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Gold trap! What Asen Vassilev is cooking

A draft published on the website of the Council of Ministers shows that the Minister of Finance Asen Vassilev proposes raising the concession fees for extraction of copper and gold. According to the document, signed by Bacilev and the energy minister Alexander Hikalov, it offers a minimum limit of 6% of the salary, which is 4 to 4%.

The movement is still subject to the introduction of a minimum concessionary fee until the yield is realized. Docega takava ne ce ppedvizhdashe ppi otkaz od otobiv. However, the minimum may not be lower than the value determined on the basis of 50% of the estimated annual yield.

According to Bacilev, the state does not receive enough income from the big investors, who earn money for the underground riches. The topic was opened by the Vice Prime Minister until the official Minister.

Oт пyблиĸyвaния в миниcтepcтвoтo нa финaнcитe дoĸyмeнт ceгa cтaвa яcнo, чe пpeз изминaлитe мeceци ca cфopмиpaни paбoтни гpyпи c пpeдcтaвитeли нa диpeĸция „Иĸoнoмичecĸa и coциaлнa пoлитиĸa“ в Mиниcтepcĸи cъвeт и нa eнepгийнoтo и финaнcoвoтo миниcтepcтвa, предаде economic.bg.

The project envisages the lifting of the concession fees for other underground resources, landfills and not so much. This is the case for the so-called Industrial minerals (eg, limestone) increase twice as much – up to 8%. The basis for determining the minimum amount of the due annual concession payment varies from 30 to 50% of the annual yield for the end of the year. According to Bacilev’s number, these concessions over the last four years have had revenues in the amount of between BGN 6 and 7 million.

For oil and gas production, the percentage of the concessionary compensation will also be doubled, as much as is expected to be for extraction.

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