3,260MN cu m of natural ags last year, including 101MN cu m under the Yamburg agreement. The Ukraine's liabilities to Bulgaria should be paid off by the end of 2002.Natural gas consumption in Bulgaria reached 3,140MN cu m last year, of which 1,136MN cu m were used by local heating companies, 1,214MN cu m - by the chemical industry, and 349MN cu m - by metallurgy.

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