Government to receive €66 million from RMK in dividends
The government will receive €65.9 million from the State Forest Management Centre (RMK) Supervisory Board, which will be carried over to the state budget, said Minister of Finance Martin Helme (EKRE) on Thursday.
"At a time when Estonia has to borrow money from the market, it is not reasonable to have large sums of money sitting in state-owned institutions. RMK is a very liquid institution. Figuratively we will slice off half of their balance," said Helme.
The Minister of Finance confirmed that the amount carried over to state budget is €65.9 million.
"We increased the amount partly because RMK had an extremly profitable year and they exceeded income," Helme added.
RMK's improved economic performance is the basis of the increase in dividends as the net profit was €24 million higher compared to what was originally expected.
At the end of last year, the credit balance of the center's bank accounts was €96.5 million and in February, RMK sold Tootsi wind farm to Eesti Energia for €51.5 million. RMK's revenue was €218.7 million last year, up by €15.6 million on year.
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Editor: Kristjan Kallaste
