Burgas municipal companies will pay 50% of their after-tax profit for 2025 into the city's coffers. The city council decided this at its meeting number 42 on 21 September 2026. The rule applies to sole-owner limited companies where the municipality of Burgas holds 100% of the capital, except for hospitals.
The money must be transferred by 30 October 2026. The motion was submitted by deputy mayor for finance, budget, economy and maritime affairs Stanimir Apostolov.
Hospitals that are wholly owned by the municipality don't have to pay a dividend for 2025. The condition is that they put half of their profit back into their main work, meaning capital spending and buying long-term assets. For this money, they'll hand the municipality proof-of-spending documents, which the council will sign off by 31 December 2026.
Point 3 of the decision also covers "Complex Oncology Centre – Burgas" Ltd. This hospital also won't pay a dividend, as long as it puts 50% of its profit toward payments on an investment loan, both principal and interest.
The loan comes from the "Jessica" initiative and was taken out to buy a nuclear medicine diagnostic system, which includes a hybrid PET/CT and a hybrid SPECT/CT system, plus an automated therapy system.
Council members also agreed that uncovered losses from past years at the sole-owner companies will be paid off using money from the "retained earnings" and "other reserves" accounts, with whatever's left in "retained earnings" moved into "other reserves".