Govt commits state companies to dividend payment

The Estonian government has resolved to reap owner's profit (income tax included) totalling EEK 1.70bn (EUR 108.65 mn USD 155.91mn), with the income tax to account for nearly EEK 360mn and dividends nearly EEK 1.34bn, in an effort to improve budgetary revenue intake in 2009. The government will take all the dividends from Eesti Energia, which generated EEK 1.4bn in net profit for the past FY, and from the port operator Tallinna Sadam (EEK 400mn), Logistics Finland reported.

Source: Transportweekly