Bulgaria Received BGN 63 M from Underground Resources Concessions in 2011

Business | October 24, 2012, Wednesday // 14:10|  views

Photo by ecomedia.bg

By December 31, 2011, a total of 382 concession contracts were in force in Bulgaria for the production of underground resources, including construction and stone tile materials, metallic and non-metallic minerals, industrial minerals, fossil fuels, crude oil, and gas.

According to the summarized report of the inter-departmental committees on control over concession contracts, 33 of the total of concession contracts were signed in the period March 1, 2011 – end-2011, according to the government's press office.

Receipts from concession fees amounted to BGN 63 247 M for 2011, up by 34%, or by BGN 16 070 M, from the previous year.

Deductions to municipalities came in at BGN 23 907 378, more than twice more the amount in 2010, when municipalities were transferred a total of BGN 11 184 577 in concession fees.

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Tags: concession, revenues, underground natural resources


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